Arlington Partners LLC Takes $61,000 Position in Magnolia Oil & Gas Co. (NYSE:MGY)

Arlington Partners LLC acquired a new position in shares of Magnolia Oil & Gas Co. (NYSE:MGY) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,320 shares of the company’s stock, valued at approximately $61,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MGY. Price T Rowe Associates Inc. MD boosted its stake in shares of Magnolia Oil & Gas by 6.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,479,052 shares of the company’s stock worth $130,462,000 after acquiring an additional 1,084,292 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Magnolia Oil & Gas by 10.2% during the 4th quarter. BlackRock Inc. now owns 10,270,586 shares of the company’s stock worth $72,511,000 after acquiring an additional 947,546 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Magnolia Oil & Gas during the 1st quarter worth $10,053,000. JPMorgan Chase & Co. boosted its stake in shares of Magnolia Oil & Gas by 85.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,784,044 shares of the company’s stock worth $12,595,000 after acquiring an additional 820,602 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Magnolia Oil & Gas during the 4th quarter worth $2,493,000. 69.34% of the stock is owned by institutional investors and hedge funds.

MGY stock opened at $10.75 on Friday. Magnolia Oil & Gas Co. has a twelve month low of $4.09 and a twelve month high of $13.35. The company has a market cap of $2.62 billion, a PE ratio of -1.46 and a beta of 2.72. The business’s 50-day simple moving average is $11.82 and its 200 day simple moving average is $8.53. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.48.

Magnolia Oil & Gas (NYSE:MGY) last released its earnings results on Monday, February 22nd. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The business had revenue of $149.24 million for the quarter, compared to the consensus estimate of $141.29 million. Magnolia Oil & Gas had a negative return on equity of 1.06% and a negative net margin of 199.68%. On average, equities research analysts anticipate that Magnolia Oil & Gas Co. will post -0.02 EPS for the current year.

Several research firms have recently weighed in on MGY. Citigroup began coverage on Magnolia Oil & Gas in a research note on Thursday, March 11th. They set a “neutral” rating and a $13.00 price objective for the company. Siebert Williams Shank began coverage on Magnolia Oil & Gas in a research report on Monday, April 5th. They issued a “buy” rating and a $14.00 target price for the company. Credit Suisse Group raised their target price on Magnolia Oil & Gas from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 3rd. Finally, KeyCorp raised their target price on Magnolia Oil & Gas from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, April 15th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Magnolia Oil & Gas has an average rating of “Buy” and an average target price of $8.98.

In other Magnolia Oil & Gas news, Director John B. Walker sold 19,550,000 shares of Magnolia Oil & Gas stock in a transaction that occurred on Friday, March 5th. The stock was sold at an average price of $10.16, for a total transaction of $198,628,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.57% of the stock is currently owned by insiders.

Magnolia Oil & Gas Company Profile

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

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Institutional Ownership by Quarter for Magnolia Oil & Gas (NYSE:MGY)

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