12,479 Shares in Magnolia Oil & Gas Co. (NYSE:MGY) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,479 shares of the company's stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp lifted its stake in Magnolia Oil & Gas by 4.2% in the 3rd quarter. State Street Corp now owns 10,700,257 shares of the company's stock valued at $261,300,000 after buying an additional 435,326 shares in the last quarter. Geode Capital Management LLC lifted its stake in Magnolia Oil & Gas by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,107,769 shares of the company's stock valued at $100,332,000 after buying an additional 116,431 shares in the last quarter. Boston Trust Walden Corp lifted its stake in Magnolia Oil & Gas by 9.5% in the 4th quarter. Boston Trust Walden Corp now owns 3,090,587 shares of the company's stock valued at $72,258,000 after buying an additional 267,461 shares in the last quarter. Systematic Financial Management LP lifted its stake in Magnolia Oil & Gas by 7.5% in the 3rd quarter. Systematic Financial Management LP now owns 2,920,018 shares of the company's stock valued at $71,307,000 after buying an additional 203,514 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its stake in Magnolia Oil & Gas by 10.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,782,550 shares of the company's stock valued at $67,950,000 after buying an additional 253,911 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Magnolia Oil & Gas Trading Down 3.4 %

NYSE:MGY opened at $22.86 on Wednesday. The business's 50-day moving average is $24.16 and its two-hundred day moving average is $25.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 1.47. Magnolia Oil & Gas Co. has a 12 month low of $21.63 and a 12 month high of $29.02. The firm has a market capitalization of $4.44 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 3.01 and a beta of 1.90.

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Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.03. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. The business had revenue of $326.61 million for the quarter, compared to analyst estimates of $327.40 million. Research analysts predict that Magnolia Oil & Gas Co. will post 2.1 earnings per share for the current fiscal year.

Magnolia Oil & Gas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.62%. This is a positive change from Magnolia Oil & Gas's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, February 14th. Magnolia Oil & Gas's payout ratio is presently 31.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Truist Financial upped their target price on Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Williams Trading set a $29.00 target price on Magnolia Oil & Gas in a research note on Wednesday, March 5th. Bank of America reissued a "neutral" rating and set a $28.00 price target (down previously from $29.00) on shares of Magnolia Oil & Gas in a research note on Monday, January 13th. Mizuho increased their price target on Magnolia Oil & Gas from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. Finally, Johnson Rice lowered Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Magnolia Oil & Gas has a consensus rating of "Hold" and a consensus target price of $27.69.

Insider Transactions at Magnolia Oil & Gas

In other news, CEO Christopher G. Stavros acquired 2,500 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $22.05 per share, with a total value of $55,125.00. Following the completion of the acquisition, the chief executive officer now directly owns 892,372 shares in the company, valued at $19,676,802.60. This represents a 0.28 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company's stock.

About Magnolia Oil & Gas

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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