Sanctuary Advisors LLC Has $443,000 Holdings in Magnolia Oil & Gas Co. (NYSE:MGY)

Sanctuary Advisors LLC lifted its holdings in Magnolia Oil & Gas Co. (NYSE:MGY) by 11.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 18,123 shares of the company’s stock after acquiring an additional 1,857 shares during the quarter. Sanctuary Advisors LLC’s holdings in Magnolia Oil & Gas were worth $443,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in Magnolia Oil & Gas by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,976,184 shares of the company’s stock worth $50,077,000 after acquiring an additional 36,018 shares during the period. Signaturefd LLC raised its stake in Magnolia Oil & Gas by 14.5% in the second quarter. Signaturefd LLC now owns 11,112 shares of the company’s stock valued at $282,000 after purchasing an additional 1,409 shares in the last quarter. Natixis Advisors LLC lifted its position in Magnolia Oil & Gas by 30.3% during the second quarter. Natixis Advisors LLC now owns 93,698 shares of the company’s stock worth $2,374,000 after purchasing an additional 21,774 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Magnolia Oil & Gas during the second quarter worth about $2,212,000. Finally, Gallacher Capital Management LLC bought a new position in Magnolia Oil & Gas in the 2nd quarter valued at about $660,000. 94.73% of the stock is owned by institutional investors.

Magnolia Oil & Gas Stock Down 0.5 %

NYSE:MGY opened at $23.12 on Friday. Magnolia Oil & Gas Co. has a one year low of $19.16 and a one year high of $29.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market cap of $4.54 billion, a PE ratio of 11.45, a P/E/G ratio of 1.29 and a beta of 1.99. The firm’s 50 day simple moving average is $26.12 and its 200 day simple moving average is $25.57.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $333.14 million for the quarter, compared to analyst estimates of $331.45 million. Magnolia Oil & Gas had a net margin of 28.88% and a return on equity of 20.78%. On average, research analysts anticipate that Magnolia Oil & Gas Co. will post 2 earnings per share for the current year.

Magnolia Oil & Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 8th were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.25%. Magnolia Oil & Gas’s dividend payout ratio (DPR) is presently 25.74%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wells Fargo & Company lowered shares of Magnolia Oil & Gas from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $26.00 to $22.00 in a research report on Tuesday, October 1st. JPMorgan Chase & Co. reduced their target price on Magnolia Oil & Gas from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Siebert Williams Shank lowered Magnolia Oil & Gas from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research note on Tuesday, October 15th. Benchmark restated a “hold” rating on shares of Magnolia Oil & Gas in a research report on Tuesday, October 15th. Finally, Susquehanna decreased their target price on Magnolia Oil & Gas from $33.00 to $32.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.58.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation.