Andina Capital Management LLC Invests $221,000 in Magnolia Oil & Gas Co. (NYSE:MGY)

Andina Capital Management LLC purchased a new stake in Magnolia Oil & Gas Co. (NYSE:MGY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,363 shares of the company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Albert D Mason Inc. boosted its position in shares of Magnolia Oil & Gas by 1.6% in the fourth quarter. Albert D Mason Inc. now owns 31,094 shares of the company’s stock valued at $662,000 after acquiring an additional 490 shares during the period. Signaturefd LLC boosted its holdings in Magnolia Oil & Gas by 6.7% in the 3rd quarter. Signaturefd LLC now owns 8,325 shares of the company’s stock valued at $191,000 after purchasing an additional 523 shares during the period. AMG National Trust Bank grew its position in shares of Magnolia Oil & Gas by 1.3% during the 3rd quarter. AMG National Trust Bank now owns 57,698 shares of the company’s stock worth $1,322,000 after purchasing an additional 730 shares in the last quarter. VisionPoint Advisory Group LLC increased its holdings in shares of Magnolia Oil & Gas by 112.3% during the third quarter. VisionPoint Advisory Group LLC now owns 1,537 shares of the company’s stock worth $35,000 after purchasing an additional 813 shares during the period. Finally, Oak Family Advisors LLC increased its holdings in shares of Magnolia Oil & Gas by 1.6% during the fourth quarter. Oak Family Advisors LLC now owns 80,587 shares of the company’s stock worth $1,716,000 after purchasing an additional 1,275 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Magnolia Oil & Gas Price Performance

Shares of MGY traded down $0.57 during mid-day trading on Wednesday, reaching $24.50. The company had a trading volume of 885,588 shares, compared to its average volume of 3,121,917. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 1.61 and a beta of 2.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.88 and a current ratio of 1.88. The company’s 50 day simple moving average is $24.87 and its 200 day simple moving average is $22.56. Magnolia Oil & Gas Co. has a 1-year low of $18.72 and a 1-year high of $27.33.

Magnolia Oil & Gas (NYSE:MGY) last issued its earnings results on Wednesday, February 14th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.04). The company had revenue of $322.63 million during the quarter, compared to analyst estimates of $324.95 million. Magnolia Oil & Gas had a net margin of 31.65% and a return on equity of 21.21%. Analysts expect that Magnolia Oil & Gas Co. will post 2.09 EPS for the current year.

Magnolia Oil & Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.52 dividend on an annualized basis and a yield of 2.12%. This is a positive change from Magnolia Oil & Gas’s previous quarterly dividend of $0.12. Magnolia Oil & Gas’s payout ratio is currently 25.37%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MGY shares. Wells Fargo & Company increased their price target on Magnolia Oil & Gas from $23.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 18th. Benchmark restated a “hold” rating on shares of Magnolia Oil & Gas in a research report on Tuesday, April 23rd. The Goldman Sachs Group upped their price objective on shares of Magnolia Oil & Gas from $24.50 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Citigroup increased their price objective on shares of Magnolia Oil & Gas from $18.00 to $22.00 and gave the stock a “sell” rating in a research note on Monday, April 15th. Finally, Truist Financial boosted their target price on shares of Magnolia Oil & Gas from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.63.

Magnolia Oil & Gas Profile

Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation.