Keeley Teton Advisors LLC Has $1.20 Million Holdings in Magnolia Oil & Gas Corp $MGY

Key Points

• Keeley Teton Advisors LLC increased its stake in Magnolia Oil & Gas Corp by 36.4%, holding 47,556 shares valued at approximately $1.2 million. This highlights institutional interest in the company.
• Magnolia Oil & Gas reported a quarterly EPS of $0.43, exceeding analysts' expectations of $0.40, alongside a revenue of $318.98 million, which was also above the consensus estimate.
• The company declared a quarterly dividend of $0.15, with a yield of 2.5%, representing a payout ratio of 31.41%.

Keeley Teton Advisors LLC boosted its position in shares of Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) by 36.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,556 shares of the company's stock after acquiring an additional 12,687 shares during the period. Keeley Teton Advisors LLC's holdings in Magnolia Oil & Gas were worth $1,201,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in 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 acquiring an additional 987,896 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Magnolia Oil & Gas during the first quarter valued at approximately $1,273,000. Oliver Luxxe Assets LLC boosted its holdings in 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 in the last quarter. Smartleaf Asset Management LLC boosted 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 valued at $128,000 after purchasing an additional 1,295 shares in the last quarter. Finally, Osterweis Capital Management Inc. boosted its holdings in Magnolia Oil & Gas by 33.5% during the first quarter. Osterweis Capital Management Inc. now owns 641,637 shares of the company's stock valued at $16,208,000 after purchasing an additional 161,125 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Magnolia Oil & Gas Trading Up 0.5%

MGY stock traded up $0.13 during trading on Friday, hitting $24.96. The company had a trading volume of 2,589,278 shares, compared to its average volume of 2,260,378. 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 firm has a 50-day moving average price of $23.57 and a 200-day moving average price of $22.99. Magnolia Oil & Gas Corp has a 12 month low of $19.09 and a 12 month high of $29.02. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 3.25 and a beta of 1.31.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $318.98 million during the quarter, compared to analysts' expectations 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 quarter in the previous year, the company posted $0.51 EPS. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be given a $0.15 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.4%. Magnolia Oil & Gas's dividend payout ratio is currently 31.41%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group reaffirmed a "buy" rating and set a $29.00 price objective (up from $26.00) on shares of Magnolia Oil & Gas in a report on Friday, June 13th. William Blair started coverage on Magnolia Oil & Gas in a report on Monday, August 25th. They set an "outperform" rating on the stock. Piper Sandler boosted their target price on Magnolia Oil & Gas from $24.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Wells Fargo & Company reduced their target price on Magnolia Oil & Gas from $22.00 to $21.00 and set an "underweight" rating on the stock in a report on Monday, June 16th. Finally, Citigroup reissued 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, eight have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $26.67.

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.