GSA Capital Partners LLP Has $1.23 Million Stake in Magnolia Oil & Gas Corp $MGY

GSA Capital Partners LLP grew its position in Magnolia Oil & Gas Corp (NYSE:MGY) by 106.4% in the third quarter, HoldingsChannel.com reports. The fund owned 51,488 shares of the company’s stock after buying an additional 26,547 shares during the quarter. GSA Capital Partners LLP’s holdings in Magnolia Oil & Gas were worth $1,229,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Magnolia Oil & Gas by 236.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,190 shares of the company’s stock valued at $27,000 after purchasing an additional 836 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Magnolia Oil & Gas in the second quarter valued at $30,000. EverSource Wealth Advisors LLC grew its holdings in Magnolia Oil & Gas by 165.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the company’s stock worth $31,000 after acquiring an additional 864 shares during the last quarter. Mather Group LLC. bought a new stake in Magnolia Oil & Gas during the 3rd quarter worth about $31,000. Finally, Geneos Wealth Management Inc. increased its position in Magnolia Oil & Gas by 90.5% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,212 shares of the company’s stock valued at $50,000 after acquiring an additional 1,051 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. KeyCorp upped their target price on shares of Magnolia Oil & Gas from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Citigroup upped their price objective on Magnolia Oil & Gas from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Magnolia Oil & Gas in a research note on Thursday, January 22nd. Roth Mkm restated a “buy” rating on shares of Magnolia Oil & Gas in a research report on Tuesday, February 10th. Finally, Zacks Research upgraded Magnolia Oil & Gas from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Magnolia Oil & Gas presently has an average rating of “Moderate Buy” and an average price target of $27.58.

Magnolia Oil & Gas Stock Performance

MGY stock opened at $26.42 on Thursday. Magnolia Oil & Gas Corp has a twelve month low of $19.09 and a twelve month high of $27.47. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.20. The company has a market cap of $4.98 billion, a P/E ratio of 15.36 and a beta of 0.96. The business’s fifty day moving average is $23.61 and its 200-day moving average is $23.51.

Magnolia Oil & Gas (NYSE:MGY) last released its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $317.63 million for the quarter, compared to analyst estimates of $322.18 million. Magnolia Oil & Gas had a return on equity of 16.67% and a net margin of 24.79%.The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Equities research analysts forecast that Magnolia Oil & Gas Corp will post 2.1 EPS for the current year.

Magnolia Oil & Gas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 2.5%. Magnolia Oil & Gas’s payout ratio is currently 38.37%.

Magnolia Oil & Gas Profile

Magnolia Oil & Gas Corp (NYSE: MGY) is an independent exploration and production company focused on the acquisition, development and optimization of onshore oil and gas assets in South Texas. Headquartered in Houston, the company concentrates its efforts on the Eagle Ford Shale, where it holds significant working interests in key producing counties.

The company’s core operations center on horizontal drilling and multi-stage completions designed to extract light crude oil, natural gas and natural gas liquids (NGLs).