Moody Aldrich Partners LLC Has $7.03 Million Stake in Magnolia Oil & Gas Co. (NYSE:MGY)

Moody Aldrich Partners LLC decreased its holdings in shares of Magnolia Oil & Gas Co. (NYSE:MGY) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 300,713 shares of the company’s stock after selling 8,720 shares during the quarter. Magnolia Oil & Gas accounts for approximately 1.3% of Moody Aldrich Partners LLC’s investment portfolio, making the stock its 20th largest position. Moody Aldrich Partners LLC owned 0.15% of Magnolia Oil & Gas worth $7,031,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MGY. Harbor Capital Advisors Inc. acquired a new position in shares of Magnolia Oil & Gas in the third quarter valued at approximately $25,000. First Horizon Advisors Inc. boosted its holdings in Magnolia Oil & Gas by 64.7% in the third quarter. First Horizon Advisors Inc. now owns 1,008 shares of the company’s stock valued at $25,000 after acquiring an additional 396 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Magnolia Oil & Gas by 30.0% in the fourth quarter. Avior Wealth Management LLC now owns 2,194 shares of the company’s stock valued at $51,000 after acquiring an additional 506 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Magnolia Oil & Gas by 62.4% in the third quarter. GAMMA Investing LLC now owns 2,609 shares of the company’s stock valued at $64,000 after acquiring an additional 1,002 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in Magnolia Oil & Gas by 36.8% in the third quarter. Covestor Ltd now owns 2,986 shares of the company’s stock valued at $73,000 after acquiring an additional 804 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

MGY has been the topic of several analyst reports. Bank of America reiterated a “neutral” rating and issued a $28.00 target price (down from $29.00) on shares of Magnolia Oil & Gas in a report on Monday, January 13th. Siebert Williams Shank cut Magnolia Oil & Gas from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a report on Tuesday, October 15th. Piper Sandler reduced their target price on Magnolia Oil & Gas from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Truist Financial upped their target price on Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Benchmark restated a “hold” rating on shares of Magnolia Oil & Gas in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.58.

Magnolia Oil & Gas Price Performance

Shares of NYSE:MGY opened at $24.90 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.20. Magnolia Oil & Gas Co. has a twelve month low of $19.53 and a twelve month high of $29.02. The stock’s 50 day moving average is $25.39 and its 200-day moving average is $25.52. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 3.26 and a beta of 2.00.

Magnolia Oil & Gas (NYSE:MGY) last issued its earnings results on Wednesday, October 30th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Magnolia Oil & Gas had a return on equity of 20.78% and a net margin of 28.88%. The company had revenue of $333.14 million for the quarter, compared to analyst estimates of $331.45 million. Sell-side analysts forecast that Magnolia Oil & Gas Co. will post 1.98 EPS for the current fiscal year.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX.