Quantbot Technologies LP Lowers Stock Holdings in Magnolia Oil & Gas Corp $MGY

Quantbot Technologies LP reduced its position in Magnolia Oil & Gas Corp (NYSE:MGY) by 46.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 123,682 shares of the company’s stock after selling 107,615 shares during the quarter. Quantbot Technologies LP’s holdings in Magnolia Oil & Gas were worth $2,780,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Lido Advisors LLC grew its holdings in Magnolia Oil & Gas by 28.8% during the second quarter. Lido Advisors LLC now owns 12,949 shares of the company’s stock worth $291,000 after acquiring an additional 2,897 shares during the period. F m Investments LLC boosted its position in shares of Magnolia Oil & Gas by 30.8% during the 2nd quarter. F m Investments LLC now owns 215,006 shares of the company’s stock worth $4,833,000 after purchasing an additional 50,594 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Magnolia Oil & Gas by 67.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 103,320 shares of the company’s stock worth $2,323,000 after purchasing an additional 41,481 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Magnolia Oil & Gas by 11.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 15,472 shares of the company’s stock valued at $348,000 after purchasing an additional 1,575 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Magnolia Oil & Gas by 8.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,032 shares of the company’s stock valued at $428,000 after purchasing an additional 1,511 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Magnolia Oil & Gas Trading Down 0.4%

Shares of MGY opened at $23.39 on Friday. Magnolia Oil & Gas Corp has a fifty-two week low of $19.09 and a fifty-two week high of $26.92. The company has a market capitalization of $4.41 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 3.16 and a beta of 0.93. The stock has a fifty day moving average of $23.03 and a two-hundred day moving average of $23.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.47.

Magnolia Oil & Gas (NYSE:MGY) last released its earnings results on Wednesday, October 29th. The company reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. The business had revenue of $324.94 million for the quarter, compared to analysts’ expectations of $322.52 million. Magnolia Oil & Gas had a net margin of 25.90% and a return on equity of 18.10%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. As a group, analysts forecast that Magnolia Oil & Gas Corp will post 2.1 EPS for the current year.

Magnolia Oil & Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 10th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, November 10th. Magnolia Oil & Gas’s dividend payout ratio is currently 33.52%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Mizuho increased their target price on shares of Magnolia Oil & Gas from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Piper Sandler lowered their price target on Magnolia Oil & Gas from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, November 18th. KeyCorp set a $29.00 price objective on Magnolia Oil & Gas and gave the company an “overweight” rating in a research note on Wednesday, October 15th. William Blair assumed coverage on Magnolia Oil & Gas in a report on Monday, August 25th. They set an “outperform” rating for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Magnolia Oil & Gas in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.25.

Magnolia Oil & Gas Profile

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.