Jefferies Financial Group Inc. Has $2.56 Million Stake in Magnolia Oil & Gas Corp $MGY

Jefferies Financial Group Inc. reduced its stake in shares of Magnolia Oil & Gas Corp (NYSE:MGY) by 18.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,158 shares of the company’s stock after selling 24,447 shares during the period. Jefferies Financial Group Inc. owned 0.06% of Magnolia Oil & Gas worth $2,558,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AQR Capital Management LLC increased its stake in shares of Magnolia Oil & Gas by 77.7% in the first quarter. AQR Capital Management LLC now owns 56,346 shares of the company’s stock valued at $1,423,000 after buying an additional 24,631 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Magnolia Oil & Gas by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 103,109 shares of the company’s stock worth $2,605,000 after acquiring an additional 4,512 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Magnolia Oil & Gas by 8.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 242,880 shares of the company’s stock valued at $6,135,000 after acquiring an additional 18,447 shares during the last quarter. Intech Investment Management LLC boosted its holdings in Magnolia Oil & Gas by 11.3% in the first quarter. Intech Investment Management LLC now owns 68,814 shares of the company’s stock valued at $1,738,000 after acquiring an additional 7,008 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Magnolia Oil & Gas by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,737,475 shares of the company’s stock valued at $39,058,000 after purchasing an additional 14,248 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MGY shares. Susquehanna lowered their price target on shares of Magnolia Oil & Gas from $30.00 to $28.00 and set a “positive” rating for the company in a report on Monday, January 26th. Wells Fargo & Company set a $25.00 price objective on shares of Magnolia Oil & Gas in a research report on Monday, February 16th. Roth Mkm reissued a “buy” rating on shares of Magnolia Oil & Gas in a research note on Tuesday, February 10th. Weiss Ratings restated a “hold (c)” rating on shares of Magnolia Oil & Gas in a report on Thursday, January 22nd. Finally, UBS Group upped their price target on shares of Magnolia Oil & Gas from $29.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $28.18.

Magnolia Oil & Gas Stock Performance

Shares of Magnolia Oil & Gas stock opened at $28.74 on Wednesday. The business has a 50-day simple moving average of $25.31 and a 200 day simple moving average of $23.95. Magnolia Oil & Gas Corp has a one year low of $19.09 and a one year high of $29.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89.

Magnolia Oil & Gas (NYSE:MGY) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The business 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 company earned $0.44 earnings per share. On average, research analysts anticipate that Magnolia Oil & Gas Corp will post 2.1 earnings per share for the current fiscal year.

Magnolia Oil & Gas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were issued a $0.165 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. Magnolia Oil & Gas’s dividend payout ratio (DPR) is 38.37%.

Magnolia Oil & Gas Company 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).