Hunter Perkins Capital Management LLC Has $8.01 Million Holdings in Magnolia Oil & Gas Co. (NYSE:MGY)

Hunter Perkins Capital Management LLC trimmed its position in Magnolia Oil & Gas Co. (NYSE:MGY) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 342,565 shares of the company’s stock after selling 35,305 shares during the quarter. Magnolia Oil & Gas makes up approximately 1.7% of Hunter Perkins Capital Management LLC’s portfolio, making the stock its 21st largest position. Hunter Perkins Capital Management LLC owned approximately 0.17% of Magnolia Oil & Gas worth $8,009,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. KBC Group NV raised its stake in Magnolia Oil & Gas by 52.2% during the 4th quarter. KBC Group NV now owns 7,757 shares of the company’s stock valued at $181,000 after purchasing an additional 2,662 shares during the period. Exchange Traded Concepts LLC raised its position in Magnolia Oil & Gas by 3.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 35,694 shares of the company’s stock valued at $835,000 after buying an additional 1,049 shares during the period. Avior Wealth Management LLC lifted its stake in Magnolia Oil & Gas by 30.0% in the 4th quarter. Avior Wealth Management LLC now owns 2,194 shares of the company’s stock worth $51,000 after acquiring an additional 506 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in Magnolia Oil & Gas during the 4th quarter worth about $912,000. Finally, Albert D Mason Inc. grew its stake in Magnolia Oil & Gas by 0.7% during the 4th quarter. Albert D Mason Inc. now owns 61,497 shares of the company’s stock valued at $1,438,000 after acquiring an additional 411 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Magnolia Oil & Gas Stock Down 1.9 %

Shares of MGY stock opened at $25.40 on Monday. The stock’s 50 day simple moving average is $25.48 and its 200 day simple moving average is $25.53. Magnolia Oil & Gas Co. has a twelve month low of $19.53 and a twelve month high of $29.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 3.26 and a beta of 2.00.

Magnolia Oil & Gas (NYSE:MGY) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $333.14 million for the quarter, compared to analyst estimates of $331.45 million. Magnolia Oil & Gas had a net margin of 28.88% and a return on equity of 20.78%. As a group, research analysts predict that Magnolia Oil & Gas Co. will post 1.98 EPS for the current year.

Wall Street Analyst Weigh In

MGY has been the subject of a number of research analyst reports. Benchmark reissued a “hold” rating on shares of Magnolia Oil & Gas in a research report on Tuesday, October 15th. Truist Financial increased their target price on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Mizuho upped their price target on shares of Magnolia Oil & Gas from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Bank of America reissued a “neutral” rating and set a $28.00 price objective (down previously from $29.00) on shares of Magnolia Oil & Gas in a research report on Monday, January 13th. Finally, Wells Fargo & Company lowered Magnolia Oil & Gas from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $26.00 to $22.00 in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.58.

Magnolia Oil & Gas Profile

Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX.