Epoch Investment Partners Inc. Purchases New Stake in Magnolia Oil & Gas Corp (MGY)

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Epoch Investment Partners Inc. purchased a new position in shares of Magnolia Oil & Gas Corp (NYSE:MGY) in the fourth quarter, Holdings Channel reports. The fund purchased 669,700 shares of the company’s stock, valued at approximately $7,507,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP acquired a new position in Magnolia Oil & Gas during the fourth quarter worth $181,000. United Services Automobile Association acquired a new position in Magnolia Oil & Gas during the fourth quarter worth $165,000. King Luther Capital Management Corp acquired a new position in Magnolia Oil & Gas during the fourth quarter worth $1,877,000. Northern Trust Corp lifted its stake in Magnolia Oil & Gas by 5.4% during the fourth quarter. Northern Trust Corp now owns 275,919 shares of the company’s stock worth $3,092,000 after purchasing an additional 14,039 shares in the last quarter. Finally, Citigroup Inc. acquired a new position in Magnolia Oil & Gas during the fourth quarter worth $2,750,000. 55.59% of the stock is owned by institutional investors.

In related news, Chairman Stephen I. Chazen acquired 25,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average price of $12.31 per share, with a total value of $307,750.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Magnolia Oil & Gas stock opened at $12.60 on Friday. Magnolia Oil & Gas Corp has a twelve month low of $9.73 and a twelve month high of $15.23. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.48 and a quick ratio of 1.48.

A number of research analysts have commented on the company. Oppenheimer set a $15.00 price target on Magnolia Oil & Gas and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Northland Securities restated a “buy” rating and set a $19.00 price target on shares of Magnolia Oil & Gas in a research note on Tuesday, February 26th. Zacks Investment Research cut Magnolia Oil & Gas from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 7th. R. F. Lafferty assumed coverage on Magnolia Oil & Gas in a research note on Thursday, January 17th. They set a “buy” rating and a $17.00 price target on the stock. Finally, Susquehanna Bancshares assumed coverage on Magnolia Oil & Gas in a research note on Wednesday, January 9th. They set a “positive” rating and a $16.00 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. Magnolia Oil & Gas has an average rating of “Buy” and a consensus price target of $16.50.

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Magnolia Oil & Gas Profile

Magnolia Oil & Gas Corporation operates as an oil and gas exploration and production company. It has operations in South Texas in the core of the Eagle Ford. The company is headquartered in Houston, Texas.

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

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