Morgan Stanley Has $407,000 Stake in Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG)

Morgan Stanley increased its stake in shares of Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) by 53.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 210,665 shares of the energy company’s stock after acquiring an additional 73,274 shares during the period. Morgan Stanley owned about 0.05% of Northern Oil & Gas worth $407,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Marshall Wace North America L.P. raised its holdings in shares of Northern Oil & Gas by 40.6% during the second quarter. Marshall Wace North America L.P. now owns 300,573 shares of the energy company’s stock worth $580,000 after acquiring an additional 86,794 shares during the period. Balyasny Asset Management LLC raised its holdings in shares of Northern Oil & Gas by 2,490.8% during the second quarter. Balyasny Asset Management LLC now owns 5,621,492 shares of the energy company’s stock worth $10,849,000 after acquiring an additional 5,404,511 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of Northern Oil & Gas during the second quarter worth $367,000. Invesco Ltd. raised its holdings in shares of Northern Oil & Gas by 43.6% during the second quarter. Invesco Ltd. now owns 5,238,514 shares of the energy company’s stock worth $10,111,000 after acquiring an additional 1,589,912 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Northern Oil & Gas by 2.8% during the second quarter. Vanguard Group Inc. now owns 12,830,450 shares of the energy company’s stock worth $24,763,000 after acquiring an additional 344,964 shares during the period.

Separately, Zacks Investment Research upgraded shares of Northern Oil & Gas from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $3.88.

NOG stock traded up $0.08 during midday trading on Tuesday, hitting $2.15. The company’s stock had a trading volume of 113,251 shares, compared to its average volume of 5,678,452. Northern Oil & Gas, Inc. has a twelve month low of $1.40 and a twelve month high of $3.15.

In other Northern Oil & Gas news, major shareholder Robert B. Rowling purchased 985,100 shares of the stock in a transaction on Friday, August 16th. The shares were purchased at an average cost of $1.60 per share, for a total transaction of $1,576,160.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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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