Magnolia Oil & Gas Co. (NYSE:MGY - Get Free Report) has been given an average recommendation of "Hold" by the thirteen brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $27.58.
MGY has been the topic of a number of recent research reports. Truist Financial raised their target price on Magnolia Oil & Gas from $31.00 to $33.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Piper Sandler cut 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 report on Tuesday, December 17th. Mizuho upped their target price on shares of Magnolia Oil & Gas from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Siebert Williams Shank cut Magnolia Oil & Gas from a "buy" rating to a "hold" rating and set a $30.00 price target on the stock. in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. decreased their price objective on Magnolia Oil & Gas from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, September 12th.
Read Our Latest Report on Magnolia Oil & Gas
Institutional Trading of Magnolia Oil & Gas
Several institutional investors and hedge funds have recently bought and sold shares of MGY. Harbor Capital Advisors Inc. purchased a new position in shares of Magnolia Oil & Gas in the third quarter worth approximately $25,000. First Horizon Advisors Inc. grew its position in 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. GAMMA Investing LLC grew its position in Magnolia Oil & Gas by 62.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,609 shares of the company's stock worth $64,000 after purchasing an additional 1,002 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Magnolia Oil & Gas by 36.8% in the third quarter. Covestor Ltd now owns 2,986 shares of the company's stock valued at $73,000 after purchasing an additional 804 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Magnolia Oil & Gas in the third quarter worth $90,000. Institutional investors and hedge funds own 94.73% of the company's stock.
Magnolia Oil & Gas Stock Performance
Shares of NYSE MGY traded up $0.25 during midday trading on Thursday, hitting $24.22. The company's stock had a trading volume of 2,163,744 shares, compared to its average volume of 1,818,389. The firm has a market cap of $4.76 billion, a P/E ratio of 11.99, a P/E/G ratio of 1.29 and a beta of 2.00. Magnolia Oil & Gas has a 1-year low of $19.16 and a 1-year high of $29.02. The firm's fifty day moving average price is $25.67 and its 200-day moving average price is $25.50. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.47.
Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. The company had revenue of $333.14 million during the quarter, compared to the consensus estimate of $331.45 million. Magnolia Oil & Gas had a return on equity of 20.78% and a net margin of 28.88%. On average, sell-side analysts forecast that Magnolia Oil & Gas will post 2 EPS for the current fiscal year.
Magnolia Oil & Gas Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 8th were given a $0.13 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.52 annualized dividend and a yield of 2.15%. Magnolia Oil & Gas's dividend payout ratio (DPR) is 25.74%.
Magnolia Oil & Gas Company Profile
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Get Free ReportMagnolia 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.
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