Rothschild & Co. Asset Management US Inc. cut its holdings in Magnolia Oil & Gas Co. (NYSE:MGY) by 14.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,198,657 shares of the company’s stock after selling 205,444 shares during the quarter. Rothschild & Co. Asset Management US Inc. owned approximately 0.48% of Magnolia Oil & Gas worth $8,463,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Albert D Mason Inc. grew its position in shares of Magnolia Oil & Gas by 7.2% in the 4th quarter. Albert D Mason Inc. now owns 31,455 shares of the company’s stock worth $222,000 after buying an additional 2,100 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Magnolia Oil & Gas by 45.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 16,050 shares of the company’s stock valued at $83,000 after purchasing an additional 5,000 shares during the last quarter. IndexIQ Advisors LLC grew its position in Magnolia Oil & Gas by 11.5% during the 4th quarter. IndexIQ Advisors LLC now owns 52,362 shares of the company’s stock valued at $370,000 after purchasing an additional 5,407 shares during the last quarter. California Public Employees Retirement System grew its position in Magnolia Oil & Gas by 2.2% during the 3rd quarter. California Public Employees Retirement System now owns 283,243 shares of the company’s stock valued at $1,464,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Magnolia Oil & Gas by 589.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,720 shares of the company’s stock valued at $40,000 after purchasing an additional 6,600 shares during the last quarter. 69.34% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently commented on MGY. Credit Suisse Group cut their price objective on shares of Magnolia Oil & Gas from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, November 9th. KeyCorp increased their price objective on shares of Magnolia Oil & Gas from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Thursday, January 21st. MKM Partners cut shares of Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and upped their target price for the company from $6.00 to $7.00 in a research note on Monday, November 30th. Piper Sandler upped their target price on shares of Magnolia Oil & Gas from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, November 18th. Finally, Northland Securities upgraded shares of Magnolia Oil & Gas from a “market perform” rating to an “outperform” rating in a research note on Friday, November 6th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $7.48.

Shares of NYSE:MGY opened at $10.29 on Tuesday. Magnolia Oil & Gas Co. has a twelve month low of $3.23 and a twelve month high of $10.67. The stock has a market capitalization of $2.59 billion, a PE ratio of -1.40 and a beta of 2.72. The firm’s 50 day moving average price is $9.16 and its 200-day moving average price is $6.83. 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 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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