2 weeks Ago By Defense World Staff
Bokf Na raised its stake in Magnolia Oil & Gas Co. ( NYSE:MGY – Free Report ) by 87.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 19,321 shares of the company’s stock after buying an additional 9,031 shares during the period. Bokf Na’s holdings in Magnolia Oil & Gas were worth $490,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also recently modified their holdings of the company.
Massmutual Trust Co. FSB ADV boosted its holdings in shares of Magnolia Oil & Gas by 1,753.6% during the 2nd quarter.
Massmutual Trust Co. FSB ADV now owns 1,038 shares of the company’s stock valued at $26,000 after acquiring an additional 982 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Magnolia Oil & Gas during the second quarter valued at about $26,000.
Mather Group LLC. bought a new stake in shares of Magnolia Oil & Gas during the first quarter worth about $27,000. GAMMA Investing LLC increased its stake in shares of Magnolia Oil & Gas by 184.
4% in the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $41,000 after buying an additional 1,042 shares during the period. Finally, Lindbrook Capital LLC raised its holdings 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 buying an additional 627 shares during the last quarter. Institutional investors own 94.
73% of the company’s stock. Magnolia Oil & Gas Stock Performance NYSE:MGY opened at $24.21 on Tuesday.
The firm has a market capitalization of $4.82 billion, a P/E ratio of 12.04, a P/E/G ratio of 1.
12 and a beta of 2.00. Magnolia Oil & Gas Co.
has a twelve month low of $19.16 and a twelve month high of $27.63.
The company has a fifty day moving average of $25.19 and a 200-day moving average of $25.22.
The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.
21. Magnolia Oil & Gas Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.
13 per share. The ex-dividend date was Friday, August 9th. This represents a $0.
52 annualized dividend and a dividend yield of 2.15%. Magnolia Oil & Gas’s dividend payout ratio is 25.
87%. Wall Street Analysts Forecast Growth Several equities analysts have issued reports on MGY shares. Bank of America upped their price target on shares of Magnolia Oil & Gas from $28.
00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Piper Sandler lowered their target price on Magnolia Oil & Gas from $29.
00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. JPMorgan Chase & Co.
cut their target price on Magnolia Oil & Gas from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th.
Capital One Financial began coverage on Magnolia Oil & Gas in a research note on Tuesday, June 11th. They issued an “overweight” rating and a $28.00 price target for the company.
Finally, Susquehanna cut their price objective on Magnolia Oil & Gas from $33.00 to $32.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th.
One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $28.
00. Read Our Latest Stock Analysis on MGY About Magnolia Oil & Gas ( Free Report ) 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.
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