Magnolia Oil & Gas Corp (NYSE:MGY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Magnolia Oil & Gas Corp (NYSE:MGY) have received an average rating of “Moderate Buy” from the sixteen analysts that are covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $27.25.

MGY has been the topic of several research analyst reports. Susquehanna dropped their target price on shares of Magnolia Oil & Gas from $30.00 to $28.00 and set a “positive” rating on the stock in a report on Monday, January 26th. BMO Capital Markets assumed coverage on shares of Magnolia Oil & Gas in a research report on Friday, January 9th. They issued an “outperform” rating and a $27.00 price objective on the stock. UBS Group reiterated a “buy” rating and set a $29.00 target price on shares of Magnolia Oil & Gas in a report on Friday, January 9th. Mizuho set a $30.00 price target on Magnolia Oil & Gas in a research note on Friday, February 6th. Finally, The Goldman Sachs Group upped their price objective on Magnolia Oil & Gas from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th.

Magnolia Oil & Gas Price Performance

Shares of MGY stock opened at $26.03 on Friday. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 15.13 and a beta of 0.96. Magnolia Oil & Gas has a 12-month low of $19.09 and a 12-month high of $27.47. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average of $23.55 and a 200-day moving average of $23.49.

Magnolia Oil & Gas (NYSE:MGY) last posted its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $317.63 million during the quarter, compared to analysts’ expectations of $322.18 million. Magnolia Oil & Gas had a return on equity of 16.67% and a net margin of 24.79%.The company’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 earnings per share. On average, equities research analysts forecast that Magnolia Oil & Gas will post 2.1 earnings per share for the current year.

Magnolia Oil & Gas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th will be given a dividend of $0.165 per share. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $0.66 dividend on an annualized basis and a yield of 2.5%. Magnolia Oil & Gas’s payout ratio is currently 38.37%.

Institutional Investors Weigh In On Magnolia Oil & Gas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its stake in shares of Magnolia Oil & Gas by 14.4% during the 4th quarter. AQR Capital Management LLC now owns 318,574 shares of the company’s stock worth $6,974,000 after buying an additional 40,086 shares during the last quarter. Cetera Investment Advisers boosted its position in Magnolia Oil & Gas by 3.9% during the fourth quarter. Cetera Investment Advisers now owns 16,682 shares of the company’s stock valued at $365,000 after purchasing an additional 621 shares during the last quarter. Trexquant Investment LP grew its stake in Magnolia Oil & Gas by 188.0% in the fourth quarter. Trexquant Investment LP now owns 392,595 shares of the company’s stock valued at $8,594,000 after purchasing an additional 256,297 shares in the last quarter. BTG Pactual Asset Management US LLC bought a new position in Magnolia Oil & Gas in the fourth quarter valued at approximately $206,000. Finally, Laurion Capital Management LP acquired a new position in shares of Magnolia Oil & Gas during the 4th quarter worth approximately $675,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Magnolia Oil & Gas Company 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).