Dimensional Fund Advisors LP Buys 31,803 Shares of Northern Oil & Gas, Inc. (NOG)

Dimensional Fund Advisors LP boosted its stake in shares of Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) by 42.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,965 shares of the energy company’s stock after acquiring an additional 31,803 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Northern Oil & Gas were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. lifted its position in Northern Oil & Gas by 502.0% during the 2nd quarter. BlackRock Inc. now owns 8,368,829 shares of the energy company’s stock worth $26,362,000 after acquiring an additional 6,978,583 shares during the period. Serengeti Asset Management LP lifted its position in Northern Oil & Gas by 170.8% during the 2nd quarter. Serengeti Asset Management LP now owns 3,250,000 shares of the energy company’s stock worth $10,238,000 after acquiring an additional 2,050,000 shares during the period. Spark Investment Management LLC lifted its position in Northern Oil & Gas by 890.0% during the 2nd quarter. Spark Investment Management LLC now owns 1,046,415 shares of the energy company’s stock worth $3,296,000 after acquiring an additional 940,715 shares during the period. Acadian Asset Management LLC acquired a new stake in Northern Oil & Gas during the 2nd quarter worth approximately $1,943,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Northern Oil & Gas during the 2nd quarter worth approximately $1,903,000.

NOG has been the subject of a number of analyst reports. Stifel Nicolaus set a $4.00 target price on Northern Oil & Gas and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Northland Securities set a $6.00 target price on Northern Oil & Gas and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Zacks Investment Research downgraded Northern Oil & Gas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 10th. Finally, Capital One Financial raised Northern Oil & Gas from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 31st. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Northern Oil & Gas has an average rating of “Buy” and an average price target of $4.17.



Shares of NOG stock opened at $2.94 on Thursday. Northern Oil & Gas, Inc. has a 12-month low of $0.72 and a 12-month high of $4.49.

Northern Oil & Gas (NYSEAMERICAN:NOG) last issued its earnings results on Thursday, August 9th. The energy company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $96.78 million for the quarter, compared to analysts’ expectations of $95.20 million.

Northern Oil & Gas Company Profile

Northern Oil and Gas, Inc, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company primarily holds interests in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana.

Further Reading: Price to Earnings Ratio (PE) Basics

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Institutional Ownership by Quarter for Northern Oil & Gas (NYSEAMERICAN:NOG)

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