Cetera Investment Advisers Has $254,000 Stake in Magnolia Oil & Gas Co. (NYSE:MGY)

Cetera Investment Advisers grew its holdings in Magnolia Oil & Gas Co. (NYSE:MGY) by 26.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,852 shares of the company’s stock after purchasing an additional 2,265 shares during the quarter. Cetera Investment Advisers’ holdings in Magnolia Oil & Gas were worth $254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Isthmus Partners LLC lifted its stake in Magnolia Oil & Gas by 5.2% in the fourth quarter. Isthmus Partners LLC now owns 9,320 shares of the company’s stock valued at $218,000 after buying an additional 460 shares during the period. OneDigital Investment Advisors LLC lifted its position in shares of Magnolia Oil & Gas by 3.0% during the 4th quarter. OneDigital Investment Advisors LLC now owns 15,768 shares of the company’s stock valued at $369,000 after acquiring an additional 464 shares during the period. Mather Group LLC. lifted its position in shares of Magnolia Oil & Gas by 100.0% during the 4th quarter. Mather Group LLC. now owns 1,090 shares of the company’s stock valued at $25,000 after acquiring an additional 545 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Magnolia Oil & Gas by 1.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,783 shares of the company’s stock valued at $954,000 after acquiring an additional 564 shares during the period. Finally, Larson Financial Group LLC raised its holdings in shares of Magnolia Oil & Gas by 112.3% during the fourth quarter. Larson Financial Group LLC now owns 1,072 shares of the company’s stock valued at $25,000 after purchasing an additional 567 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MGY. Citigroup dropped their price objective on shares of Magnolia Oil & Gas from $22.00 to $19.00 and set a “sell” rating on the stock in a report on Tuesday, April 8th. UBS Group assumed coverage on Magnolia Oil & Gas in a research note on Tuesday, April 22nd. They set a “buy” rating and a $26.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Magnolia Oil & Gas from $28.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Williams Trading set a $29.00 target price on Magnolia Oil & Gas in a research report on Wednesday, March 5th. Finally, Bank of America upped their target price on Magnolia Oil & Gas from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Magnolia Oil & Gas presently has a consensus rating of “Hold” and an average target price of $26.93.

Insiders Place Their Bets

In related news, CEO Christopher G. Stavros purchased 2,500 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average price of $22.05 per share, with a total value of $55,125.00. Following the acquisition, the chief executive officer now owns 892,372 shares of the company’s stock, valued at $19,676,802.60. This trade represents a 0.28% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Magnolia Oil & Gas Stock Down 1.9%

MGY opened at $21.48 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 1.47. The company’s 50-day moving average is $21.91 and its 200 day moving average is $23.76. Magnolia Oil & Gas Co. has a fifty-two week low of $19.09 and a fifty-two week high of $29.02. The firm has a market capitalization of $4.13 billion, a P/E ratio of 11.13, a PEG ratio of 3.01 and a beta of 1.25.

Magnolia Oil & Gas (NYSE:MGY) last posted its earnings results on Wednesday, April 30th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $350.30 million for the quarter, compared to analysts’ expectations of $337.83 million. Magnolia Oil & Gas had a net margin of 27.82% and a return on equity of 20.74%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. Research analysts expect that Magnolia Oil & Gas Co. will post 2.1 earnings per share for the current fiscal year.

Magnolia Oil & Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Monday, May 12th. Magnolia Oil & Gas’s payout ratio is 29.85%.

Magnolia Oil & Gas Profile

Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX.