Magnolia Oil & Gas Corp $MGY Stock Holdings Lifted by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp grew its position in Magnolia Oil & Gas Corp (NYSE:MGY) by 29.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,653 shares of the company’s stock after purchasing an additional 21,725 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.05% of Magnolia Oil & Gas worth $2,307,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. AQR Capital Management LLC increased its position in Magnolia Oil & Gas by 77.7% during the first quarter. AQR Capital Management LLC now owns 56,346 shares of the company’s stock worth $1,423,000 after buying an additional 24,631 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Magnolia Oil & Gas by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 103,109 shares of the company’s stock worth $2,605,000 after purchasing an additional 4,512 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Magnolia Oil & Gas by 8.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 242,880 shares of the company’s stock worth $6,135,000 after purchasing an additional 18,447 shares during the last quarter. Intech Investment Management LLC boosted its position in Magnolia Oil & Gas by 11.3% during the first quarter. Intech Investment Management LLC now owns 68,814 shares of the company’s stock worth $1,738,000 after purchasing an additional 7,008 shares during the period. Finally, 111 Capital acquired a new position in Magnolia Oil & Gas during the second quarter valued at approximately $316,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Magnolia Oil & Gas Price Performance

Shares of MGY stock opened at $25.51 on Friday. Magnolia Oil & Gas Corp has a 12 month low of $19.09 and a 12 month high of $26.48. The company has a market capitalization of $4.81 billion, a P/E ratio of 14.25, a P/E/G ratio of 4.22 and a beta of 0.92. The stock has a 50 day moving average of $22.78 and a two-hundred day moving average of $23.26. 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 (NYSE:MGY) last issued its earnings results on Wednesday, October 29th. The company reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. The business had revenue of $324.94 million during the quarter, compared to analyst estimates of $322.52 million. Magnolia Oil & Gas had a return on equity of 18.10% and a net margin of 25.90%.Magnolia Oil & Gas’s revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. As a group, equities analysts expect that Magnolia Oil & Gas Corp will post 2.1 EPS for the current year.

Magnolia Oil & Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.6%. This is a positive change from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. Magnolia Oil & Gas’s dividend payout ratio is currently 33.52%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Mizuho set a $29.00 target price on shares of Magnolia Oil & Gas in a research note on Friday, December 12th. Benchmark reaffirmed a “hold” rating on shares of Magnolia Oil & Gas in a research report on Wednesday, January 21st. BMO Capital Markets started coverage on Magnolia Oil & Gas in a research report on Friday, January 9th. They set an “outperform” rating and a $27.00 price objective for the company. Susquehanna lowered their target price on Magnolia Oil & Gas from $30.00 to $28.00 and set a “positive” rating on the stock in a report on Monday. Finally, 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. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.64.

Magnolia Oil & Gas Profile

Magnolia Oil & Gas Corp (NYSE: MGY) is an independent exploration and production company focused on the acquisition, development and optimization of onshore oil and gas assets in South Texas. Headquartered in Houston, the company concentrates its efforts on the Eagle Ford Shale, where it holds significant working interests in key producing counties.

The company’s core operations center on horizontal drilling and multi-stage completions designed to extract light crude oil, natural gas and natural gas liquids (NGLs).