Natixis Advisors LLC Has $2.06 Million Position in Magnolia Oil & Gas Co. (NYSE:MGY)

Natixis Advisors LLC decreased its holdings in Magnolia Oil & Gas Co. (NYSE:MGY) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,146 shares of the company’s stock after selling 8,790 shares during the quarter. Natixis Advisors LLC’s holdings in Magnolia Oil & Gas were worth $2,061,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Magnolia Oil & Gas by 4.2% in the 3rd quarter. State Street Corp now owns 10,700,257 shares of the company’s stock valued at $261,300,000 after purchasing an additional 435,326 shares in the last quarter. Geode Capital Management LLC boosted its position in Magnolia Oil & Gas by 2.9% in the third quarter. Geode Capital Management LLC now owns 4,107,769 shares of the company’s stock valued at $100,332,000 after buying an additional 116,431 shares in the last quarter. Boston Trust Walden Corp grew its stake in Magnolia Oil & Gas by 9.5% during the fourth quarter. Boston Trust Walden Corp now owns 3,090,587 shares of the company’s stock worth $72,258,000 after buying an additional 267,461 shares during the last quarter. Systematic Financial Management LP boosted its holdings in shares of Magnolia Oil & Gas by 7.5% in the 3rd quarter. Systematic Financial Management LP now owns 2,920,018 shares of the company’s stock worth $71,307,000 after acquiring an additional 203,514 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in Magnolia Oil & Gas by 10.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,782,550 shares of the company’s stock valued at $67,950,000 after purchasing an additional 253,911 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MGY shares. The Goldman Sachs Group lowered Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $27.00 to $26.00 in a research note on Friday, January 31st. Williams Trading set a $29.00 target price on shares of Magnolia Oil & Gas in a research report on Wednesday, March 5th. Mizuho raised their price target on shares of Magnolia Oil & Gas from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Johnson Rice downgraded Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Truist Financial lifted their target price on Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $27.77.

Insiders Place Their Bets

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros bought 2,500 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of $22.05 per share, with a total value of $55,125.00. Following the purchase, the chief executive officer now owns 892,372 shares in the company, valued at $19,676,802.60. This trade represents a 0.28 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

Magnolia Oil & Gas Price Performance

Magnolia Oil & Gas stock opened at $25.16 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $4.88 billion, a P/E ratio of 13.03, a PEG ratio of 3.01 and a beta of 1.90. The business has a 50-day moving average of $24.15 and a 200-day moving average of $25.03. Magnolia Oil & Gas Co. has a 1 year low of $21.63 and a 1 year high of $29.02.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The firm had revenue of $326.61 million during the quarter, compared to analysts’ expectations of $327.40 million. Magnolia Oil & Gas had a net margin of 27.82% and a return on equity of 20.74%. On average, equities analysts anticipate that Magnolia Oil & Gas Co. will post 2.1 EPS for the current year.

Magnolia Oil & Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $0.15 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.39%. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. Magnolia Oil & Gas’s dividend payout ratio is currently 31.09%.

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.