Northern Oil & Gas, Inc. (NOG) Major Shareholder Robert B. Rowling Purchases 1,000,000 Shares
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.
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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