Campbell & CO Investment Adviser LLC Buys Shares of 50,407 Magnolia Oil & Gas Corp $MGY

Key Points

• Campbell & CO Investment Adviser LLC has acquired 50,407 shares of Magnolia Oil & Gas Corp, valued at approximately $1.27 million.
• Magnolia Oil & Gas recently announced a quarterly dividend of $0.15 per share, equating to an annualized yield of 2.5%.
• Analysts have differing views on Magnolia Oil & Gas, with four analysts rating it as a Buy and others issuing Hold and Sell ratings, resulting in a consensus rating of "Hold" and an average price target of $26.67.

Campbell & CO Investment Adviser LLC purchased a new stake in Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 50,407 shares of the company's stock, valued at approximately $1,273,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MGY. Nuveen LLC acquired a new stake in shares of Magnolia Oil & Gas in the 1st quarter valued at $21,066,000. Janus Henderson Group PLC boosted its stake in shares of Magnolia Oil & Gas by 11.7% in the 4th quarter. Janus Henderson Group PLC now owns 6,396,875 shares of the company's stock valued at $149,559,000 after purchasing an additional 667,973 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Magnolia Oil & Gas by 12.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,365,892 shares of the company's stock valued at $135,541,000 after purchasing an additional 597,845 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Magnolia Oil & Gas by 5.7% in the 1st quarter. American Century Companies Inc. now owns 10,502,353 shares of the company's stock valued at $265,289,000 after purchasing an additional 562,223 shares in the last quarter. Finally, Ruffer LLP acquired a new stake in shares of Magnolia Oil & Gas in the 1st quarter valued at $6,577,000. Institutional investors and hedge funds own 94.73% of the company's stock.

Magnolia Oil & Gas Price Performance

NYSE MGY traded up $0.13 on Monday, hitting $24.96. 2,589,278 shares of the company were exchanged, compared to its average volume of 2,204,822. The firm has a 50 day moving average of $23.57 and a two-hundred day moving average of $22.99. The company has a market cap of $4.76 billion, a P/E ratio of 13.07, a P/E/G ratio of 3.28 and a beta of 1.33. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.20. Magnolia Oil & Gas Corp has a 1-year low of $19.09 and a 1-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 the consensus estimate of $0.40 by $0.03. The business had revenue of $318.98 million for 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 firm's quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. On average, equities analysts predict that Magnolia Oil & Gas Corp will post 2.1 EPS for the current year.

Magnolia Oil & Gas Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MGY. Citigroup restated a "sell" rating on shares of Magnolia Oil & Gas in a research note on Thursday, July 10th. William Blair began coverage on shares of Magnolia Oil & Gas in a research note on Monday, August 25th. They issued an "outperform" rating on the stock. UBS Group restated a "buy" rating and issued a $29.00 target price (up previously from $26.00) on shares of Magnolia Oil & Gas in a research note on Friday, June 13th. Bank of America boosted their target price 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. Finally, Piper Sandler boosted their target price on shares of Magnolia Oil & Gas from $24.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Magnolia Oil & Gas has an average rating of "Hold" and an average price target 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.