52,288 Shares in Magnolia Oil & Gas Corp $MGY Bought by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new stake in Magnolia Oil & Gas Corp (NYSE:MGY) during the fourth quarter, HoldingsChannel reports. The fund bought 52,288 shares of the company’s stock, valued at approximately $1,141,000.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Magnolia Oil & Gas by 77.7% during the 1st quarter. AQR Capital Management LLC now owns 56,346 shares of the company’s stock valued at $1,423,000 after purchasing an additional 24,631 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 buying an additional 4,512 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Magnolia Oil & Gas by 8.2% in the first 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 buying an additional 18,447 shares in the last quarter. Intech Investment Management LLC boosted its stake in Magnolia Oil & Gas by 11.3% in the first quarter. Intech Investment Management LLC now owns 68,814 shares of the company’s stock worth $1,738,000 after buying an additional 7,008 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Magnolia Oil & Gas by 165.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the company’s stock worth $31,000 after buying an additional 864 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Magnolia Oil & Gas Stock Down 0.1%

Shares of NYSE:MGY opened at $25.78 on Monday. The stock’s 50-day moving average is $27.59 and its 200 day moving average is $27.16. The company has a market cap of $4.77 billion, a PE ratio of 14.99 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.10 and a quick ratio of 1.10. Magnolia Oil & Gas Corp has a 1 year low of $21.07 and a 1 year high of $32.76.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $358.51 million for the quarter, compared to analyst estimates of $349.89 million. During the same period last year, the company earned $0.54 EPS. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Sell-side analysts anticipate that Magnolia Oil & Gas Corp will post 2.75 EPS for the current year.

Magnolia Oil & Gas Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on MGY. Roth Capital raised shares of Magnolia Oil & Gas from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Monday, June 22nd. Mizuho upped their price objective on shares of Magnolia Oil & Gas from $33.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. KeyCorp reaffirmed an “overweight” rating on shares of Magnolia Oil & Gas in a report on Monday, June 29th. Citigroup decreased their target price 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, Weiss Ratings downgraded shares of Magnolia Oil & Gas from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Magnolia Oil & Gas presently has a consensus rating of “Hold” and a consensus target price of $31.08.

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).