Virtus Advisers LLC Invests $372,000 in Northern Oil and Gas, Inc. $NOG

Virtus Advisers LLC purchased a new stake in shares of Northern Oil and Gas, Inc. (NYSE:NOG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,502 shares of the company’s stock, valued at approximately $372,000.

Several other hedge funds have also made changes to their positions in NOG. Ascentis Independent Advisors acquired a new position in Northern Oil and Gas in the 1st quarter worth approximately $33,000. Jones Financial Companies Lllp grew its position in Northern Oil and Gas by 181.0% during the 1st quarter. Jones Financial Companies Lllp now owns 1,107 shares of the company’s stock worth $33,000 after purchasing an additional 713 shares in the last quarter. Global Retirement Partners LLC raised its stake in Northern Oil and Gas by 572.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,682 shares of the company’s stock valued at $36,000 after purchasing an additional 1,432 shares during the period. Plato Investment Management Ltd acquired a new stake in Northern Oil and Gas during the 4th quarter valued at $43,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Northern Oil and Gas by 429.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,514 shares of the company’s stock valued at $43,000 after purchasing an additional 1,228 shares in the last quarter. Hedge funds and other institutional investors own 98.80% of the company’s stock.

Insider Activity

In other news, Director Bahram Akradi acquired 25,760 shares of Northern Oil and Gas stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average price of $19.40 per share, with a total value of $499,744.00. Following the completion of the transaction, the director owned 1,713,444 shares in the company, valued at approximately $33,240,813.60. This trade represents a 1.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Northern Oil and Gas News Summary

Here are the key news stories impacting Northern Oil and Gas this week:

• Positive Sentiment: Near-term earnings estimates improved: Zacks Research raised its Q3 2026 EPS forecast to $0.81 from $0.77 and lifted its FY2026 estimate to $3.42 from $3.13. The analyst also increased its FY2028 estimate slightly to $3.38 from $3.35. These changes suggest better expected near-term operating performance, although the FY2026 estimate remains below the broader consensus of $3.60. Zacks Research earnings estimate revisions
• Neutral Sentiment: Former NOG executive joins Williston Basin transaction: Callan JMB’s Callan Power plans to acquire Reger Oil assets in the Williston Basin, with Northern Oil and Gas’ former CEO and founder Michael Reger named president. The announcement may draw attention to regional consolidation and management expertise but does not represent a direct transaction by NOG. Callan Power to acquire Reger Oil assets
• Negative Sentiment: Longer-term earnings expectations were cut: Zacks lowered its Q4 2026 EPS forecast to $0.74 from $0.84, Q1 2027 to $0.90 from $0.93, Q3 2027 to $0.68 from $0.69, and FY2027 to $3.12 from $3.22. The reductions indicate some pressure on expected earnings growth beyond 2026. Zacks Research earnings estimate revisions
• Negative Sentiment: Debt financing adds interest-cost and leverage concerns: NOG priced a private offering of $500 million in 7.500% senior notes. The capital may provide financial flexibility, but the high coupon increases future interest expense and adds to balance-sheet obligations. NOG announces senior notes offering

Northern Oil and Gas Stock Up 1.4%

Northern Oil and Gas stock opened at $27.30 on Friday. Northern Oil and Gas, Inc. has a twelve month low of $17.18 and a twelve month high of $31.17. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $2.91 billion, a PE ratio of -5.27 and a beta of 0.70. The firm’s 50 day moving average price is $20.90 and its two-hundred day moving average price is $24.15.

Northern Oil and Gas (NYSE:NOG) last issued its earnings results on Thursday, August 6th. The company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). Northern Oil and Gas had a negative net margin of 25.35% and a positive return on equity of 18.69%. The company had revenue of $745.24 million for the quarter, compared to analyst estimates of $594.09 million. During the same period last year, the business earned $1.37 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts predict that Northern Oil and Gas, Inc. will post 3.79 EPS for the current fiscal year.

Northern Oil and Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, September 29th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Tuesday, September 29th. Northern Oil and Gas’s dividend payout ratio (DPR) is currently -34.75%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NOG. Raymond James Financial reaffirmed an “outperform” rating and issued a $28.00 target price on shares of Northern Oil and Gas in a research report on Wednesday, July 15th. Citigroup dropped their price target on Northern Oil and Gas from $36.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Morgan Stanley set a $25.00 price objective on Northern Oil and Gas and gave the stock an “underweight” rating in a research note on Monday, June 29th. Mizuho upgraded Northern Oil and Gas to a “hold” rating in a research report on Friday, July 31st. Finally, Johnson Rice cut Northern Oil and Gas from an “accumulate” rating to a “hold” rating and set a $36.00 target price on the stock. in a research note on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $30.62.

About Northern Oil and Gas

Northern Oil and Gas, Inc is a publicly traded independent energy company focused on the acquisition, exploration and development of oil and natural gas resources in the United States. The company’s primary operations are concentrated in the Williston Basin, where it secures acreage positions and partners with drilling operators to advance upstream projects. Through strategic leasehold acquisitions and joint ventures, Northern Oil and Gas seeks to expand its footprint in both conventional and unconventional reservoirs.

Northern Oil and Gas employs horizontal drilling and hydraulic fracturing technologies to develop unconventional resource plays, particularly in the Bakken, Three Forks and Red River formations of North Dakota and Montana.