Shares of Magnolia Oil & Gas Co. (NYSE:MGY - Get Free Report) have been assigned a consensus rating of "Hold" from the fourteen research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $26.85.
Several equities analysts recently issued reports on the company. Williams Trading set a $29.00 target price on Magnolia Oil & Gas in a research report on Wednesday, March 5th. Citigroup cut their target price on Magnolia Oil & Gas from $22.00 to $19.00 and set a "sell" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price target on shares of Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Piper Sandler lowered their price target on shares of Magnolia Oil & Gas from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, Bank of America upped 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.
View Our Latest Stock Analysis on MGY
Institutional Investors Weigh In On Magnolia Oil & Gas
Hedge funds have recently modified their holdings of the company. Mather Group LLC. boosted its stake in shares of Magnolia Oil & Gas by 100.0% during the 4th quarter. Mather Group LLC. now owns 1,090 shares of the company's stock worth $25,000 after acquiring an additional 545 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Magnolia Oil & Gas by 112.3% during the 4th quarter. Larson Financial Group LLC now owns 1,072 shares of the company's stock worth $25,000 after purchasing an additional 567 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Magnolia Oil & Gas during the 1st quarter worth about $30,000. Quarry LP raised its position in shares of Magnolia Oil & Gas by 1,047.8% during the 4th quarter. Quarry LP now owns 2,135 shares of the company's stock worth $50,000 after purchasing an additional 1,949 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Magnolia Oil & Gas by 122.8% during the 1st quarter. Parallel Advisors LLC now owns 2,308 shares of the company's stock worth $58,000 after purchasing an additional 1,272 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.
Magnolia Oil & Gas Stock Up 1.3%
Shares of MGY stock traded up $0.30 during trading hours on Friday, reaching $23.75. 2,983,462 shares of the company's stock were exchanged, compared to its average volume of 2,284,708. The stock's 50 day moving average is $21.60 and its 200-day moving average is $23.52. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 3.01 and a beta of 1.29. The company has a current ratio of 1.42, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20. Magnolia Oil & Gas has a fifty-two week low of $19.09 and a fifty-two week high of $29.02.
Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. The business had revenue of $350.30 million for the quarter, compared to the consensus estimate of $337.83 million. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. 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 posted $0.46 earnings per share. Analysts predict that Magnolia Oil & Gas will post 2.1 earnings per share for the current fiscal year.
Magnolia Oil & Gas Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Monday, May 12th. Magnolia Oil & Gas's payout ratio is currently 29.85%.
About Magnolia Oil & Gas
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Get Free ReportMagnolia 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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