Magnolia Oil & Gas Corp (NYSE:MGY) Director Michael G. Macdougall Sells 47,500 Shares of Stock

Share on StockTwits

Magnolia Oil & Gas Corp (NYSE:MGY) Director Michael G. Macdougall sold 47,500 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $11.32, for a total value of $537,700.00. Following the completion of the sale, the director now directly owns 21,961 shares of the company’s stock, valued at $248,598.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

NYSE MGY opened at $11.19 on Tuesday. The business has a 50 day simple moving average of $10.93 and a 200 day simple moving average of $10.92. Magnolia Oil & Gas Corp has a 52-week low of $9.27 and a 52-week high of $14.13. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 22.63 and a beta of 1.28.

Magnolia Oil & Gas (NYSE:MGY) last posted its earnings results on Monday, November 4th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Magnolia Oil & Gas had a return on equity of 2.81% and a net margin of 7.80%. The business had revenue of $244.80 million for the quarter, compared to the consensus estimate of $247.17 million. On average, analysts predict that Magnolia Oil & Gas Corp will post 0.35 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Man Group plc increased its stake in Magnolia Oil & Gas by 92.5% during the 2nd quarter. Man Group plc now owns 675,184 shares of the company’s stock worth $7,819,000 after purchasing an additional 324,501 shares in the last quarter. Rhumbline Advisers boosted its position in Magnolia Oil & Gas by 13.7% during the 3rd quarter. Rhumbline Advisers now owns 155,185 shares of the company’s stock worth $1,723,000 after acquiring an additional 18,652 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Magnolia Oil & Gas during the 3rd quarter worth approximately $2,349,000. Systematic Financial Management LP boosted its position in 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 worth $12,555,000 after acquiring an additional 15,679 shares during the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in Magnolia Oil & Gas during the 2nd quarter worth approximately $1,086,000. 68.56% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently commented on the company. Johnson Rice cut Magnolia Oil & Gas from a “buy” rating to an “accumulate” rating in a research note on Tuesday, November 19th. Barclays assumed coverage on Magnolia Oil & Gas in a research note on Friday, August 30th. They issued an “overweight” rating and a $13.00 price target for the company. ValuEngine raised Magnolia Oil & Gas from a “sell” rating to a “hold” rating in a research note on Tuesday. Citigroup increased their target price on Magnolia Oil & Gas from $11.50 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 23rd. Finally, KeyCorp assumed coverage on Magnolia Oil & Gas in a research note on Wednesday, November 27th. They set an “overweight” rating and a $14.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $15.50.

Magnolia Oil & Gas Company Profile

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.

Recommended Story: Is it better to buy a fund with a higher or lower NAV?

Insider Buying and Selling by Quarter for Magnolia Oil & Gas (NYSE:MGY)

Receive News & Ratings for Magnolia Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magnolia Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.