111 Capital Takes $316,000 Position in Magnolia Oil & Gas Corp $MGY

111 Capital acquired a new stake in Magnolia Oil & Gas Corp (NYSE:MGY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 14,066 shares of the company’s stock, valued at approximately $316,000.

Other hedge funds also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in shares of Magnolia Oil & Gas in the 1st quarter valued at about $30,000. Parallel Advisors LLC grew its holdings in shares of Magnolia Oil & Gas by 122.8% in the 1st quarter. Parallel Advisors LLC now owns 2,308 shares of the company’s stock valued at $58,000 after acquiring an additional 1,272 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Magnolia Oil & Gas by 16.8% in the 1st quarter. Farther Finance Advisors LLC now owns 4,366 shares of the company’s stock valued at $111,000 after acquiring an additional 629 shares in the last quarter. GAMMA Investing LLC lifted its stake in Magnolia Oil & Gas by 98.6% in the 2nd quarter. GAMMA Investing LLC now owns 5,009 shares of the company’s stock valued at $113,000 after purchasing an additional 2,487 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Magnolia Oil & Gas by 34.3% during the first quarter. Smartleaf Asset Management LLC now owns 5,072 shares of the company’s stock worth $128,000 after purchasing an additional 1,295 shares during the period. Institutional investors own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MGY. Weiss Ratings reiterated a “hold (c)” rating on shares of Magnolia Oil & Gas in a report on Saturday, September 27th. William Blair began coverage on Magnolia Oil & Gas in a report on Monday, August 25th. They set an “outperform” rating for the company. Mizuho reduced their price target on Magnolia Oil & Gas from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Wells Fargo & Company reduced their price target on Magnolia Oil & Gas from $22.00 to $21.00 and set an “underweight” rating for the company in a report on Monday, June 16th. Finally, Citigroup reiterated a “sell” rating on shares of Magnolia Oil & Gas in a report on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Magnolia Oil & Gas currently has a consensus rating of “Hold” and an average target price of $26.42.

Magnolia Oil & Gas Trading Up 1.3%

Shares of MGY stock opened at $23.94 on Tuesday. The firm has a 50 day moving average price of $24.05 and a two-hundred day moving average price of $23.10. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $4.57 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 3.10 and a beta of 1.24. Magnolia Oil & Gas Corp has a 12-month low of $19.09 and a 12-month high of $29.02.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm had revenue of $318.98 million during the quarter, compared to the consensus estimate of $311.58 million. Magnolia Oil & Gas had a net margin of 27.57% and a return on equity of 19.34%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. As a group, analysts predict that Magnolia Oil & Gas Corp will post 2.1 earnings per share for the current year.

Magnolia Oil & Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were given a dividend of $0.15 per share. The ex-dividend date was Monday, August 11th. This represents a $0.60 annualized dividend and a yield of 2.5%. Magnolia Oil & Gas’s dividend payout ratio (DPR) is 31.41%.

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.