Magnolia Oil & Gas Corp (NYSE:MGY) was the recipient of unusually large options trading activity on Monday. Traders acquired 900 put options on the company. This is an increase of approximately 934% compared to the average volume of 87 put options.

NYSE MGY opened at $11.63 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.54 and a current ratio of 1.54. Magnolia Oil & Gas has a fifty-two week low of $9.27 and a fifty-two week high of $14.13. The stock has a market cap of $3.07 billion, a PE ratio of 24.58 and a beta of 1.24. The firm’s fifty day moving average price is $10.65 and its two-hundred day moving average price is $11.08.

Institutional investors have recently modified their holdings of the stock. Fox Run Management L.L.C. acquired a new position in shares of Magnolia Oil & Gas during the 2nd quarter valued at about $206,000. Strs Ohio acquired a new position in shares of Magnolia Oil & Gas during the 2nd quarter valued at about $312,000. Rothschild & Co. Asset Management US Inc. increased its holdings in shares of Magnolia Oil & Gas by 56.7% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 1,222,033 shares of the company’s stock valued at $14,151,000 after acquiring an additional 442,360 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new position in shares of Magnolia Oil & Gas during the 2nd quarter valued at about $195,000. Finally, Systematic Financial Management LP increased its holdings in shares of Magnolia Oil & Gas by 1.5% during the 2nd quarter. Systematic Financial Management LP now owns 1,084,172 shares of the company’s stock valued at $12,555,000 after acquiring an additional 15,679 shares during the last quarter. 67.94% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on MGY shares. TheStreet raised shares of Magnolia Oil & Gas from a “d” rating to a “b-” rating in a research note on Wednesday, October 30th. Barclays started coverage on shares of Magnolia Oil & Gas in a research note on Friday, August 30th. They set an “overweight” rating and a $13.00 target price on the stock. R. F. Lafferty set a $20.00 target price on shares of Magnolia Oil & Gas and gave the stock a “buy” rating in a research note on Wednesday, August 7th. ValuEngine cut shares of Magnolia Oil & Gas from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Finally, Piper Jaffray Companies decreased their target price on shares of Magnolia Oil & Gas from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $15.50.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corporation engages in the business of acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. The company has oil and natural gas properties located primarily in Karnes County and the Giddings Field in South Texas primarily comprising the Eagle Ford Shale and the Austin Chalk formation.

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