Hunter Perkins Capital Management LLC Decreases Stake in Magnolia Oil & Gas Co. (NYSE:MGY)

Hunter Perkins Capital Management LLC reduced its holdings in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 9.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 342,565 shares of the company's stock after selling 35,305 shares during the period. Magnolia Oil & Gas makes up 1.7% of Hunter Perkins Capital Management LLC's investment portfolio, making the stock its 21st largest holding. Hunter Perkins Capital Management LLC owned about 0.17% of Magnolia Oil & Gas worth $8,009,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. First Horizon Advisors Inc. boosted its position in shares of Magnolia Oil & Gas by 64.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,008 shares of the company's stock worth $25,000 after purchasing an additional 396 shares in the last quarter. Albert D Mason Inc. boosted its stake in shares of Magnolia Oil & Gas by 0.7% during the 4th quarter. Albert D Mason Inc. now owns 61,497 shares of the company's stock worth $1,438,000 after acquiring an additional 411 shares in the last quarter. Jennison Associates LLC boosted its position in Magnolia Oil & Gas by 2.2% during the third quarter. Jennison Associates LLC now owns 23,836 shares of the company's stock worth $582,000 after purchasing an additional 506 shares in the last quarter. Avior Wealth Management LLC boosted its position in Magnolia Oil & Gas by 30.0% during the fourth quarter. Avior Wealth Management LLC now owns 2,194 shares of the company's stock worth $51,000 after purchasing an additional 506 shares in the last quarter. Finally, Atria Investments Inc boosted its position in Magnolia Oil & Gas by 2.3% during the third quarter. Atria Investments Inc now owns 23,576 shares of the company's stock worth $576,000 after purchasing an additional 523 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Magnolia Oil & Gas Trading Down 1.5 %

Shares of NYSE MGY traded down $0.39 during trading on Monday, hitting $24.97. 1,631,815 shares of the company traded hands, compared to its average volume of 1,901,857. The company has a 50-day moving average price of $25.43 and a 200-day moving average price of $25.53. Magnolia Oil & Gas Co. has a 1 year low of $19.53 and a 1 year high of $29.02. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $4.91 billion, a P/E ratio of 12.36, a P/E/G ratio of 3.26 and a beta of 2.00.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. Magnolia Oil & Gas had a return on equity of 20.78% and a net margin of 28.88%. The business had revenue of $333.14 million during the quarter, compared to analysts' expectations of $331.45 million. On average, equities analysts predict that Magnolia Oil & Gas Co. will post 1.98 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MGY. Piper Sandler lowered their price objective on shares of Magnolia Oil & Gas from $26.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 17th. Mizuho increased their target price on Magnolia Oil & Gas from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Benchmark reissued a "hold" rating on shares of Magnolia Oil & Gas in a report on Tuesday, October 15th. Siebert Williams Shank cut Magnolia Oil & Gas from a "buy" rating to a "hold" rating and set a $30.00 price objective for the company. in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company lowered shares of Magnolia Oil & Gas from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $26.00 to $22.00 in a report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $27.58.

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.