GSA Capital Partners LLP Purchases 25,184 Shares of Magnolia Oil & Gas Corp $MGY

GSA Capital Partners LLP boosted its position in Magnolia Oil & Gas Corp (NYSE:MGY) by 48.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 76,672 shares of the company’s stock after buying an additional 25,184 shares during the period. GSA Capital Partners LLP’s holdings in Magnolia Oil & Gas were worth $1,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC lifted its position in shares of Magnolia Oil & Gas by 130.1% during the 4th quarter. Salomon & Ludwin LLC now owns 1,344 shares of the company’s stock valued at $29,000 after acquiring an additional 760 shares during the period. EverSource Wealth Advisors LLC lifted its position 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 valued at $31,000 after acquiring an additional 864 shares during the period. Torren Management LLC bought a new stake in shares of Magnolia Oil & Gas during the 4th quarter valued at $38,000. First Horizon Corp lifted its position in shares of Magnolia Oil & Gas by 159.8% during the 4th quarter. First Horizon Corp now owns 1,889 shares of the company’s stock valued at $41,000 after acquiring an additional 1,162 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of Magnolia Oil & Gas by 90.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,212 shares of the company’s stock valued at $50,000 after acquiring an additional 1,051 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Dan F. Smith sold 18,000 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $29.01, for a total transaction of $522,180.00. Following the sale, the director owned 119,204 shares in the company, valued at $3,458,108.04. This represents a 13.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian Corales sold 33,000 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $29.12, for a total value of $960,960.00. Following the sale, the chief financial officer owned 184,178 shares in the company, valued at approximately $5,363,263.36. The trade was a 15.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 338,954 shares of company stock valued at $9,911,733. Corporate insiders own 0.92% of the company’s stock.

Magnolia Oil & Gas Price Performance

Shares of MGY opened at $30.18 on Wednesday. Magnolia Oil & Gas Corp has a 12-month low of $21.07 and a 12-month high of $32.76. The business has a 50-day simple moving average of $29.76 and a two-hundred day simple moving average of $25.96. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.19. The stock has a market cap of $5.58 billion, a PE ratio of 17.54 and a beta of 0.75.

Magnolia Oil & Gas (NYSE:MGY) last issued its earnings results on Wednesday, May 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $358.51 million during the quarter, compared to analysts’ expectations of $349.89 million. Magnolia Oil & Gas had a return on equity of 16.28% and a net margin of 24.40%.The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 EPS. Analysts anticipate that Magnolia Oil & Gas Corp will post 2.91 earnings per share for the current fiscal year.

Magnolia Oil & Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 2.2%. Magnolia Oil & Gas’s dividend payout ratio is presently 38.37%.

Wall Street Analyst Weigh In

MGY has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their target price on Magnolia Oil & Gas from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, February 11th. Zacks Research raised Magnolia Oil & Gas from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 26th. Siebert Williams Shank cut Magnolia Oil & Gas from a “buy” rating to a “hold” rating in a report on Friday, March 6th. Roth Mkm reissued a “neutral” rating and set a $32.00 price target (up from $29.00) on shares of Magnolia Oil & Gas in a report on Wednesday, April 8th. Finally, Susquehanna lowered their price target on Magnolia Oil & Gas from $30.00 to $28.00 and set a “positive” rating for the company in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Magnolia Oil & Gas presently has an average rating of “Moderate Buy” and an average price target of $31.00.

Magnolia Oil & Gas Profile

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).