Northern Oil & Gas, Inc. (NOG) Holdings Reduced by Jefferies Group LLC

Jefferies Group LLC decreased its position in shares of Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) by 23.2% in the third quarter, HoldingsChannel reports. The firm owned 2,570,610 shares of the energy company’s stock after selling 776,910 shares during the quarter. Jefferies Group LLC’s holdings in Northern Oil & Gas were worth $10,282,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Allianz Asset Management GmbH grew its position in shares of Northern Oil & Gas by 349.6% during the third quarter. Allianz Asset Management GmbH now owns 1,519,015 shares of the energy company’s stock valued at $6,076,000 after purchasing an additional 1,181,166 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of Northern Oil & Gas by 1,189.8% during the third quarter. GSA Capital Partners LLP now owns 329,279 shares of the energy company’s stock valued at $1,317,000 after purchasing an additional 303,749 shares in the last quarter. United Services Automobile Association grew its position in shares of Northern Oil & Gas by 1,444.2% during the third quarter. United Services Automobile Association now owns 416,507 shares of the energy company’s stock valued at $1,666,000 after purchasing an additional 389,534 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Northern Oil & Gas by 2,892.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,170,515 shares of the energy company’s stock valued at $12,681,000 after purchasing an additional 3,064,550 shares in the last quarter. Finally, Caymus Capital Partners L.P. purchased a new position in Northern Oil & Gas in the third quarter worth about $14,392,000.

In other Northern Oil & Gas news, major shareholder Crestview Partners Iii Gp, L.P sold 2,865,329 shares of the stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $3.49, for a total value of $9,999,998.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NOG opened at $2.45 on Friday. Northern Oil & Gas, Inc. has a twelve month low of $1.45 and a twelve month high of $4.49.

Northern Oil & Gas (NYSEAMERICAN:NOG) last released its quarterly earnings data on Thursday, November 8th. The energy company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). The business had revenue of $102.27 million for the quarter, compared to the consensus estimate of $119.05 million.

Several research analysts recently commented on the company. Zacks Investment Research lowered Northern Oil & Gas from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. SunTrust Banks reaffirmed a “buy” rating and set a $4.00 price target on shares of Northern Oil & Gas in a research note on Thursday, November 29th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $4.17.

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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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Institutional Ownership by Quarter for Northern Oil & Gas (NYSEAMERICAN:NOG)

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