Semanteon Capital Management LP Sells 476 Shares of Magnolia Oil & Gas Co. (NYSE:MGY)

by · The Markets Daily

Semanteon Capital Management LP lessened its stake in shares of Magnolia Oil & Gas Co. (NYSE:MGY – Free Report) by 1.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 47,253 shares of the company’s stock after selling 476 shares during the period. Semanteon Capital Management LP’s holdings in Magnolia Oil & Gas were worth $1,154,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MGY. Massmutual Trust Co. FSB ADV lifted its position in shares of Magnolia Oil & Gas by 1,753.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,038 shares of the company’s stock valued at $26,000 after acquiring an additional 982 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Magnolia Oil & Gas during the second quarter valued at approximately $26,000. GAMMA Investing LLC grew its stake in Magnolia Oil & Gas by 184.4% in the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $41,000 after purchasing an additional 1,042 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in Magnolia Oil & Gas in the first quarter worth approximately $50,000. Finally, Nisa Investment Advisors LLC grew its stake in Magnolia Oil & Gas by 61.9% in the second quarter. Nisa Investment Advisors LLC now owns 2,850 shares of the company’s stock worth $72,000 after purchasing an additional 1,090 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MGY shares. Bank of America upped their target price on Magnolia Oil & Gas from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Truist Financial dropped their price target on Magnolia Oil & Gas from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. JPMorgan Chase & Co. reduced their target price on shares of Magnolia Oil & Gas from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Benchmark restated a “hold” rating on shares of Magnolia Oil & Gas in a research report on Tuesday, October 15th. Finally, Wolfe Research initiated coverage on Magnolia Oil & Gas in a research report on Thursday, July 18th. They set an “outperform” rating and a $32.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.50.

Get Our Latest Analysis on MGY

Magnolia Oil & Gas Price Performance

Shares of MGY stock traded down $0.49 during trading hours on Monday, hitting $25.51. 189,712 shares of the company’s stock were exchanged, compared to its average volume of 2,558,940. Magnolia Oil & Gas Co. has a fifty-two week low of $19.16 and a fifty-two week high of $27.63. The firm has a market cap of $5.08 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.33 and a beta of 1.99. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $25.27 and a two-hundred day moving average of $25.39.

Magnolia Oil & Gas (NYSE:MGY – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.05. The business had revenue of $336.73 million for the quarter, compared to the consensus estimate of $340.72 million. Magnolia Oil & Gas had a net margin of 29.44% and a return on equity of 21.18%. Sell-side analysts forecast that Magnolia Oil & Gas Co. will post 1.98 EPS for the current year.

Insider Buying and Selling at Magnolia Oil & Gas

In other Magnolia Oil & Gas news, Director Ltd. Enervest sold 7,000,000 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $25.86, for a total transaction of $181,020,000.00. Following the transaction, the director now directly owns 2,099,403 shares of the company’s stock, valued at $54,290,561.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Magnolia Oil & Gas Company Profile

(Free Report)

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.

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