Entropy Technologies LP Has $2.58 Million Position in Magnolia Oil & Gas Corp $MGY

Entropy Technologies LP increased its holdings in Magnolia Oil & Gas Corp (NYSE:MGY) by 51.3% in the 1st quarter, Holdings Channel reports. The fund owned 81,810 shares of the company’s stock after purchasing an additional 27,756 shares during the period. Entropy Technologies LP’s holdings in Magnolia Oil & Gas were worth $2,583,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Lido Advisors LLC boosted its position in Magnolia Oil & Gas by 2.4% during the fourth quarter. Lido Advisors LLC now owns 16,197 shares of the company’s stock valued at $382,000 after purchasing an additional 387 shares during the last quarter. Oak Family Advisors LLC lifted its position in shares of Magnolia Oil & Gas by 0.9% in the fourth quarter. Oak Family Advisors LLC now owns 47,620 shares of the company’s stock worth $1,042,000 after buying an additional 410 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Magnolia Oil & Gas by 10.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,624 shares of the company’s stock worth $102,000 after acquiring an additional 422 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Magnolia Oil & Gas by 8.0% during the 4th quarter. GAMMA Investing LLC now owns 6,130 shares of the company’s stock worth $134,000 after acquiring an additional 453 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its holdings in shares of Magnolia Oil & Gas by 3.1% during the 3rd 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 during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Magnolia Oil & Gas Trading Up 0.0%

Magnolia Oil & Gas stock opened at $25.33 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.10. The business’s 50-day simple moving average is $27.03 and its 200-day simple moving average is $27.46. The firm has a market capitalization of $4.69 billion, a PE ratio of 14.73 and a beta of 0.70. Magnolia Oil & Gas Corp has a 52 week low of $21.07 and a 52 week high of $32.76.

Magnolia Oil & Gas (NYSE:MGY) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Magnolia Oil & Gas had a return on equity of 16.28% and a net margin of 24.40%.The business had revenue of $358.51 million during the quarter, compared to analysts’ expectations of $349.89 million. During the same quarter in the previous year, the firm earned $0.54 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts forecast that Magnolia Oil & Gas Corp will post 2.7 earnings per share for the current year.

Magnolia Oil & Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, May 12th. Magnolia Oil & Gas’s payout ratio is currently 38.37%.

Wall Street Analysts Forecast Growth

MGY has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price objective on Magnolia Oil & Gas from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 13th. Susquehanna upped their target price on Magnolia Oil & Gas from $35.00 to $36.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. Weiss Ratings downgraded Magnolia Oil & Gas from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Citigroup dropped their price target on shares of Magnolia Oil & Gas from $35.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Finally, KeyCorp restated an “overweight” rating on shares of Magnolia Oil & Gas in a research note on Monday, June 29th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.42.

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).