Stratos Wealth Advisors LLC Grows Position in Magnolia Oil & Gas Co. (NYSE:MGY)

Stratos Wealth Advisors LLC increased its position in Magnolia Oil & Gas Co. (NYSE:MGY) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,968 shares of the company’s stock after buying an additional 1,473 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Magnolia Oil & Gas were worth $766,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MGY. VisionPoint Advisory Group LLC grew its position in shares of Magnolia Oil & Gas by 112.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,537 shares of the company’s stock worth $35,000 after buying an additional 813 shares during the last quarter. State of Wyoming increased its position in shares of Magnolia Oil & Gas by 38.8% during the second quarter. State of Wyoming now owns 2,552 shares of the company’s stock valued at $53,000 after buying an additional 713 shares during the period. Captrust Financial Advisors raised 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 worth $85,000 after buying an additional 1,075 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in Magnolia Oil & Gas by 48.7% in the third quarter. Financial Management Professionals Inc. now owns 3,794 shares of the company’s stock worth $87,000 after buying an additional 1,242 shares during the period. Finally, UBS Group AG boosted its position in Magnolia Oil & Gas by 22.2% during the 1st quarter. UBS Group AG now owns 4,653 shares of the company’s stock valued at $110,000 after acquiring an additional 846 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MGY has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on Magnolia Oil & Gas from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Friday, January 19th. The Goldman Sachs Group upped their price objective on Magnolia Oil & Gas from $24.50 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, March 26th. Piper Sandler decreased their price target on Magnolia Oil & Gas from $30.00 to $29.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. Mizuho boosted their target price on Magnolia Oil & Gas from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Finally, Bank of America began coverage on shares of Magnolia Oil & Gas in a research note on Tuesday, February 27th. They issued a “buy” rating and a $25.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.71.

Magnolia Oil & Gas Stock Performance

MGY opened at $26.98 on Monday. The company’s 50 day moving average is $23.01 and its 200 day moving average is $22.13. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.21. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 1.72 and a beta of 2.05. Magnolia Oil & Gas Co. has a 12-month low of $18.72 and a 12-month high of $27.20.

Magnolia Oil & Gas (NYSE:MGY) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.04). Magnolia Oil & Gas had a return on equity of 21.21% and a net margin of 31.65%. The business had revenue of $322.63 million during the quarter, compared to the consensus estimate of $324.95 million. On average, equities research analysts predict that Magnolia Oil & Gas Co. will post 2 EPS for the current year.

Magnolia Oil & Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.93%. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.12. Magnolia Oil & Gas’s dividend payout ratio (DPR) is 25.37%.

About Magnolia Oil & Gas

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.