Quantinno Capital Management LP Buys 105,532 Shares of Magnolia Oil & Gas Corp $MGY

Quantinno Capital Management LP boosted its position in shares of Magnolia Oil & Gas Corp (NYSE:MGY) by 355.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,229 shares of the company’s stock after acquiring an additional 105,532 shares during the quarter. Quantinno Capital Management LP owned 0.07% of Magnolia Oil & Gas worth $4,269,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in Magnolia Oil & Gas by 77.7% in the 1st quarter. AQR Capital Management LLC now owns 56,346 shares of the company’s stock valued at $1,423,000 after purchasing an additional 24,631 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Magnolia Oil & Gas by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 103,109 shares of the company’s stock valued at $2,605,000 after buying an additional 4,512 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Magnolia Oil & Gas by 8.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 242,880 shares of the company’s stock valued at $6,135,000 after buying an additional 18,447 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of Magnolia Oil & Gas by 11.3% during the 1st quarter. Intech Investment Management LLC now owns 68,814 shares of the company’s stock worth $1,738,000 after acquiring an additional 7,008 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Magnolia Oil & Gas by 165.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the company’s stock worth $31,000 after acquiring an additional 864 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Magnolia Oil & Gas Stock Up 1.3%

MGY opened at $25.07 on Friday. Magnolia Oil & Gas Corp has a fifty-two week low of $21.07 and a fifty-two week high of $32.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.10 and a current ratio of 1.58. The company has a market capitalization of $4.64 billion, a P/E ratio of 10.99 and a beta of 0.72. The stock has a fifty day moving average of $26.19 and a 200-day moving average of $27.59.

Magnolia Oil & Gas (NYSE:MGY) last announced its earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. Magnolia Oil & Gas had a net margin of 28.77% and a return on equity of 21.04%. The company had revenue of $478.81 million during the quarter, compared to analysts’ expectations of $458.10 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. Magnolia Oil & Gas’s quarterly revenue was up 50.1% on a year-over-year basis. On average, equities analysts expect that Magnolia Oil & Gas Corp will post 2.78 EPS for the current year.

Magnolia Oil & Gas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, August 10th. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.17. Magnolia Oil & Gas’s dividend payout ratio (DPR) is currently 38.37%.

Analysts Set New Price Targets

MGY has been the topic of a number of research analyst reports. Truist Financial upgraded Magnolia Oil & Gas from a “hold” rating to a “buy” rating and increased their price target for the company from $32.00 to $33.00 in a research note on Tuesday, July 28th. Roth Capital dropped their price objective on shares of Magnolia Oil & Gas from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings cut shares of Magnolia Oil & Gas from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Wall Street Zen raised shares of Magnolia Oil & Gas from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Susquehanna increased their price target on shares of Magnolia Oil & Gas from $35.00 to $36.00 and gave the company a “positive” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.50.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corp (NYSE: MGY) is an independent exploration and production company focused on the acquisition, development and optimization of onshore oil and gas assets in South Texas. Headquartered in Houston, the company concentrates its efforts on the Eagle Ford Shale, where it holds significant working interests in key producing counties.

The company’s core operations center on horizontal drilling and multi-stage completions designed to extract light crude oil, natural gas and natural gas liquids (NGLs).