Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Magnolia Oil & Gas Corp (NYSE:MGY)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 228,590 shares of Magnolia Oil & Gas Corp, valued at approximately $5.77 million, increasing its stake to 0.12% of the company.
• Magnolia Oil & Gas reported earnings of $0.55 per share for the last quarter, exceeding analysts' expectations of $0.53, and its revenue grew by 9.7% year-over-year.
• Several investment analysts have revised price targets for Magnolia Oil & Gas, with Wells Fargo reducing its target to $21.00 while UBS Group raised its target to $29.00, reflecting varying sentiment towards the stock.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 228,590 shares of the company's stock, valued at approximately $5,774,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.12% of Magnolia Oil & Gas at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MGY. First Trust Advisors LP lifted its holdings in Magnolia Oil & Gas by 24.6% during the 4th quarter. First Trust Advisors LP now owns 15,410,496 shares of the company's stock worth $360,297,000 after buying an additional 3,038,709 shares during the period. Janus Henderson Group PLC increased its holdings in Magnolia Oil & Gas by 11.7% during the 4th quarter. Janus Henderson Group PLC now owns 6,396,875 shares of the company's stock worth $149,559,000 after purchasing an additional 667,973 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Magnolia Oil & Gas by 910.5% in the fourth quarter. Renaissance Technologies LLC now owns 541,400 shares of the company's stock valued at $12,658,000 after acquiring an additional 487,820 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of Magnolia Oil & Gas by 21.2% during the fourth quarter. Wasatch Advisors LP now owns 2,773,828 shares of the company's stock worth $64,852,000 after acquiring an additional 484,683 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Magnolia Oil & Gas by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 20,938,200 shares of the company's stock worth $489,535,000 after buying an additional 452,836 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Susquehanna lowered their price objective on shares of Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Bank of America increased their price target on shares of Magnolia Oil & Gas from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Citigroup reiterated a "sell" rating on shares of Magnolia Oil & Gas in a research note on Thursday, July 10th. Wells Fargo & Company cut their price objective on shares of Magnolia Oil & Gas from $22.00 to $21.00 and set an "underweight" rating for the company in a report on Monday, June 16th. Finally, 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 report on Friday, June 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $26.67.

Magnolia Oil & Gas Stock Performance

Shares of Magnolia Oil & Gas stock traded down $0.70 during trading on Thursday, hitting $23.69. 746,078 shares of the stock were exchanged, compared to its average volume of 2,670,329. The stock's fifty day moving average is $23.14 and its 200 day moving average is $23.16. The stock has a market cap of $4.56 billion, a PE ratio of 11.80, a P/E/G ratio of 3.21 and a beta of 1.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.33 and a current ratio of 1.33. Magnolia Oil & Gas Corp has a 12 month low of $19.09 and a 12 month high of $29.02.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last posted 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. The company had revenue of $350.30 million during the quarter, compared to analyst estimates of $337.83 million. Magnolia Oil & Gas had a net margin of 28.50% and a return on equity of 20.73%. The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 earnings per share. As a group, sell-side analysts anticipate that Magnolia Oil & Gas Corp will post 2.1 EPS 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 issued a $0.15 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 2.53%. Magnolia Oil & Gas's dividend payout ratio is currently 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.