ClariVest Asset Management LLC raised its holdings in shares of Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) by 17.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,529,553 shares of the energy company’s stock after acquiring an additional 221,767 shares during the period. ClariVest Asset Management LLC owned approximately 0.40% of Northern Oil & Gas worth $3,457,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Northern Oil & Gas by 59.3% in the 3rd quarter. BlackRock Inc. now owns 13,330,385 shares of the energy company’s stock worth $53,321,000 after buying an additional 4,961,556 shares in the last quarter. Vanguard Group Inc grew its stake in Northern Oil & Gas by 21.5% in the third quarter. Vanguard Group Inc now owns 10,675,890 shares of the energy company’s stock valued at $42,704,000 after purchasing an additional 1,891,771 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Northern Oil & Gas by 21.5% during the 3rd quarter. Vanguard Group Inc. now owns 10,675,890 shares of the energy company’s stock worth $42,704,000 after acquiring an additional 1,891,771 shares in the last quarter. Caymus Capital Partners L.P. bought a new stake in shares of Northern Oil & Gas during the 3rd quarter worth about $14,392,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Northern Oil & Gas by 2,892.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,170,515 shares of the energy company’s stock worth $12,681,000 after acquiring an additional 3,064,550 shares in the last quarter.
Several equities analysts have commented on the company. SunTrust Banks reaffirmed a “buy” rating and issued a $4.00 price target on shares of Northern Oil & Gas in a report on Thursday, November 29th. Zacks Investment Research lowered Northern Oil & Gas from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. Finally, Imperial Capital set a $3.00 price target on Northern Oil & Gas and gave the stock a “hold” rating in a research report on Wednesday, January 23rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Northern Oil & Gas currently has a consensus rating of “Buy” and a consensus price target of $4.17.
NYSEAMERICAN NOG opened at $2.42 on Thursday. Northern Oil & Gas, Inc. has a one year low of $1.47 and a one year high of $4.49.
In other Northern Oil & Gas news, major shareholder Crestview Partners Iii Gp, L.P sold 759,136 shares of the stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $2.68, for a total value of $2,034,484.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 8,728,369 shares of company stock worth $23,706,396 over the last quarter.
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.
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