Northern Oil & Gas, Inc. (NOG) Stake Raised by Meghalaya Partners L.P.

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Meghalaya Partners L.P. grew its position in shares of Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) by 176.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,762,000 shares of the energy company’s stock after buying an additional 1,762,000 shares during the quarter. Northern Oil & Gas accounts for 5.1% of Meghalaya Partners L.P.’s portfolio, making the stock its 8th largest position. Meghalaya Partners L.P.’s holdings in Northern Oil & Gas were worth $6,242,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Crestview Partners III GP L.P. purchased a new stake in shares of Northern Oil & Gas during the fourth quarter valued at approximately $109,862,000. BlackRock Inc. grew its holdings in shares of Northern Oil & Gas by 2.1% during the fourth quarter. BlackRock Inc. now owns 13,613,865 shares of the energy company’s stock valued at $30,767,000 after buying an additional 283,480 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Northern Oil & Gas by 21.5% during the third quarter. Vanguard Group Inc now owns 10,675,890 shares of the energy company’s stock valued at $42,704,000 after buying an additional 1,891,771 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Northern Oil & Gas by 21.5% during the third quarter. Vanguard Group Inc. now owns 10,675,890 shares of the energy company’s stock valued at $42,704,000 after buying an additional 1,891,771 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Northern Oil & Gas by 57.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,995,137 shares of the energy company’s stock valued at $11,290,000 after buying an additional 1,824,622 shares during the last quarter.

In related news, major shareholder Crestview Partners Iii Gp, L.P sold 4,198,650 shares of the firm’s stock in a transaction on Wednesday, January 16th. The shares were sold at an average price of $2.96, for a total transaction of $12,428,004.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 10,147,584 shares of company stock valued at $27,248,208 over the last ninety days.

NOG has been the topic of a number of research analyst reports. SunTrust Banks restated a “buy” rating and set a $4.00 price objective on shares of Northern Oil & Gas in a research report on Thursday, November 29th. Northland Securities reiterated a “buy” rating and issued a $5.00 price target on shares of Northern Oil & Gas in a research report on Monday. TheStreet upgraded shares of Northern Oil & Gas from a “d” rating to a “c” rating in a research report on Wednesday, March 13th. Imperial Capital set a $3.00 price target on shares of Northern Oil & Gas and gave the stock a “hold” rating in a research report on Wednesday, January 23rd. Finally, Zacks Investment Research upgraded shares of Northern Oil & Gas from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $4.00.

NOG opened at $2.44 on Tuesday. Northern Oil & Gas, Inc. has a 1-year low of $1.47 and a 1-year high of $4.49.

Northern Oil & Gas (NYSEAMERICAN:NOG) last posted its earnings results on Tuesday, March 12th. The energy company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.11. The company had revenue of $152.57 million for the quarter, compared to analysts’ expectations of $159.29 million.

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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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