Rafferty Asset Management LLC Has $5.81 Million Stock Position in Magnolia Oil & Gas Co. (NYSE:MGY)

Rafferty Asset Management LLC increased its holdings in Magnolia Oil & Gas Co. (NYSE:MGYFree Report) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272,737 shares of the company’s stock after acquiring an additional 10,930 shares during the period. Rafferty Asset Management LLC owned about 0.13% of Magnolia Oil & Gas worth $5,807,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MGY. Private Wealth Management Group LLC purchased a new stake in shares of Magnolia Oil & Gas in the fourth quarter valued at about $33,000. VisionPoint Advisory Group LLC grew its position in shares of Magnolia Oil & Gas by 112.3% in 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 in the last quarter. Quadrant Capital Group LLC increased its position in shares of Magnolia Oil & Gas by 40.4% during the fourth quarter. Quadrant Capital Group LLC now owns 4,623 shares of the company’s stock valued at $98,000 after buying an additional 1,331 shares during the period. Arlington Trust Co LLC purchased a new stake in Magnolia Oil & Gas in the 4th quarter worth approximately $113,000. Finally, Signaturefd LLC boosted its stake in Magnolia Oil & Gas by 11.9% during the fourth quarter. Signaturefd LLC now owns 9,313 shares of the company’s stock valued at $198,000 after buying an additional 988 shares during the period. Institutional investors own 94.73% of the company’s stock.

Magnolia Oil & Gas Stock Up 1.2 %

NYSE MGY opened at $24.36 on Friday. Magnolia Oil & Gas Co. has a 1 year low of $19.16 and a 1 year high of $27.33. The stock has a market capitalization of $4.94 billion, a PE ratio of 12.12, a PEG ratio of 1.35 and a beta of 2.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. The business’s 50-day moving average is $25.72 and its 200 day moving average is $23.13.

Magnolia Oil & Gas (NYSE:MGYGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. The firm had revenue of $319.42 million for the quarter, compared to analyst estimates of $308.21 million. Magnolia Oil & Gas had a return on equity of 20.41% and a net margin of 30.46%. Sell-side analysts forecast that Magnolia Oil & Gas Co. will post 2.25 earnings per share for the current year.

Magnolia Oil & Gas Dividend Announcement

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 $0.13 dividend. The ex-dividend date was Friday, May 10th. This represents a $0.52 annualized dividend and a yield of 2.13%. Magnolia Oil & Gas’s dividend payout ratio (DPR) is presently 25.87%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup increased their target price on Magnolia Oil & Gas from $18.00 to $22.00 and gave the company a “sell” rating in a research note on Monday, April 15th. Susquehanna boosted their price target on shares of Magnolia Oil & Gas from $28.00 to $31.00 and gave the stock a “positive” rating in a research note on Monday, April 22nd. Wells Fargo & Company raised their price objective on Magnolia Oil & Gas from $23.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, April 18th. Piper Sandler restated a “neutral” rating and set a $29.00 target price on shares of Magnolia Oil & Gas in a report on Friday, April 19th. Finally, Benchmark reiterated a “hold” rating on shares of Magnolia Oil & Gas in a research report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $28.13.

Read Our Latest Analysis on MGY

Insider Transactions at Magnolia Oil & Gas

In related news, Director John B. Walker sold 12,000,000 shares of the business’s 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 transaction, the director now owns 4,164,961 shares in the company, valued at $106,539,702.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

About Magnolia Oil & Gas

(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.

Featured Articles

Institutional Ownership 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.