71 hedge funds sold their entire positions in Northern Oil and Gas, Inc. (NOG)

Northern Oil and Gas, Inc. (NYSE:NOG) went up to recover about 361% since recording its record low price of $0.63. The stock experienced 14.23% jump, arriving at $2.89 on 01/11/2018. During the day, the stock price traveled from $2.57 to $2.93. This company shares are -17.65% up from its target price of $2.38 and the current market capitalization stands at $201.95M. The recent change has given its price a 85.42% lead over SMA 50 and -27.75% deficit over its 52-week high. The stock witnessed 72.02% gains, 240% gains and 140.83% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NOG’s volatility during a week at 10.82% and during a month it has been found around 10.54%.

Northern Oil and Gas, Inc. (NOG) Top Holders

Institutional investors currently hold around $54 million or 31.9% in NOG stock. Look at its top three institutional owners. Elliott Associates, L.P. owns $11.6 million in Northern Oil and Gas, Inc., which represents roughly 5.74% of the company’s market cap and approximately 21.47% of the institutional ownership. Similar statistics are true for the second largest owner, Us Bancorp De, which owns 2,720,400 shares of the stock are valued at $6.88 million. The third largest holder is Vanguard Group Inc, which currently holds $5.42 million worth of this stock and that ownership represents nearly 2.68% of its market capitalization.

Northern Oil and Gas, Inc. 13F Filings

At the end of 09/30/2017 reporting period, 18 institutional holders increased their position in Northern Oil and Gas, Inc. (NYSE:NOG) by some 3,124,081 shares, 71 decreased positions by 11,723,290 and 17 held positions by 6,404,513. That puts total institutional holdings at 21,251,884 shares, according to SEC filings. The stock grabbed 6 new institutional investments totaling 1,259,603 shares while 46 institutional investors sold out their entire positions totaling 5,735,789 shares.

Northern Oil and Gas, Inc. (NYSE:NOG) Insider Trades

Multiple company employees have indulged in significant insider trading. Northern Oil and Gas, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Grabb Robert has sold 5,000 shares of Northern Oil and Gas, Inc. (NOG) in trading session dated Nov. 24, 2017. These shares are worth $6,250 and were traded at $1.25 each. The SEC filing shows that Rowling Robert B. performed a purchase of 259,520 shares. The 10% Owner added these shares by way of transaction on Feb. 25, 2016. The company’s shares were assimilated at $2.66 per share worth to an investment of some $690,323 on account of Rowling Robert B..

10% Owner, Rowling Robert B., purchased 498,804 common shares of Northern Oil and Gas, Inc. (NOG) in the open market. In a transaction dated Feb. 23, 2016, the shares were bought at an average price of $2.72, giving away a sum of $1,356,747. After this purchase, 12,202,365 common shares of NOG are directly owned by the insider, with total stake valued at $35,264,835.

In the transaction dated Feb. 18, 2016, the great number of shares acquired came courtesy the 10% Owner; Rowling Robert B. added a total of 371,495 shares at an average price of $2.97, amounting to approximately $1,103,340. The insider now directly owns 11,703,561 shares worth $33,823,291.

Northern Oil and Gas, Inc. (NOG) Analyst Guide

Several analysts have released their opinion on Northern Oil and Gas, Inc. (NYSE:NOG), with 0 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 3.67 average brokerage recommendation.

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