Eisler Capital Management Ltd. Buys Shares of 18,823 Magnolia Oil & Gas Corp $MGY

Key Points

• During Q1, Eisler Capital Management Ltd. acquired 18,823 shares of Magnolia Oil & Gas Corp valued at approximately $475,000, reflecting growing institutional interest in the company.
• A recent report from UBS Group restated a "buy" rating and increased the price target for Magnolia Oil & Gas from $26.00 to $29.00, indicating positive market sentiment.
• Magnolia Oil & Gas announced a quarterly dividend of $0.15 per share set to be paid on September 2nd, representing a dividend yield of 2.4% and a payout ratio of 31.41%.

Eisler Capital Management Ltd. purchased a new stake in shares of Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 18,823 shares of the company's stock, valued at approximately $475,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Keeley Teton Advisors LLC lifted its position in Magnolia Oil & Gas by 36.4% during the first quarter. Keeley Teton Advisors LLC now owns 47,556 shares of the company's stock valued at $1,201,000 after buying an additional 12,687 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Magnolia Oil & Gas by 1,382.9% during the first quarter. Jane Street Group LLC now owns 1,059,335 shares of the company's stock valued at $26,759,000 after purchasing an additional 987,896 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Magnolia Oil & Gas during the first quarter valued at approximately $1,273,000. Oliver Luxxe Assets LLC raised its stake in shares of Magnolia Oil & Gas by 7.7% during the first quarter. Oliver Luxxe Assets LLC now owns 94,377 shares of the company's stock valued at $2,384,000 after purchasing an additional 6,753 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Magnolia Oil & Gas by 34.3% during the first quarter. Smartleaf Asset Management LLC now owns 5,072 shares of the company's stock valued at $128,000 after purchasing an additional 1,295 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Magnolia Oil & Gas Stock Up 0.5%

Shares of NYSE:MGY traded up $0.13 during midday trading on Friday, reaching $24.96. The company had a trading volume of 2,589,278 shares, compared to its average volume of 2,204,822. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.44 and a quick ratio of 1.44. The stock's fifty day moving average price is $23.57 and its 200-day moving average price is $22.99. The stock has a market capitalization of $4.76 billion, a P/E ratio of 13.07, a PEG ratio of 3.28 and a beta of 1.33. Magnolia Oil & Gas Corp has a one year low of $19.09 and a one year high of $29.02.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. The business had revenue of $318.98 million during the quarter, compared to analyst estimates 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 was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Equities research analysts expect that Magnolia Oil & Gas Corp will post 2.1 earnings per share for the current fiscal year.

Magnolia Oil & Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, August 11th. Magnolia Oil & Gas's payout ratio is 31.41%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MGY shares. Wells Fargo & Company dropped their price objective on shares of Magnolia Oil & Gas from $22.00 to $21.00 and set an "underweight" rating on the stock in a research note on Monday, June 16th. William Blair started coverage on shares of Magnolia Oil & Gas in a research note on Monday, August 25th. They set an "outperform" rating on the stock. Bank of America lifted their price objective on shares of Magnolia Oil & Gas from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Citigroup reiterated a "sell" rating on shares of Magnolia Oil & Gas in a research note on Thursday, July 10th. Finally, UBS Group reiterated a "buy" rating and set a $29.00 price objective (up previously from $26.00) on shares of Magnolia Oil & Gas in a research note on Friday, June 13th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $26.67.

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.