2 weeks Ago By Defense World Staff
Teacher Retirement System of Texas trimmed its holdings in Magnolia Oil & Gas Co. (NYSE:MGY – Free Report) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor owned 46,859 shares of the company’s stock after selling 2,782 shares during the period. Teacher Retirement System of Texas’ holdings in Magnolia Oil & Gas were worth $1,096,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors have also made changes to their positions in the stock.
Soros Fund Management LLC acquired a new stake in Magnolia Oil & Gas during the third quarter worth about $18,120,000. Barclays PLC boosted its position in shares of Magnolia Oil & Gas by 62.5% during the 3rd quarter.
Barclays PLC now owns 1,653,736 shares of the company’s stock worth $40,383,000 after acquiring an additional 636,049 shares in the last quarter. Raymond James Financial Inc. bought a new position in Magnolia Oil & Gas in the fourth quarter valued at approximately $13,634,000.
State Street Corp raised its position in Magnolia Oil & Gas by 4.2% during the third quarter. State Street Corp now owns 10,700,257 shares of the company’s stock valued at $261,300,000 after purchasing an additional 435,326 shares in the last quarter.
Finally, Centiva Capital LP lifted its stake in Magnolia Oil & Gas by 767.6% during the third quarter. Centiva Capital LP now owns 487,148 shares of the company’s stock worth $11,896,000 after purchasing an additional 430,996 shares during the last quarter.
94.73% of the stock is currently owned by institutional investors. Magnolia Oil & Gas Trading Down 0.
5 %Shares of MGY stock opened at $25.21 on Friday. The stock has a 50-day moving average of $24.
08 and a 200-day moving average of $25.08. The company has a current ratio of 1.
42, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20.
The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 3.
01 and a beta of 1.90. Magnolia Oil & Gas Co.
has a 1-year low of $21.63 and a 1-year high of $29.02.
Magnolia Oil & Gas (NYSE:MGY – Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
46 by $0.03. Magnolia Oil & Gas had a net margin of 27.
82% and a return on equity of 20.74%. The firm had revenue of $326.
61 million during the quarter, compared to analyst estimates of $327.40 million. On average, equities research analysts forecast that Magnolia Oil & Gas Co.
will post 2.1 earnings per share for the current year. Magnolia Oil & Gas Increases DividendThe company also recently declared a quarterly dividend, which was paid on Monday, March 3rd.
Shareholders of record on Friday, February 14th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 14th.
This represents a $0.60 dividend on an annualized basis and a yield of 2.38%.
This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. Magnolia Oil & Gas’s dividend payout ratio is 31.
09%. Wall Street Analysts Forecast GrowthMGY has been the subject of a number of research analyst reports. Mizuho boosted their price target on Magnolia Oil & Gas from $27.
00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Williams Trading set a $29.
00 target price on Magnolia Oil & Gas in a research note on Wednesday, March 5th. Johnson Rice downgraded shares of Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 28th. The Goldman Sachs Group cut shares of Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $27.
00 to $26.00 in a research report on Friday, January 31st. Finally, Piper Sandler raised their target price on shares of Magnolia Oil & Gas from $24.
00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company.
According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.77.View Our Latest Report on MGYInsiders Place Their BetsIn related news, CEO Christopher G.
Stavros acquired 2,500 shares of Magnolia Oil & Gas stock in a transaction dated Monday, March 3rd. The stock was bought at an average price of $22.05 per share, with a total value of $55,125.
00. Following the transaction, the chief executive officer now directly owns 892,372 shares in the company, valued at $19,676,802.60.
This represents a 0.28 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
Company insiders own 1.20% of the company’s stock. About Magnolia Oil & Gas (Free Report)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.
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