111 Capital Makes New Investment in Magnolia Oil & Gas Corp $MGY

111 Capital acquired a new position in shares of Magnolia Oil & Gas Corp (NYSE:MGY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,066 shares of the company’s stock, valued at approximately $316,000.

Other large investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in Magnolia Oil & Gas during the 1st quarter worth $30,000. Parallel Advisors LLC lifted its holdings in 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 buying an additional 1,272 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Magnolia Oil & Gas by 16.8% during the 1st quarter. Farther Finance Advisors LLC now owns 4,366 shares of the company’s stock worth $111,000 after buying an additional 629 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Magnolia Oil & Gas by 98.6% during the 2nd quarter. GAMMA Investing LLC now owns 5,009 shares of the company’s stock worth $113,000 after buying an additional 2,487 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Magnolia Oil & Gas by 34.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 5,072 shares of the company’s stock worth $128,000 after buying an additional 1,295 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Citigroup reissued a “sell” rating on shares of Magnolia Oil & Gas in a research note on Thursday, July 10th. William Blair assumed coverage on Magnolia Oil & Gas in a research note on Monday, August 25th. They issued an “outperform” rating on the stock. UBS Group reissued a “buy” rating and issued a $29.00 price target (up previously from $26.00) on shares of Magnolia Oil & Gas in a research note on Friday, June 13th. Piper Sandler increased their price target on Magnolia Oil & Gas from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Magnolia Oil & Gas in a research note on Saturday, September 27th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.42.

Magnolia Oil & Gas Price Performance

MGY stock opened at $23.94 on Tuesday. The stock has a 50-day moving average price of $24.05 and a two-hundred day moving average price of $23.10. The stock has a market cap of $4.57 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 3.10 and a beta of 1.24. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.20. Magnolia Oil & Gas Corp has a 1 year low of $19.09 and a 1 year high of $29.02.

Magnolia Oil & Gas (NYSE:MGY) last released its earnings results on Wednesday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $318.98 million during the quarter, compared to analysts’ expectations of $311.58 million. Magnolia Oil & Gas had a return on equity of 19.34% and a net margin of 27.57%.The company’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. Equities analysts forecast that Magnolia Oil & Gas Corp will post 2.1 EPS for the current fiscal year.

Magnolia Oil & Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, August 11th. Magnolia Oil & Gas’s dividend payout ratio is 31.41%.

Magnolia Oil & Gas 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.