Magnolia Oil & Gas Corp (NYSE:MGY) Chairman Stephen I. Chazen acquired 25,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was bought at an average price of $10.22 per share, with a total value of $255,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of MGY traded down $0.11 during mid-day trading on Monday, hitting $9.98. 1,021,780 shares of the company’s stock were exchanged, compared to its average volume of 1,670,885. Magnolia Oil & Gas Corp has a fifty-two week low of $9.27 and a fifty-two week high of $15.23. The company has a 50 day simple moving average of $10.86. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 1.15.

Magnolia Oil & Gas (NYSE:MGY) last announced its earnings results on Tuesday, August 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). Magnolia Oil & Gas had a return on equity of 5.12% and a net margin of 12.13%. The business had revenue of $242.96 million for the quarter, compared to analyst estimates of $239.51 million. Equities research analysts forecast that Magnolia Oil & Gas Corp will post 0.52 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in Magnolia Oil & Gas in the first quarter valued at about $25,000. Aperio Group LLC purchased a new position in Magnolia Oil & Gas in the second quarter valued at about $25,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Magnolia Oil & Gas in the second quarter valued at about $71,000. Bank of Montreal Can purchased a new position in Magnolia Oil & Gas in the second quarter valued at about $98,000. Finally, Starr International Co. Inc. purchased a new position in Magnolia Oil & Gas in the first quarter valued at about $120,000. Institutional investors and hedge funds own 67.98% of the company’s stock.

MGY has been the subject of several research analyst reports. Piper Jaffray Companies initiated coverage on shares of Magnolia Oil & Gas in a research note on Monday, July 8th. They issued an “overweight” rating and a $14.00 price objective for the company. ValuEngine downgraded shares of Magnolia Oil & Gas from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. R. F. Lafferty set a $20.00 price objective on shares of Magnolia Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, August 7th. Wells Fargo & Co initiated coverage on shares of Magnolia Oil & Gas in a research note on Monday, May 20th. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, TheStreet upgraded shares of Magnolia Oil & Gas from a “d” rating to a “c-” rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the company. Magnolia Oil & Gas currently has a consensus rating of “Buy” and an average price target of $16.33.

Magnolia Oil & Gas Company Profile

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

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