Swiss National Bank maintained its stake in Northern Oil & Gas, Inc. (NYSEMKT:NOG) during the second quarter, Holdings Channel reports. The firm owned 90,850 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned about 0.15% of Northern Oil & Gas worth $420,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its position in shares of Northern Oil & Gas by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 23,800 shares of the company’s stock valued at $110,000 after buying an additional 600 shares during the period. Royal Bank of Canada raised its stake in shares of Northern Oil & Gas by 13.2% in the first quarter. Royal Bank of Canada now owns 42,998 shares of the company’s stock worth $171,000 after buying an additional 5,015 shares in the last quarter. Societe Generale acquired a new stake in shares of Northern Oil & Gas during the second quarter worth $208,000. Metropolitan Life Insurance Co. NY raised its stake in shares of Northern Oil & Gas by 8.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 52,866 shares of the company’s stock worth $211,000 after buying an additional 4,182 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Northern Oil & Gas during the first quarter worth $380,000.
Shares of Northern Oil & Gas, Inc. (NYSEMKT:NOG) traded up 2.08% during midday trading on Wednesday, hitting $2.45. The stock had a trading volume of 139,551 shares. Northern Oil & Gas, Inc. has a one year low of $1.99 and a one year high of $5.86. The firm has a 50 day moving average of $2.78 and a 200-day moving average of $4.02. The company’s market cap is $149.92 million.
Northern Oil & Gas (NYSEMKT:NOG) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The firm earned $32.10 million during the quarter, compared to analyst estimates of $55.82 million. During the same period in the prior year, the business posted $0.19 EPS. The company’s revenue for the quarter was down 21.3% on a year-over-year basis. On average, analysts forecast that Northern Oil & Gas, Inc. will post $0.12 earnings per share for the current fiscal year.
Separately, Zacks Investment Research lowered Northern Oil & Gas from a “hold” rating to a “sell” rating in a report on Wednesday, October 12th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company has an average rating of “Hold” and an average price target of $4.45.
About Northern Oil & Gas
Northern Oil and Gas, Inc is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. The Company holds working interests in over 2,630 gross (204.3 net) producing wells, including over 2,630 wells targeting the Bakken and Three Forks formations and over two wells targeting other formations.
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