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

Albert D Mason Inc. grew its stake in shares of Magnolia Oil & Gas Co. (NYSE:MGY) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Argent Capital Management LLC increased its position in shares of Magnolia Oil & Gas by 36.7% during the fourth quarter. Argent Capital Management LLC now owns 53,720 shares of the company’s stock worth $1,256,000 after purchasing an additional 14,430 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Magnolia Oil & Gas by 30.8% in the fourth quarter. Park Avenue Securities LLC now owns 13,336 shares of the company’s stock valued at $312,000 after acquiring an additional 3,142 shares during the period. Fulton Bank N.A. increased its holdings in shares of Magnolia Oil & Gas by 10.9% in the 4th quarter. Fulton Bank N.A. now owns 11,534 shares of the company’s stock valued at $270,000 after acquiring an additional 1,129 shares during the period. Oliver Luxxe Assets LLC raised its position in Magnolia Oil & Gas by 6.2% in the 4th quarter. Oliver Luxxe Assets LLC now owns 93,048 shares of the company’s stock valued at $2,175,000 after purchasing an additional 5,424 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in Magnolia Oil & Gas by 1.3% during the 4th quarter. Nordea Investment Management AB now owns 422,341 shares of the company’s stock worth $9,938,000 after purchasing an additional 5,455 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MGY shares. Wells Fargo & Company downgraded shares of Magnolia Oil & Gas from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $26.00 to $22.00 in a research note on Tuesday, October 1st. Siebert Williams Shank cut Magnolia Oil & Gas from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research note on Tuesday, October 15th. Piper Sandler cut their price objective on shares of Magnolia Oil & Gas from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Bank of America reiterated a “neutral” rating and set a $28.00 price target (down from $29.00) on shares of Magnolia Oil & Gas in a research note on Monday, January 13th. Finally, Mizuho lifted their price objective on Magnolia Oil & Gas from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Magnolia Oil & Gas presently has an average rating of “Hold” and a consensus target price of $27.58.

Magnolia Oil & Gas Stock Performance

Shares of MGY opened at $26.54 on Friday. The company has a 50-day moving average of $25.60 and a two-hundred day moving average of $25.52. The stock has a market cap of $5.22 billion, a P/E ratio of 13.14, a PEG ratio of 1.25 and a beta of 2.00. Magnolia Oil & Gas Co. has a 12-month low of $19.16 and a 12-month high of $29.02. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20.

Magnolia Oil & Gas (NYSE:MGY) last announced its 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. Magnolia Oil & Gas had a return on equity of 20.78% and a net margin of 28.88%. The firm had revenue of $333.14 million for the quarter, compared to analysts’ expectations of $331.45 million. As a group, research analysts predict that Magnolia Oil & Gas Co. will post 2 EPS for the current fiscal year.

Magnolia Oil & Gas Announces Dividend

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

About Magnolia Oil & Gas

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.