Magnolia Oil & Gas Corp (NYSE:MGY) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Magnolia Oil & Gas Corp has been assigned a consensus rating of "Hold" by analysts, with two sell, nine hold, and four buy recommendations.
• The stock has an average 1-year price target of $26.42 according to analyst reports, indicating a potential upside from its current trading price.
• Magnolia Oil & Gas has recently declared a quarterly dividend of $0.15 per share, which represents an annualized yield of 2.7% and a dividend payout ratio of 31.41%.

Shares of Magnolia Oil & Gas Corp (NYSE:MGY - Get Free Report) have been assigned a consensus recommendation of "Hold" from the fifteen analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $26.4167.

Several equities analysts recently weighed in on the stock. William Blair started coverage on shares of Magnolia Oil & Gas in a report on Monday, August 25th. They issued an "outperform" rating on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Magnolia Oil & Gas in a report on Wednesday. Mizuho reduced their target price on shares of Magnolia Oil & Gas from $26.00 to $25.00 and set a "neutral" rating for the company in a report on Monday, September 15th. Citigroup restated a "sell" rating on shares of Magnolia Oil & Gas in a research report on Thursday, July 10th. Finally, Piper Sandler increased their price target on Magnolia Oil & Gas from $24.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th.

Institutional Investors Weigh In On Magnolia Oil & Gas

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Magnolia Oil & Gas by 236.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,190 shares of the company's stock valued at $27,000 after purchasing an additional 836 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in Magnolia Oil & Gas during the first quarter valued at $30,000. Caitong International Asset Management Co. Ltd acquired a new stake in Magnolia Oil & Gas during the second quarter valued at $30,000. EverSource Wealth Advisors LLC increased its holdings in Magnolia Oil & Gas by 165.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the company's stock valued at $31,000 after buying an additional 864 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Magnolia Oil & Gas by 90.5% in the second quarter. Geneos Wealth Management Inc. now owns 2,212 shares of the company's stock worth $50,000 after acquiring an additional 1,051 shares during the period. Institutional investors and hedge funds own 94.73% of the company's stock.

Magnolia Oil & Gas Stock Performance

Shares of MGY opened at $22.64 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a 50-day moving average of $24.01 and a two-hundred day moving average of $23.09. The stock has a market cap of $4.32 billion, a P/E ratio of 11.85, a P/E/G ratio of 3.13 and a beta of 1.24. Magnolia Oil & Gas has a one year low of $19.09 and a one year high of $29.02.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. Magnolia Oil & Gas had a return on equity of 19.34% and a net margin of 27.57%.The business had revenue of $318.98 million for the quarter, compared to analyst estimates of $311.58 million. During the same period in the prior year, the company earned $0.51 earnings per share. The company's revenue was down 5.3% on a year-over-year basis. As a group, research analysts predict that Magnolia Oil & Gas will post 2.1 EPS for the current year.

Magnolia Oil & Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, August 11th. Magnolia Oil & Gas's dividend payout ratio (DPR) is currently 31.41%.

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.

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