Magnolia Oil & Gas Corp (NYSE:MGY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Magnolia Oil & Gas Corp (NYSE:MGY) have been given a consensus recommendation of “Hold” by the fourteen analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $26.25.

MGY has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Magnolia Oil & Gas in a research report on Wednesday, October 8th. Piper Sandler reduced their price target on Magnolia Oil & Gas from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, November 18th. William Blair assumed coverage on shares of Magnolia Oil & Gas in a report on Monday, August 25th. They issued an “outperform” rating for the company. Mizuho lifted their target price on shares of Magnolia Oil & Gas from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Finally, KeyCorp set a $29.00 price target on shares of Magnolia Oil & Gas and gave the company an “overweight” rating in a research report on Wednesday, October 15th.

Hedge Funds Weigh In On Magnolia Oil & Gas

Several institutional investors have recently added to or reduced their stakes in MGY. State of Wyoming increased its position in Magnolia Oil & Gas by 8.2% in the 1st quarter. State of Wyoming now owns 5,777 shares of the company’s stock valued at $146,000 after buying an additional 440 shares in the last quarter. Vista Finance LLC grew its stake in Magnolia Oil & Gas by 4.0% in the second quarter. Vista Finance LLC now owns 12,134 shares of the company’s stock valued at $273,000 after acquiring an additional 471 shares during the period. Coldstream Capital Management Inc. increased its holdings in shares of Magnolia Oil & Gas by 3.1% during the third quarter. Coldstream Capital Management Inc. now owns 15,937 shares of the company’s stock valued at $380,000 after acquiring an additional 482 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Magnolia Oil & Gas by 1.2% during the second quarter. ProShare Advisors LLC now owns 41,617 shares of the company’s stock valued at $936,000 after acquiring an additional 495 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Magnolia Oil & Gas by 13.2% during the third quarter. Farther Finance Advisors LLC now owns 4,284 shares of the company’s stock worth $102,000 after purchasing an additional 500 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Magnolia Oil & Gas Stock Up 0.9%

Shares of MGY opened at $23.14 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20. Magnolia Oil & Gas has a 12 month low of $19.09 and a 12 month high of $27.90. The firm’s 50 day moving average is $23.12 and its 200-day moving average is $23.32. The stock has a market capitalization of $4.37 billion, a PE ratio of 12.92, a P/E/G ratio of 3.11 and a beta of 1.18.

Magnolia Oil & Gas (NYSE:MGY) last released its earnings results on Wednesday, October 29th. The company reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. Magnolia Oil & Gas had a net margin of 25.90% and a return on equity of 18.10%. The firm had revenue of $324.94 million for the quarter, compared to analyst estimates of $322.52 million. During the same period last year, the firm earned $0.52 EPS. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. Equities research analysts forecast that Magnolia Oil & Gas will post 2.1 EPS for the current year.

Magnolia Oil & Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 10th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, November 10th. Magnolia Oil & Gas’s dividend payout ratio (DPR) is currently 33.52%.

About Magnolia Oil & Gas

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.