Magnolia Oil & Gas Co. (NYSE:MGY) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its position in Magnolia Oil & Gas Co. (NYSE:MGY) by 61.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,850 shares of the company’s stock after purchasing an additional 1,090 shares during the period. Nisa Investment Advisors LLC’s holdings in Magnolia Oil & Gas were worth $72,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lindbrook Capital LLC grew its stake in Magnolia Oil & Gas by 61.5% in the 1st quarter. Lindbrook Capital LLC now owns 1,647 shares of the company’s stock valued at $43,000 after acquiring an additional 627 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Magnolia Oil & Gas by 5.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,156 shares of the company’s stock worth $280,000 after purchasing an additional 730 shares in the last quarter. Commerce Bank lifted its stake in Magnolia Oil & Gas by 4.0% in the 4th quarter. Commerce Bank now owns 24,820 shares of the company’s stock valued at $528,000 after buying an additional 945 shares in the last quarter. Fulton Bank N.A. grew its holdings in Magnolia Oil & Gas by 10.3% during the 2nd quarter. Fulton Bank N.A. now owns 10,411 shares of the company’s stock valued at $264,000 after buying an additional 968 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in Magnolia Oil & Gas by 1,753.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,038 shares of the company’s stock worth $26,000 after buying an additional 982 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MGY. Truist Financial increased their price objective on Magnolia Oil & Gas from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Capital One Financial assumed coverage on shares of Magnolia Oil & Gas in a research note on Tuesday, June 11th. They set an “overweight” rating and a $28.00 price target on the stock. Wolfe Research initiated coverage on shares of Magnolia Oil & Gas in a research report on Thursday, July 18th. They issued an “outperform” rating and a $32.00 price objective for the company. Mizuho raised their target price on shares of Magnolia Oil & Gas from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Bank of America increased their price target on Magnolia Oil & Gas from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Magnolia Oil & Gas presently has a consensus rating of “Hold” and a consensus price target of $28.70.

Magnolia Oil & Gas Trading Up 2.6 %

NYSE MGY opened at $25.31 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.28. The company has a 50-day simple moving average of $25.44 and a 200-day simple moving average of $24.88. Magnolia Oil & Gas Co. has a one year low of $19.16 and a one year high of $27.63. The firm has a market capitalization of $5.04 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 1.17 and a beta of 2.02.

Magnolia Oil & Gas (NYSE:MGY) last posted its earnings results on Wednesday, July 31st. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.51 by $0.05. The company had revenue of $336.73 million during the quarter, compared to analyst estimates of $340.72 million. Magnolia Oil & Gas had a return on equity of 21.18% and a net margin of 29.44%. On average, equities analysts forecast that Magnolia Oil & Gas Co. will post 2.14 earnings per share for the current year.

Magnolia Oil & Gas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, August 9th. Magnolia Oil & Gas’s dividend payout ratio (DPR) is 25.87%.

Magnolia Oil & Gas Company 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.