Oak Family Advisors LLC Acquires 2,365 Shares of Magnolia Oil & Gas Co. (NYSE:MGY)

Oak Family Advisors LLC raised its holdings in Magnolia Oil & Gas Co. (NYSE:MGY) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,984 shares of the company’s stock after acquiring an additional 2,365 shares during the period. Oak Family Advisors LLC’s holdings in Magnolia Oil & Gas were worth $1,893,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MGY. Soros Fund Management LLC acquired a new position in shares of Magnolia Oil & Gas during the third quarter worth approximately $18,120,000. Barclays PLC grew its stake in Magnolia Oil & Gas by 62.5% in the 3rd quarter. Barclays PLC now owns 1,653,736 shares of the company’s stock valued at $40,383,000 after purchasing an additional 636,049 shares during the period. State Street Corp grew its stake in shares of Magnolia Oil & Gas by 4.2% during the 3rd quarter. State Street Corp now owns 10,700,257 shares of the company’s stock worth $261,300,000 after acquiring an additional 435,326 shares during the period. Centiva Capital LP grew its stake in shares of Magnolia Oil & Gas by 767.6% during the 3rd quarter. Centiva Capital LP now owns 487,148 shares of the company’s stock worth $11,896,000 after acquiring an additional 430,996 shares during the period. Finally, Loomis Sayles & Co. L P grew its stake in shares of 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 worth $67,950,000 after acquiring an additional 253,911 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Magnolia Oil & Gas Price Performance

Shares of MGY stock opened at $23.71 on Monday. The stock’s 50-day simple moving average is $25.15 and its 200-day simple moving average is $25.46. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 2.98 and a beta of 1.98. Magnolia Oil & Gas Co. has a fifty-two week low of $19.53 and a fifty-two week high of $29.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.47.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Benchmark restated a “hold” rating on shares of Magnolia Oil & Gas in a research report on Tuesday, October 15th. Bank of America reaffirmed a “neutral” rating and issued a $28.00 target price (down previously from $29.00) on shares of Magnolia Oil & Gas in a research note on Monday, January 13th. Mizuho upped 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. Siebert Williams Shank lowered shares of Magnolia Oil & Gas from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a report on Tuesday, October 15th. Finally, Johnson Rice lowered shares of Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.58.

Magnolia Oil & Gas Company 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.