11,376 Shares in Magnolia Oil & Gas Corp (NYSE:MGY) Bought by Bingham Osborn & Scarborough LLC

Bingham Osborn & Scarborough LLC purchased a new position in shares of Magnolia Oil & Gas Corp (NYSE:MGY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,376 shares of the company’s stock, valued at approximately $126,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MGY. Aperio Group LLC purchased a new stake in Magnolia Oil & Gas during the second quarter worth $25,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Magnolia Oil & Gas during the second quarter worth $71,000. Bank of Montreal Can purchased a new stake in Magnolia Oil & Gas during the second quarter worth $98,000. First Mercantile Trust Co. boosted its holdings in Magnolia Oil & Gas by 28.2% during the third quarter. First Mercantile Trust Co. now owns 10,740 shares of the company’s stock worth $119,000 after buying an additional 2,360 shares in the last quarter. Finally, Icon Wealth Partners LLC boosted its holdings in Magnolia Oil & Gas by 9.1% during the third quarter. Icon Wealth Partners LLC now owns 12,000 shares of the company’s stock worth $133,000 after buying an additional 1,000 shares in the last quarter. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

MGY opened at $11.80 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.14. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 23.31 and a beta of 1.24. Magnolia Oil & Gas Corp has a 52-week low of $9.27 and a 52-week high of $14.13. The firm’s fifty day simple moving average is $10.65 and its two-hundred day simple moving average is $11.11.

Magnolia Oil & Gas (NYSE:MGY) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). The company had revenue of $242.96 million for the quarter, compared to analysts’ expectations of $239.51 million. Magnolia Oil & Gas had a net margin of 7.80% and a return on equity of 2.82%. On average, research analysts forecast that Magnolia Oil & Gas Corp will post 0.39 EPS for the current year.

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MGY has been the topic of a number of recent analyst reports. TheStreet raised shares of Magnolia Oil & Gas from a “d” rating to a “b-” rating in a report on Wednesday, October 30th. ValuEngine downgraded shares of Magnolia Oil & Gas from a “hold” rating to a “sell” rating in a report on Friday. R. F. Lafferty set a $20.00 price target on shares of Magnolia Oil & Gas and gave the stock a “buy” rating in a report on Wednesday, August 7th. Barclays initiated coverage on shares of Magnolia Oil & Gas in a report on Friday, August 30th. They set an “overweight” rating and a $13.00 price target on the stock. Finally, Citigroup increased their price target on shares of Magnolia Oil & Gas from $11.50 to $12.00 and gave the stock a “neutral” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. Magnolia Oil & Gas presently has a consensus rating of “Buy” and a consensus target price of $15.50.

About Magnolia Oil & Gas

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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