TimesSquare Capital Management LLC decreased its position in Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) by 14.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 679,321 shares of the company's stock after selling 114,644 shares during the period. TimesSquare Capital Management LLC owned approximately 0.35% of Magnolia Oil & Gas worth $17,160,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in Magnolia Oil & Gas in the fourth quarter valued at $292,000. Raymond James Financial Inc. bought a new stake in Magnolia Oil & Gas in the fourth quarter valued at $13,634,000. HighTower Advisors LLC raised its holdings in shares of Magnolia Oil & Gas by 6.4% in the 4th quarter. HighTower Advisors LLC now owns 15,106 shares of the company's stock worth $353,000 after acquiring an additional 906 shares during the last quarter. Swiss National Bank raised its holdings in shares of Magnolia Oil & Gas by 4.8% in the 4th quarter. Swiss National Bank now owns 351,500 shares of the company's stock worth $8,218,000 after acquiring an additional 16,000 shares during the last quarter. Finally, Vestcor Inc raised its holdings in shares of Magnolia Oil & Gas by 65.9% in the 4th quarter. Vestcor Inc now owns 33,559 shares of the company's stock worth $785,000 after acquiring an additional 13,325 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.
Magnolia Oil & Gas Trading Up 1.6%
Magnolia Oil & Gas stock traded up $0.37 during trading hours on Thursday, reaching $23.10. The stock had a trading volume of 2,548,558 shares, compared to its average volume of 2,384,709. The stock has a market cap of $4.45 billion, a PE ratio of 11.49, a PEG ratio of 3.09 and a beta of 1.28. Magnolia Oil & Gas Corp has a 52 week low of $19.09 and a 52 week high of $29.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.33 and a quick ratio of 1.33. The company has a fifty day simple moving average of $22.90 and a 200-day simple moving average of $23.17.
Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. Magnolia Oil & Gas had a net margin of 28.50% and a return on equity of 20.73%. The firm had revenue of $350.30 million during the quarter, compared to analysts' expectations of $337.83 million. During the same period last year, the company posted $0.46 EPS. The company's quarterly revenue was up 9.7% compared to the same quarter last year. Analysts forecast that Magnolia Oil & Gas Corp will post 2.1 EPS for the current fiscal year.
Magnolia Oil & Gas Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were given a $0.15 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 2.60%. Magnolia Oil & Gas's dividend payout ratio is 29.85%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on MGY shares. Susquehanna lowered their target price on shares of Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Bank of America increased 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 report on Friday, May 23rd. Wells Fargo & Company dropped their price target 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. UBS Group reiterated a "buy" rating and issued a $29.00 target price (up from $26.00) on shares of Magnolia Oil & Gas in a research note on Friday, June 13th. Finally, Citigroup restated a "sell" rating on shares of Magnolia Oil & Gas in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $27.08.
View Our Latest Analysis on Magnolia Oil & Gas
About Magnolia Oil & Gas
(
Free Report)
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.
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