41,000 Shares in Magnolia Oil & Gas Co. (NYSE:MGY) Acquired by Defender Capital LLC.

Defender Capital LLC. bought a new stake in shares of Magnolia Oil & Gas Co. (NYSE:MGYFree Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 41,000 shares of the company’s stock, valued at approximately $873,000. Magnolia Oil & Gas makes up 0.3% of Defender Capital LLC.’s portfolio, making the stock its 18th largest position.

Several other hedge funds have also recently added to or reduced their stakes in MGY. VisionPoint Advisory Group LLC increased its holdings in shares of Magnolia Oil & Gas by 112.3% during the third quarter. VisionPoint Advisory Group LLC now owns 1,537 shares of the company’s stock valued at $35,000 after purchasing an additional 813 shares during the period. State of Wyoming raised its position in shares of Magnolia Oil & Gas by 38.8% during the 2nd quarter. State of Wyoming now owns 2,552 shares of the company’s stock worth $53,000 after buying an additional 713 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Magnolia Oil & Gas by 42.4% during the 1st quarter. Captrust Financial Advisors now owns 3,608 shares of the company’s stock worth $85,000 after buying an additional 1,075 shares in the last quarter. Financial Management Professionals Inc. lifted its stake in shares of Magnolia Oil & Gas by 48.7% in the 3rd quarter. Financial Management Professionals Inc. now owns 3,794 shares of the company’s stock worth $87,000 after acquiring an additional 1,242 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Magnolia Oil & Gas by 22.2% in the first quarter. UBS Group AG now owns 4,653 shares of the company’s stock valued at $110,000 after acquiring an additional 846 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Magnolia Oil & Gas Trading Up 1.5 %

Magnolia Oil & Gas stock opened at $26.62 on Thursday. Magnolia Oil & Gas Co. has a 52 week low of $18.72 and a 52 week high of $26.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 1.67 and a beta of 2.05. The company has a 50 day moving average price of $22.77 and a 200 day moving average price of $22.07.

Magnolia Oil & Gas (NYSE:MGYGet Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.04). The business had revenue of $322.63 million for the quarter, compared to analyst estimates of $324.95 million. Magnolia Oil & Gas had a return on equity of 21.21% and a net margin of 31.65%. Research analysts forecast that Magnolia Oil & Gas Co. will post 2 EPS for the current year.

Magnolia Oil & Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a dividend of $0.13 per share. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Thursday, February 15th. Magnolia Oil & Gas’s payout ratio is currently 25.37%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. The Goldman Sachs Group boosted their target price on Magnolia Oil & Gas from $24.50 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. Truist Financial upped their price objective on Magnolia Oil & Gas from $32.00 to $33.00 and gave the company a “buy” rating in a report on Friday, February 16th. Bank of America started coverage on Magnolia Oil & Gas in a report on Tuesday, February 27th. They set a “buy” rating and a $25.00 target price on the stock. Mizuho raised their price objective on shares of Magnolia Oil & Gas from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Finally, Piper Sandler cut their target price on shares of Magnolia Oil & Gas from $30.00 to $29.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $25.71.

Check Out Our Latest Research Report on Magnolia Oil & Gas

Magnolia Oil & Gas Profile

(Free Report)

Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation.

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Institutional Ownership by Quarter for Magnolia Oil & Gas (NYSE:MGY)

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