FMR LLC acquired a new stake in shares of Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,313,766 shares of the energy company’s stock, valued at approximately $5,255,000. FMR LLC owned approximately 0.44% of Northern Oil & Gas as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in NOG. Raymond James Financial Services Advisors Inc. grew its stake in shares of Northern Oil & Gas by 151.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,509 shares of the energy company’s stock worth $112,000 after acquiring an additional 21,374 shares during the period. Voya Investment Management LLC purchased a new position in Northern Oil & Gas during the second quarter valued at approximately $123,000. Metropolitan Life Insurance Co. NY purchased a new position in Northern Oil & Gas during the second quarter valued at approximately $127,000. CAPROCK Group Inc. purchased a new position in Northern Oil & Gas during the third quarter valued at approximately $156,000. Finally, MetLife Investment Advisors LLC purchased a new position in Northern Oil & Gas during the second quarter valued at approximately $179,000.
NOG opened at $2.50 on Friday. Northern Oil & Gas, Inc. has a 52-week low of $1.47 and a 52-week high of $4.49.
Northern Oil & Gas (NYSEAMERICAN:NOG) last issued its quarterly earnings results on Thursday, November 8th. The energy company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). The company had revenue of $102.27 million for the quarter, compared to the consensus estimate of $119.05 million.
Several equities research analysts recently weighed in on NOG shares. SunTrust Banks restated a “buy” rating and issued a $4.00 price target on shares of Northern Oil & Gas in a research report on Thursday, November 29th. Zacks Investment Research lowered shares of Northern Oil & Gas from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $4.17.
In other Northern Oil & Gas news, major shareholder Crestview Partners Iii Gp, L.P sold 2,865,329 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $3.49, for a total value of $9,999,998.21. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
About Northern Oil & Gas
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.
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