Cambiar Investors LLC Has $13.06 Million Stock Holdings in Magnolia Oil & Gas Co. (NYSE:MGY)

Cambiar Investors LLC cut its holdings in Magnolia Oil & Gas Co. (NYSE:MGY) by 10.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 558,688 shares of the company’s stock after selling 64,042 shares during the quarter. Cambiar Investors LLC owned about 0.28% of Magnolia Oil & Gas worth $13,062,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. boosted its position in Magnolia Oil & Gas by 64.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,008 shares of the company’s stock worth $25,000 after acquiring an additional 396 shares during the last quarter. Albert D Mason Inc. boosted its position in Magnolia Oil & Gas by 0.7% during the 4th quarter. Albert D Mason Inc. now owns 61,497 shares of the company’s stock worth $1,438,000 after acquiring an additional 411 shares during the last quarter. Jennison Associates LLC boosted its position in Magnolia Oil & Gas by 2.2% during the 3rd quarter. Jennison Associates LLC now owns 23,836 shares of the company’s stock worth $582,000 after acquiring an additional 506 shares during the last quarter. Avior Wealth Management LLC boosted its position in Magnolia Oil & Gas by 30.0% during the 4th quarter. Avior Wealth Management LLC now owns 2,194 shares of the company’s stock worth $51,000 after acquiring an additional 506 shares during the last quarter. Finally, Atria Investments Inc boosted its position in Magnolia Oil & Gas by 2.3% during the 3rd quarter. Atria Investments Inc now owns 23,576 shares of the company’s stock worth $576,000 after acquiring an additional 523 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Magnolia Oil & Gas Stock Up 4.1 %

MGY opened at $23.72 on Tuesday. Magnolia Oil & Gas Co. has a 1-year low of $20.08 and a 1-year high of $29.02. The stock’s fifty day simple moving average is $24.71 and its 200 day simple moving average is $25.35. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20. The stock has a market cap of $4.66 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 2.85 and a beta of 1.98.

Magnolia Oil & Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.15 per share. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.60 annualized dividend and a yield of 2.53%. Magnolia Oil & Gas’s dividend payout ratio (DPR) is presently 25.74%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MGY shares. Siebert Williams Shank downgraded Magnolia Oil & Gas from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research report on Tuesday, October 15th. The Goldman Sachs Group downgraded Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $27.00 to $26.00 in a research report on Friday, January 31st. Truist Financial increased their price objective on Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a “buy” rating in a report on Monday, January 13th. Johnson Rice downgraded Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Benchmark reissued a “hold” rating on shares of Magnolia Oil & Gas in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $27.58.

Magnolia Oil & Gas 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.