Bank of America Corp DE increased its position in shares of Magnolia Oil & Gas Corp (NYSE:MGY) by 30.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 204,838 shares of the company’s stock after buying an additional 47,950 shares during the quarter. Bank of America Corp DE’s holdings in Magnolia Oil & Gas were worth $2,373,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aperio Group LLC bought a new stake in shares of Magnolia Oil & Gas during the 2nd quarter worth $25,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Magnolia Oil & Gas during the 2nd quarter valued at $71,000. Bank of Montreal Can acquired a new position in Magnolia Oil & Gas during the 2nd quarter valued at $98,000. Virginia Retirement Systems ET AL acquired a new position in Magnolia Oil & Gas during the 2nd quarter valued at $195,000. Finally, Fox Run Management L.L.C. acquired a new position in Magnolia Oil & Gas during the 2nd quarter valued at $206,000. 66.99% of the stock is owned by institutional investors and hedge funds.

In other Magnolia Oil & Gas news, Chairman Stephen I. Chazen acquired 25,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $10.22 per share, for a total transaction of $255,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 7.90% of the company’s stock.

Several equities analysts recently commented on the stock. Barclays assumed coverage on shares of Magnolia Oil & Gas in a research note on Friday, August 30th. They set an “overweight” rating and a $13.00 target price for the company. Citigroup upped their target price on shares of Magnolia Oil & Gas from $11.50 to $12.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd. TheStreet cut shares of Magnolia Oil & Gas from a “c-” rating to a “d” rating in a research note on Thursday, September 19th. Piper Jaffray Companies cut their target price on shares of Magnolia Oil & Gas from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Monday, September 30th. Finally, ValuEngine upgraded shares of Magnolia Oil & Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $15.50.

Shares of MGY stock opened at $10.05 on Monday. Magnolia Oil & Gas Corp has a 52-week low of $9.27 and a 52-week high of $14.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a fifty day moving average of $10.72 and a 200-day moving average of $11.38.

Magnolia Oil & Gas (NYSE:MGY) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Magnolia Oil & Gas had a net margin of 12.13% and a return on equity of 5.12%. The business had revenue of $242.96 million during the quarter, compared to analyst estimates of $239.51 million. Sell-side analysts expect that Magnolia Oil & Gas Corp will post 0.45 earnings per share for the current year.

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

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