Magnolia Oil & Gas Co. (NYSE:MGY) Shares Purchased by Albert D Mason Inc.

Albert D Mason Inc. raised its stake in Magnolia Oil & Gas Co. (NYSE:MGY) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,497 shares of the company’s stock after purchasing an additional 411 shares during the quarter. Albert D Mason Inc.’s holdings in Magnolia Oil & Gas were worth $1,438,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in MGY. Harbor Capital Advisors Inc. acquired a new position in Magnolia Oil & Gas in the third quarter valued at $25,000. First Horizon Advisors Inc. raised its holdings in shares of Magnolia Oil & Gas by 64.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,008 shares of the company’s stock worth $25,000 after purchasing an additional 396 shares during the period. GAMMA Investing LLC lifted its stake in shares of Magnolia Oil & Gas by 62.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,609 shares of the company’s stock valued at $64,000 after purchasing an additional 1,002 shares in the last quarter. Covestor Ltd grew its holdings in shares of Magnolia Oil & Gas by 36.8% during the 3rd quarter. Covestor Ltd now owns 2,986 shares of the company’s stock worth $73,000 after purchasing an additional 804 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in Magnolia Oil & Gas during the 3rd quarter worth approximately $90,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

Magnolia Oil & Gas Trading Down 0.2 %

Shares of MGY opened at $26.54 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.47. Magnolia Oil & Gas Co. has a one year low of $19.16 and a one year high of $29.02. The stock has a 50-day moving average price of $25.60 and a 200 day moving average price of $25.52. The company has a market capitalization of $5.22 billion, a P/E ratio of 13.14, a P/E/G ratio of 1.25 and a beta of 2.00.

Magnolia Oil & Gas (NYSE:MGY) last released its earnings results on Wednesday, October 30th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $333.14 million during the quarter, compared to analysts’ expectations of $331.45 million. Magnolia Oil & Gas had a return on equity of 20.78% and a net margin of 28.88%. Sell-side analysts forecast that Magnolia Oil & Gas Co. will post 2 EPS for the current fiscal year.

Magnolia Oil & Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 8th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Friday, November 8th. Magnolia Oil & Gas’s payout ratio is currently 25.74%.

Analyst Ratings Changes

A number of research analysts have weighed in on MGY shares. Mizuho lifted their price target on shares of Magnolia Oil & Gas from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Piper Sandler reduced their target price on shares of Magnolia Oil & Gas from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Truist Financial increased their price target on Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a “buy” rating in a report on Monday, January 13th. Siebert Williams Shank lowered Magnolia Oil & Gas from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research report on Tuesday, October 15th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $28.00 target price (down previously from $29.00) on shares of Magnolia Oil & Gas in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.