1 week Ago By ABMN Staff
Shares of Magnolia Oil & Gas Co. ( NYSE:MGY – Get Free Report ) have received an average rating of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have given a buy recommendation to the company.
The average twelve-month price target among brokerages that have covered the stock in the last year is $28.60. Several equities analysts have recently weighed in on the stock.
Wells Fargo & Company reduced their target price on shares of Magnolia Oil & Gas from $27.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th.
Benchmark reaffirmed a “hold” rating on shares of Magnolia Oil & Gas in a research note on Thursday, July 18th. Truist Financial boosted their price objective on shares of Magnolia Oil & Gas from $34.00 to $35.
00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Piper Sandler reduced their price objective on shares of Magnolia Oil & Gas from $29.00 to $26.
00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Finally, Mizuho boosted their price objective on shares of Magnolia Oil & Gas from $26.00 to $28.
00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Check Out Our Latest Research Report on Magnolia Oil & Gas Magnolia Oil & Gas Price Performance Magnolia Oil & Gas ( NYSE:MGY – Get Free Report ) last posted its earnings results on Wednesday, July 31st. The company reported $0.
56 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.05.
The firm had revenue of $336.73 million during the quarter, compared to the consensus estimate of $340.72 million.
Magnolia Oil & Gas had a net margin of 29.44% and a return on equity of 21.18%.
Equities analysts expect that Magnolia Oil & Gas will post 2.13 EPS for the current year. Magnolia Oil & Gas Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd.
Shareholders of record on Friday, August 9th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, August 9th.
This represents a $0.52 dividend on an annualized basis and a yield of 2.21%.
Magnolia Oil & Gas’s dividend payout ratio is presently 25.87%. Hedge Funds Weigh In On Magnolia Oil & Gas A number of hedge funds and other institutional investors have recently bought and sold shares of the stock.
Brown Advisory Inc. bought a new stake in shares of Magnolia Oil & Gas in the 4th quarter worth approximately $694,000. Nordea Investment Management AB lifted its holdings in shares of Magnolia Oil & Gas by 37.
1% in the 1st quarter. Nordea Investment Management AB now owns 521,702 shares of the company’s stock worth $13,387,000 after acquiring an additional 141,046 shares during the last quarter. Maryland State Retirement & Pension System bought a new stake in shares of Magnolia Oil & Gas in the 1st quarter worth approximately $1,721,000.
Texas Permanent School Fund Corp bought a new stake in shares of Magnolia Oil & Gas in the 1st quarter worth approximately $4,207,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Magnolia Oil & Gas by 16.
6% in the 1st quarter. Vanguard Group Inc. now owns 20,757,369 shares of the company’s stock worth $538,654,000 after acquiring an additional 2,956,314 shares during the last quarter.
Hedge funds and other institutional investors own 94.73% of the company’s stock. Magnolia Oil & Gas Company Profile ( Get 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. Recommended Stories Receive News & Ratings for Magnolia Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magnolia Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter .
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