Swiss National Bank Has $8.22 Million Stake in Magnolia Oil & Gas Co. (NYSE:MGY)

Swiss National Bank boosted its stake in Magnolia Oil & Gas Co. (NYSE:MGY) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,500 shares of the company’s stock after buying an additional 16,000 shares during the quarter. Swiss National Bank owned approximately 0.18% of Magnolia Oil & Gas worth $8,218,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MGY. OneDigital Investment Advisors LLC boosted its stake in Magnolia Oil & Gas by 6.5% in the third quarter. OneDigital Investment Advisors LLC now owns 15,304 shares of the company’s stock worth $374,000 after purchasing an additional 933 shares in the last quarter. Natixis Advisors LLC boosted its stake in Magnolia Oil & Gas by 3.5% in the third quarter. Natixis Advisors LLC now owns 96,936 shares of the company’s stock worth $2,367,000 after purchasing an additional 3,238 shares in the last quarter. Pathstone Holdings LLC boosted its stake in Magnolia Oil & Gas by 17.0% in the third quarter. Pathstone Holdings LLC now owns 197,289 shares of the company’s stock worth $4,818,000 after purchasing an additional 28,677 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Magnolia Oil & Gas by 1.0% in the third quarter. PNC Financial Services Group Inc. now owns 52,834 shares of the company’s stock worth $1,290,000 after purchasing an additional 548 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Magnolia Oil & Gas by 2.2% in the third quarter. Jennison Associates LLC now owns 23,836 shares of the company’s stock worth $582,000 after purchasing an additional 506 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insider Buying and Selling

In other news, CEO Christopher G. Stavros acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of $22.05 per share, for a total transaction of $55,125.00. Following the completion of the acquisition, the chief executive officer now owns 892,372 shares in the company, valued at $19,676,802.60. This represents a 0.28 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Magnolia Oil & Gas Stock Down 1.2 %

Shares of Magnolia Oil & Gas stock opened at $25.03 on Friday. Magnolia Oil & Gas Co. has a 1 year low of $21.63 and a 1 year high of $29.02. The business has a 50-day moving average of $24.16 and a two-hundred day moving average of $25.01. The company has a market capitalization of $4.86 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 3.01 and a beta of 1.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 1.47.

Magnolia Oil & Gas (NYSE:MGY) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $326.61 million during the quarter, compared to the consensus estimate of $327.40 million. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. As a group, equities analysts predict that Magnolia Oil & Gas Co. will post 2.1 EPS for the current year.

Magnolia Oil & Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.40%. Magnolia Oil & Gas’s dividend payout ratio (DPR) is presently 31.09%.

Wall Street Analyst Weigh In

MGY has been the topic of several research reports. Piper Sandler upped their price target on Magnolia Oil & Gas from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Williams Trading set a $29.00 price target on Magnolia Oil & Gas in a research note on Wednesday, March 5th. Truist Financial upped their price objective on Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a “buy” rating in a report on Monday, January 13th. Mizuho upped 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. Finally, Johnson Rice downgraded Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.77.

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.