Natixis Advisors L.P. Has $1.48 Million Stake in Magnolia Oil & Gas Co. (NYSE:MGY)

Natixis Advisors L.P. cut its holdings in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 42.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,567 shares of the company's stock after selling 50,312 shares during the quarter. Natixis Advisors L.P.'s holdings in Magnolia Oil & Gas were worth $1,481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MGY. Albert D Mason Inc. increased its position in Magnolia Oil & Gas by 1.6% during the 4th quarter. Albert D Mason Inc. now owns 31,094 shares of the company's stock worth $662,000 after purchasing an additional 490 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Magnolia Oil & Gas by 6.7% during the 3rd quarter. Signaturefd LLC now owns 8,325 shares of the company's stock valued at $191,000 after acquiring an additional 523 shares in the last quarter. AMG National Trust Bank boosted its position in Magnolia Oil & Gas by 1.3% during the 3rd quarter. AMG National Trust Bank now owns 57,698 shares of the company's stock worth $1,322,000 after purchasing an additional 730 shares during the period. VisionPoint Advisory Group LLC increased its holdings in Magnolia Oil & Gas by 112.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,537 shares of the company's stock valued at $35,000 after purchasing an additional 813 shares in the last quarter. Finally, Oak Family Advisors LLC raised its position in Magnolia Oil & Gas by 1.6% in the fourth quarter. Oak Family Advisors LLC now owns 80,587 shares of the company's stock valued at $1,716,000 after purchasing an additional 1,275 shares during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.

Magnolia Oil & Gas Stock Down 1.6 %

Shares of MGY stock traded down $0.42 during trading hours on Wednesday, hitting $25.67. 6,222,355 shares of the company were exchanged, compared to its average volume of 3,129,732. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 1.51 and a beta of 2.03. Magnolia Oil & Gas Co. has a one year low of $19.05 and a one year high of $27.33. The business's 50-day simple moving average is $25.55 and its two-hundred day simple moving average is $22.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its earnings results on Wednesday, February 14th. The company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.04). Magnolia Oil & Gas had a return on equity of 20.41% and a net margin of 30.46%. The firm had revenue of $322.63 million for the quarter, compared to the consensus estimate of $324.95 million. Sell-side analysts predict that Magnolia Oil & Gas Co. will post 2.18 EPS for the current fiscal year.

Magnolia Oil & Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.03%. The ex-dividend date is Friday, May 10th. Magnolia Oil & Gas's dividend payout ratio (DPR) is presently 25.87%.

Analyst Ratings Changes

MGY has been the topic of several analyst reports. Piper Sandler reiterated a "neutral" rating and set a $29.00 target price on shares of Magnolia Oil & Gas in a report on Friday, April 19th. Bank of America began coverage on shares of Magnolia Oil & Gas in a research note on Tuesday, February 27th. They issued a "buy" rating and a $25.00 target price for the company. Susquehanna lifted their price target on shares of Magnolia Oil & Gas from $28.00 to $31.00 and gave the stock a "positive" rating in a research note on Monday, April 22nd. The Goldman Sachs Group upped their price objective on shares of Magnolia Oil & Gas from $24.50 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, March 26th. Finally, Wells Fargo & Company lifted their target price on Magnolia Oil & Gas from $23.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $27.88.

Magnolia Oil & Gas Profile

Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation.