Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) major shareholder Robert B. Rowling bought 1,000,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was bought at an average price of $2.23 per share, with a total value of $2,230,000.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

NYSEAMERICAN:NOG traded up $0.12 during mid-day trading on Thursday, hitting $2.39. 7,378,000 shares of the company’s stock traded hands, compared to its average volume of 4,828,542. Northern Oil & Gas, Inc. has a twelve month low of $1.87 and a twelve month high of $4.49.

Northern Oil & Gas (NYSEAMERICAN:NOG) last announced its earnings results on Thursday, May 9th. The energy company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.05). The company had revenue of $132.68 million during the quarter, compared to the consensus estimate of $142.86 million.

NOG has been the subject of a number of research analyst reports. Zacks Investment Research raised Northern Oil & Gas from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Northland Securities set a $5.00 price target on Northern Oil & Gas and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. TheStreet raised Northern Oil & Gas from a “d” rating to a “c” rating in a research report on Wednesday, March 13th. SunTrust Banks set a $5.00 target price on Northern Oil & Gas and gave the company a “buy” rating in a research report on Thursday, March 21st. Finally, Imperial Capital set a $3.00 target price on Northern Oil & Gas and gave the company a “hold” rating in a research report on Wednesday, January 23rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Northern Oil & Gas presently has an average rating of “Buy” and a consensus target price of $3.92.

A number of large investors have recently made changes to their positions in the stock. Crestview Partners III GP L.P. purchased a new stake in Northern Oil & Gas during the 4th quarter valued at about $109,862,000. BlackRock Inc. raised its holdings in Northern Oil & Gas by 1.3% in the 1st quarter. BlackRock Inc. now owns 13,785,297 shares of the energy company’s stock worth $37,771,000 after purchasing an additional 171,432 shares during the period. Millennium Management LLC raised its holdings in Northern Oil & Gas by 9,921.3% in the 4th quarter. Millennium Management LLC now owns 11,124,026 shares of the energy company’s stock worth $25,140,000 after purchasing an additional 11,013,022 shares during the period. Vanguard Group Inc. raised its holdings in Northern Oil & Gas by 21.5% in the 3rd quarter. Vanguard Group Inc. now owns 10,675,890 shares of the energy company’s stock worth $42,704,000 after purchasing an additional 1,891,771 shares during the period. Finally, Vanguard Group Inc raised its holdings in Northern Oil & Gas by 21.5% in the 3rd quarter. Vanguard Group Inc now owns 10,675,890 shares of the energy company’s stock worth $42,704,000 after purchasing an additional 1,891,771 shares during the period.

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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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