Boothbay Fund Management LLC acquired a new stake in Magnolia Oil & Gas Co. (NYSE:MGY – Get Rating) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 14,682 shares of the company’s stock, valued at approximately $291,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ten Capital Wealth Advisors LLC purchased a new stake in Magnolia Oil & Gas in the second quarter valued at approximately $28,000. CWM LLC lifted its stake in Magnolia Oil & Gas by 60.6% in the third quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $32,000 after buying an additional 617 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in Magnolia Oil & Gas in the third quarter valued at approximately $56,000. Rockefeller Capital Management L.P. lifted its stake in Magnolia Oil & Gas by 65.1% in the third quarter. Rockefeller Capital Management L.P. now owns 3,648 shares of the company’s stock valued at $72,000 after buying an additional 1,439 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in Magnolia Oil & Gas by 42.4% in the first quarter. Captrust Financial Advisors now owns 3,608 shares of the company’s stock valued at $85,000 after buying an additional 1,075 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.
Magnolia Oil & Gas Trading Up 1.8 %
Shares of MGY stock opened at $23.24 on Friday. The business’s fifty day moving average price is $22.87 and its 200 day moving average price is $23.46. Magnolia Oil & Gas Co. has a 1-year low of $18.01 and a 1-year high of $30.31. The firm has a market capitalization of $4.97 billion, a PE ratio of 4.93 and a beta of 2.14. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.50 and a quick ratio of 2.50.
Magnolia Oil & Gas Increases Dividend
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. Mizuho assumed coverage on Magnolia Oil & Gas in a report on Monday, January 9th. They issued a “buy” rating and a $32.00 target price on the stock. Piper Sandler dropped their target price on Magnolia Oil & Gas from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, January 11th. Roth Capital reissued a “buy” rating on shares of Magnolia Oil & Gas in a report on Tuesday, February 14th. TheStreet lowered Magnolia Oil & Gas from a “b-” rating to a “c+” rating in a report on Wednesday, December 7th. Finally, Credit Suisse Group boosted their target price on Magnolia Oil & Gas from $28.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, February 16th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.00.
About Magnolia Oil & Gas
Magnolia Oil & Gas Corp. engages in oil and gas exploration and production business. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on July 31, 2018 and is headquartered in Houston, TX.
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