Bokf Na Buys 713 Shares of Magnolia Oil & Gas Co. (NYSE:MGY)

Bokf Na grew its position in shares of Magnolia Oil & Gas Co. (NYSE:MGY) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,014 shares of the company’s stock after purchasing an additional 713 shares during the quarter. Bokf Na’s holdings in Magnolia Oil & Gas were worth $473,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. First Trust Advisors LP increased its position in shares of Magnolia Oil & Gas by 24.6% during the fourth quarter. First Trust Advisors LP now owns 15,410,496 shares of the company’s stock worth $360,297,000 after buying an additional 3,038,709 shares during the period. Barclays PLC raised its position in shares of Magnolia Oil & Gas by 62.5% in 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. acquired a new position in shares of Magnolia Oil & Gas in the 4th quarter valued at about $13,634,000. Renaissance Technologies LLC boosted its position in shares of Magnolia Oil & Gas by 910.5% during the 4th quarter. Renaissance Technologies LLC now owns 541,400 shares of the company’s stock valued at $12,658,000 after purchasing an additional 487,820 shares in the last quarter. Finally, Wasatch Advisors LP grew its stake in Magnolia Oil & Gas by 21.2% during the fourth quarter. Wasatch Advisors LP now owns 2,773,828 shares of the company’s stock worth $64,852,000 after purchasing an additional 484,683 shares during the period. Institutional investors own 94.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MGY shares. Susquehanna dropped their price target on Magnolia Oil & Gas from $31.00 to $30.00 and set a “positive” rating on the stock in a research note on Tuesday, April 22nd. Citigroup dropped their target price on shares of Magnolia Oil & Gas from $22.00 to $19.00 and set a “sell” rating on the stock in a research report on Tuesday, April 8th. Piper Sandler decreased their price target on shares of Magnolia Oil & Gas from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price objective on shares of Magnolia Oil & Gas from $28.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Finally, The Goldman Sachs Group lowered Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and decreased their target price for the company from $27.00 to $26.00 in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.21.

Magnolia Oil & Gas Price Performance

Shares of NYSE MGY opened at $21.97 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $4.27 billion, a PE ratio of 11.38, a PEG ratio of 3.01 and a beta of 1.25. The stock’s 50 day moving average price is $22.38 and its 200-day moving average price is $24.18. Magnolia Oil & Gas Co. has a twelve month low of $19.09 and a twelve month high of $29.02.

Magnolia Oil & Gas (NYSE:MGY) last released its earnings results on Wednesday, April 30th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $350.30 million for the quarter, compared to analysts’ expectations of $337.83 million. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 EPS. On average, equities analysts anticipate that Magnolia Oil & Gas Co. will post 2.1 EPS for the current year.

Magnolia Oil & Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 2.73%. Magnolia Oil & Gas’s payout ratio is currently 29.85%.

Insider Buying and Selling

In other news, CEO Christopher G. Stavros acquired 2,500 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $22.05 per share, for a total transaction of $55,125.00. Following the purchase, the chief executive officer now owns 892,372 shares of the company’s stock, valued at approximately $19,676,802.60. The trade was a 0.28 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by insiders.

Magnolia Oil & Gas Company 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.