Unison Advisors LLC Invests $683,000 in Magnolia Oil & Gas Corp $MGY

Unison Advisors LLC bought a new stake in shares of Magnolia Oil & Gas Corp (NYSE:MGY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,215 shares of the company’s stock, valued at approximately $683,000.

Several other institutional investors also recently bought and sold shares of MGY. Exchange Traded Concepts LLC acquired a new position in shares of Magnolia Oil & Gas during the fourth quarter worth $54,000. CWA Asset Management Group LLC acquired a new stake in shares of Magnolia Oil & Gas in the 4th quarter worth $632,000. GAMMA Investing LLC grew its stake in Magnolia Oil & Gas by 8.0% during the 4th quarter. GAMMA Investing LLC now owns 6,130 shares of the company’s stock worth $134,000 after buying an additional 453 shares during the last quarter. JPMorgan Chase & Co. increased its position in Magnolia Oil & Gas by 34.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 858,972 shares of the company’s stock valued at $20,504,000 after buying an additional 221,920 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in Magnolia Oil & Gas during the 3rd quarter valued at about $474,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Magnolia Oil & Gas Stock Down 0.0%

NYSE:MGY opened at $31.03 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.54 and a quick ratio of 1.54. The company’s fifty day moving average price is $28.26 and its 200-day moving average price is $24.76. Magnolia Oil & Gas Corp has a 1-year low of $19.09 and a 1-year high of $32.76. The firm has a market capitalization of $5.78 billion, a P/E ratio of 18.04, a PEG ratio of 2.18 and a beta of 0.83.

Magnolia Oil & Gas (NYSE:MGY) last posted its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $317.63 million during the quarter, compared to the consensus estimate of $322.18 million. Magnolia Oil & Gas had a net margin of 24.79% and a return on equity of 16.67%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. As a group, equities research analysts anticipate that Magnolia Oil & Gas Corp will post 2.1 EPS for the current year.

Magnolia Oil & Gas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were paid a $0.165 dividend. The ex-dividend date was Tuesday, February 10th. This is a positive change from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.1%. Magnolia Oil & Gas’s dividend payout ratio (DPR) is currently 38.37%.

Insider Transactions at Magnolia Oil & Gas

In related news, Director Edward P. Djerejian sold 18,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $28.98, for a total transaction of $521,640.00. Following the sale, the director directly owned 110,425 shares of the company’s stock, valued at $3,200,116.50. This trade represents a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher G. Stavros sold 119,954 shares of Magnolia Oil & Gas stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $29.29, for a total value of $3,513,452.66. Following the transaction, the chief executive officer owned 883,592 shares of the company’s stock, valued at approximately $25,880,409.68. This represents a 11.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 338,954 shares of company stock valued at $9,911,733. 1.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MGY shares. Weiss Ratings reissued a “hold (c)” rating on shares of Magnolia Oil & Gas in a report on Thursday, January 22nd. Roth Mkm restated a “buy” rating on shares of Magnolia Oil & Gas in a report on Tuesday, February 10th. Bank of America raised shares of Magnolia Oil & Gas from a “neutral” rating to a “buy” rating and increased their price objective for the company from $26.00 to $28.00 in a research report on Friday, January 16th. Susquehanna dropped their target price on shares of Magnolia Oil & Gas from $30.00 to $28.00 and set a “positive” rating on the stock in a research report on Monday, January 26th. Finally, Piper Sandler upped their price target on shares of Magnolia Oil & Gas from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

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).