Natixis Advisors L.P. Sells 941 Shares of Magnolia Oil & Gas Co. (NYSE:MGY)

Natixis Advisors L.P. decreased its holdings in shares of Magnolia Oil & Gas Co. (NYSE:MGYGet Rating) by 0.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,229 shares of the company’s stock after selling 941 shares during the period. Natixis Advisors L.P.’s holdings in Magnolia Oil & Gas were worth $2,654,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp grew its holdings in shares of Magnolia Oil & Gas by 4.1% during the 1st quarter. M&T Bank Corp now owns 16,665 shares of the company’s stock worth $394,000 after acquiring an additional 653 shares during the period. Arizona State Retirement System grew its stake in shares of Magnolia Oil & Gas by 4.1% in the 1st quarter. Arizona State Retirement System now owns 39,315 shares of the company’s stock worth $930,000 after buying an additional 1,563 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Magnolia Oil & Gas by 6.8% in the 1st quarter. Principal Financial Group Inc. now owns 26,188 shares of the company’s stock worth $619,000 after buying an additional 1,664 shares during the last quarter. FCF Advisors LLC grew its stake in shares of Magnolia Oil & Gas by 2.7% in the 1st quarter. FCF Advisors LLC now owns 68,060 shares of the company’s stock worth $1,610,000 after buying an additional 1,782 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. grew its stake in shares of Magnolia Oil & Gas by 1,748.0% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 2,310 shares of the company’s stock worth $55,000 after buying an additional 2,185 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Analyst Upgrades and Downgrades

MGY has been the topic of several recent research reports. Truist Financial upped their price target on Magnolia Oil & Gas from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, July 19th. MKM Partners restated a “buy” rating and issued a $26.00 price target on shares of Magnolia Oil & Gas in a research note on Wednesday, July 20th. Finally, Wells Fargo & Company upped their price target on Magnolia Oil & Gas from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, July 11th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.56.

Magnolia Oil & Gas Price Performance

NYSE MGY opened at $22.05 on Thursday. The business’s fifty day moving average price is $22.34 and its 200-day moving average price is $23.70. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 5.94 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.25 and a quick ratio of 2.25. Magnolia Oil & Gas Co. has a 1-year low of $15.45 and a 1-year high of $30.31.

Magnolia Oil & Gas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 12th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.40 annualized dividend and a dividend yield of 1.81%. Magnolia Oil & Gas’s payout ratio is 5.39%.

Magnolia Oil & Gas Company Profile

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Magnolia Oil & Gas Corporation 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 Field 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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