Cwm LLC Buys 7,565 Shares of Magnolia Oil & Gas Corp $MGY

Cwm LLC lifted its stake in Magnolia Oil & Gas Corp (NYSE:MGY) by 270.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,361 shares of the company’s stock after acquiring an additional 7,565 shares during the period. Cwm LLC’s holdings in Magnolia Oil & Gas were worth $233,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Magnolia Oil & Gas by 98.6% during the second quarter. GAMMA Investing LLC now owns 5,009 shares of the company’s stock valued at $113,000 after purchasing an additional 2,487 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Magnolia Oil & Gas by 34.3% in the first quarter. Smartleaf Asset Management LLC now owns 5,072 shares of the company’s stock valued at $128,000 after purchasing an additional 1,295 shares during the period. Pacer Advisors Inc. bought a new position in shares of Magnolia Oil & Gas in the first quarter valued at approximately $136,000. State of Wyoming raised its position in shares of Magnolia Oil & Gas by 8.2% in the first quarter. State of Wyoming now owns 5,777 shares of the company’s stock valued at $146,000 after purchasing an additional 440 shares during the period. Finally, Bayforest Capital Ltd raised its position in shares of Magnolia Oil & Gas by 50.2% in the first quarter. Bayforest Capital Ltd now owns 7,960 shares of the company’s stock valued at $201,000 after purchasing an additional 2,661 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Magnolia Oil & Gas Price Performance

Shares of MGY stock opened at $23.19 on Tuesday. Magnolia Oil & Gas Corp has a 12 month low of $19.09 and a 12 month high of $29.02. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average of $23.89 and a two-hundred day moving average of $23.08. The company has a market capitalization of $4.43 billion, a P/E ratio of 12.14, a P/E/G ratio of 3.12 and a beta of 1.24.

Magnolia Oil & Gas (NYSE:MGY) last posted its earnings results on Wednesday, July 30th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The business had revenue of $318.98 million during the quarter, compared to the consensus estimate of $311.58 million. Magnolia Oil & Gas had a return on equity of 19.34% and a net margin of 27.57%.Magnolia Oil & Gas’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. As a group, equities analysts expect that Magnolia Oil & Gas Corp will post 2.1 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Magnolia Oil & Gas in a research report on Wednesday, October 8th. KeyCorp set a $29.00 price target on Magnolia Oil & Gas and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. William Blair began coverage on Magnolia Oil & Gas in a research report on Monday, August 25th. They issued an “outperform” rating on the stock. Mizuho dropped their price target on Magnolia Oil & Gas from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Finally, Piper Sandler lifted their price target on Magnolia Oil & Gas from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.33.

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.