Magnolia Oil & Gas Corp (NYSE:MGY) Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC lifted its holdings in Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) by 100.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,106 shares of the company's stock after purchasing an additional 18,126 shares during the period. Penserra Capital Management LLC's holdings in Magnolia Oil & Gas were worth $912,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mariner LLC increased its stake in shares of Magnolia Oil & Gas by 1.8% in the 4th quarter. Mariner LLC now owns 43,229 shares of the company's stock valued at $1,011,000 after purchasing an additional 762 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Magnolia Oil & Gas by 4.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,470 shares of the company's stock worth $391,000 after buying an additional 715 shares during the last quarter. Foster Victor Wealth Advisors LLC boosted its holdings in Magnolia Oil & Gas by 7.1% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 336,917 shares of the company's stock worth $8,511,000 after buying an additional 22,402 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Magnolia Oil & Gas by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,076,541 shares of the company's stock worth $48,550,000 after buying an additional 85,524 shares during the last quarter. Finally, GF Fund Management CO. LTD. acquired a new stake in Magnolia Oil & Gas in the 4th quarter worth about $1,370,000. Hedge funds and other institutional investors own 94.73% of the company's stock.

Analyst Upgrades and Downgrades

MGY has been the topic of several research analyst reports. Bank of America lifted their price objective on Magnolia Oil & Gas from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Susquehanna lowered their price objective on Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Piper Sandler lowered their price objective on Magnolia Oil & Gas from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Citigroup reiterated a "sell" rating on shares of Magnolia Oil & Gas in a report on Thursday. Finally, UBS Group reiterated a "buy" rating and issued a $29.00 price objective (up from $26.00) on shares of Magnolia Oil & Gas in a report on Friday, June 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $27.00.

Magnolia Oil & Gas Price Performance

Shares of Magnolia Oil & Gas stock traded up $0.17 on Friday, hitting $23.84. 2,120,037 shares of the company were exchanged, compared to its average volume of 2,380,739. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 3.22 and a beta of 1.28. The company has a 50-day moving average price of $22.76 and a 200 day moving average price of $23.17. Magnolia Oil & Gas Corp has a 1-year low of $19.09 and a 1-year high of $29.02. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.20.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. Magnolia Oil & Gas had a return on equity of 20.73% and a net margin of 28.50%. The firm had revenue of $350.30 million for the quarter, compared to analysts' expectations of $337.83 million. During the same period in the prior year, the firm posted $0.46 earnings per share. The firm's quarterly revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts predict that Magnolia Oil & Gas Corp will post 2.1 earnings per share for the current fiscal year.

Magnolia Oil & Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Monday, May 12th. Magnolia Oil & Gas's dividend payout ratio is presently 29.85%.

Magnolia Oil & Gas Company 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.