Magnolia Oil & Gas Co. (NYSE:MGY) Receives Average Rating of “Hold” from Analysts

Shares of Magnolia Oil & Gas Co. (NYSE:MGY) have received a consensus rating of “Hold” from the ten analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $28.11.

Several equities research analysts have issued reports on MGY shares. Wells Fargo & Company boosted their price target on shares of Magnolia Oil & Gas from $23.00 to $27.00 and gave the company an “equal weight” rating in a report on Thursday, April 18th. Benchmark reissued a “hold” rating on shares of Magnolia Oil & Gas in a report on Tuesday, April 23rd. Citigroup boosted their price target on shares of Magnolia Oil & Gas from $18.00 to $22.00 and gave the company a “sell” rating in a report on Monday, April 15th. Capital One Financial began coverage on shares of Magnolia Oil & Gas in a report on Tuesday, June 11th. They issued an “overweight” rating and a $28.00 price target on the stock. Finally, Mizuho upped their target price on shares of Magnolia Oil & Gas from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, May 13th.

Magnolia Oil & Gas Price Performance

NYSE:MGY opened at $25.34 on Friday. The stock has a market cap of $5.14 billion, a P/E ratio of 12.61, a PEG ratio of 1.41 and a beta of 2.00. Magnolia Oil & Gas has a one year low of $19.16 and a one year high of $27.33. The company has a fifty day moving average price of $25.22 and a 200 day moving average price of $23.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71.

Magnolia Oil & Gas (NYSE:MGY) last released its earnings results on Tuesday, May 7th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.44 by $0.05. The firm had revenue of $319.42 million during the quarter, compared to analysts’ expectations of $308.21 million. Magnolia Oil & Gas had a net margin of 30.46% and a return on equity of 20.41%. Analysts anticipate that Magnolia Oil & Gas will post 2.25 earnings per share for the current year.

Magnolia Oil & Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Friday, May 10th. Magnolia Oil & Gas’s dividend payout ratio is currently 25.87%.

Insiders Place Their Bets

In other Magnolia Oil & Gas news, Director John B. Walker sold 12,000,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $25.58, for a total transaction of $306,960,000.00. Following the sale, the director now owns 4,164,961 shares of the company’s stock, valued at approximately $106,539,702.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new position in Magnolia Oil & Gas during the 1st quarter valued at about $27,000. Private Wealth Management Group LLC acquired a new position in Magnolia Oil & Gas during the 4th quarter valued at about $33,000. VisionPoint Advisory Group LLC lifted its position in Magnolia Oil & Gas by 112.3% during the 3rd 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. Lindbrook Capital LLC lifted its position in Magnolia Oil & Gas by 61.5% during the 1st quarter. Lindbrook Capital LLC now owns 1,647 shares of the company’s stock valued at $43,000 after purchasing an additional 627 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Magnolia Oil & Gas in the 1st quarter valued at approximately $50,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

About Magnolia Oil & Gas

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.