Epoch Investment Partners Inc. Has $116.68 Million Stock Holdings in Magnolia Oil & Gas Corp $MGY

Epoch Investment Partners Inc. increased its position in shares of Magnolia Oil & Gas Corp (NYSE:MGY) by 28.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,330,064 shares of the company’s stock after acquiring an additional 1,191,438 shares during the quarter. Epoch Investment Partners Inc. owned about 2.82% of Magnolia Oil & Gas worth $116,675,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Salomon & Ludwin LLC lifted its stake in shares of Magnolia Oil & Gas by 130.1% during the fourth quarter. Salomon & Ludwin LLC now owns 1,344 shares of the company’s stock valued at $29,000 after acquiring an additional 760 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Magnolia Oil & Gas by 165.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the company’s stock valued at $31,000 after acquiring an additional 864 shares during the period. Torren Management LLC acquired a new position in shares of Magnolia Oil & Gas during the fourth quarter valued at $38,000. Parallel Advisors LLC lifted its stake in shares of Magnolia Oil & Gas by 79.8% during the fourth quarter. Parallel Advisors LLC now owns 1,769 shares of the company’s stock valued at $39,000 after acquiring an additional 785 shares during the period. Finally, First Horizon Corp lifted its stake in shares of Magnolia Oil & Gas by 159.8% during the fourth quarter. First Horizon Corp now owns 1,889 shares of the company’s stock valued at $41,000 after acquiring an additional 1,162 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analysts Set New Price Targets

MGY has been the topic of several research reports. Mizuho upped their price target on Magnolia Oil & Gas from $33.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Weiss Ratings downgraded Magnolia Oil & Gas from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. UBS Group upped their price objective on Magnolia Oil & Gas from $29.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Siebert Williams Shank downgraded Magnolia Oil & Gas from a “buy” rating to a “hold” rating in a report on Friday, March 6th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $32.00 price objective (up from $29.00) on shares of Magnolia Oil & Gas in a report on Wednesday, April 8th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $31.42.

Magnolia Oil & Gas Trading Up 1.3%

NYSE MGY opened at $27.59 on Friday. The stock has a 50-day simple moving average of $28.92 and a 200 day simple moving average of $26.65. The company has a market capitalization of $5.10 billion, a PE ratio of 16.04 and a beta of 0.71. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. Magnolia Oil & Gas Corp has a 12 month low of $21.07 and a 12 month high of $32.76.

Magnolia Oil & Gas (NYSE:MGY) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $358.51 million during the quarter, compared to the consensus estimate of $349.89 million. Magnolia Oil & Gas had a return on equity of 16.28% and a net margin of 24.40%.The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 earnings per share. Research analysts forecast that Magnolia Oil & Gas Corp will post 2.82 EPS for the current year.

Magnolia Oil & Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, May 12th. Magnolia Oil & Gas’s dividend payout ratio is 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).