Hi,
moomoo ID:NaN
Log Out
English
Back
Log in to access Online Inquiry

Amalgamated Bank Sells 1,756 Shares of Magnolia Oil & Gas Co. (NYSE:MGY)

Defense World ·  {{timeTz}}

Amalgamated Bank cut its stake in shares of Magnolia Oil & Gas Co. (NYSE:MGY – Get Rating) by 6.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,609 shares of the company's stock after selling 1,756 shares during the quarter. Amalgamated Bank's holdings in Magnolia Oil & Gas were worth $558,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. M&T Bank Corp increased its holdings in shares of Magnolia Oil & Gas by 4.1% during the first quarter. M&T Bank Corp now owns 16,665 shares of the company's stock valued at $394,000 after acquiring an additional 653 shares in the last quarter. Eaton Vance Management bought a new stake in Magnolia Oil & Gas in the 4th quarter worth about $9,435,000. Commonwealth Equity Services LLC bought a new stake in Magnolia Oil & Gas in the 1st quarter worth about $1,107,000. Segantii Capital Management Ltd bought a new stake in Magnolia Oil & Gas in the 1st quarter worth about $8,278,000. Finally, Csenge Advisory Group bought a new stake in Magnolia Oil & Gas in the 1st quarter worth about $494,000. 84.09% of the stock is currently owned by institutional investors.

Get Magnolia Oil & Gas alerts:

Magnolia Oil & Gas Trading Up 0.6 %

Shares of NYSE:MGY opened at $19.81 on Monday. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 5.34 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.25 and a current ratio of 2.25. The stock's 50-day simple moving average is $22.69 and its two-hundred day simple moving average is $23.63. Magnolia Oil & Gas Co. has a 52-week low of $17.23 and a 52-week high of $30.31.

Magnolia Oil & Gas (NYSE:MGY – Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $1.10 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by ($0.08). Magnolia Oil & Gas had a net margin of 46.42% and a return on equity of 63.23%. The company had revenue of $484.65 million for the quarter, compared to analysts' expectations of $459.13 million. Analysts expect that Magnolia Oil & Gas Co. will post 4.87 EPS for the current year.

Magnolia Oil & Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 12th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.02%. Magnolia Oil & Gas's payout ratio is currently 5.39%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MGY shares. KeyCorp started coverage on Magnolia Oil & Gas in a report on Monday, September 19th. They issued an "overweight" rating and a $28.00 price objective for the company. Wells Fargo & Company lifted their price objective on Magnolia Oil & Gas from $29.00 to $30.00 and gave the stock an "equal weight" rating in a report on Monday, July 11th. MKM Partners reiterated a "buy" rating and issued a $26.00 price objective on shares of Magnolia Oil & Gas in a report on Wednesday, July 20th. Finally, Truist Financial lifted their price objective on Magnolia Oil & Gas from $35.00 to $39.00 and gave the stock a "buy" rating in a report on Tuesday, July 19th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $28.56.

Magnolia Oil & Gas Company Profile

(Get Rating)

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. Its 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.

Featured Articles

  • Get a free copy of the StockNews.com research report on Magnolia Oil & Gas (MGY)
  • Archer Daniels Midland: Dividend Hero With 49 Years Of Increases
  • Will Fully Autonomous Tractors Make Deere the Tesla of Farming?
  • Magna International is Your Auto and EV One-Stop Shop Stock
  • EV Battery Maker Freyr Set For Major Global Expansion
  • MarketBeat: Week in Review 9/26 – 9/30

Receive News & Ratings for Magnolia Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magnolia Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.