Magnolia Oil & Fuel Co. (NYSE:MGY) Shares Bought by Raymond James & Associates | Jobi Cool


Raymond James & Associates lowered its place in shares of Magnolia Oil & Fuel Co. (NYSE:MGY – Get Score ) by 8.8% within the third quarter, in response to the corporate in its most up-to-date disclosure with the Securities and Trade Fee (SEC). The fund owned 309,318 shares of the corporate’s inventory after promoting 29,694 shares in the course of the quarter. Raymond James & Associates owned about 0.14% of Magnolia Oil & Fuel value $6,128,000 on the finish of the latest quarter.

Different institutional buyers and hedge funds have additionally not too long ago added to or lowered their stakes within the firm. Ten Capital Wealth Advisors LLC purchased a brand new stake in shares of Magnolia Oil & Fuel in the course of the second quarter value about $28,000. Trade Traded Ideas LLC acquired a brand new stake in shares of Magnolia Oil & Fuel within the third quarter value about $56,000. Assetmark Inc. boosted its stake in Magnolia Oil & Fuel by 311.4% within the second quarter. Assetmark Inc. now owns 2,880 shares of the corporate’s inventory valued at $60,000 after shopping for a further 2,180 shares within the final quarter. Nationwide Financial institution of Canada FI acquired a brand new stake in shares of Magnolia Oil & Fuel within the second quarter value about $73,000. Lastly, Captrust Monetary Advisors grew its stake in shares of Magnolia Oil & Fuel by 42.4% within the first quarter. Captrust Monetary Advisors now owns 3,608 shares of the corporate’s inventory valued at $85,000 after shopping for a further 1,075 shares within the final quarter. 98.60% of the inventory is at present owned by institutional buyers and hedge funds.

Commerce in Magnolia oil and fuel rose 0.2%

NYSE:MGY opened at $23.80 on Friday. The corporate has a fast ratio of two.63, a present ratio of two.63 and a debt-to-equity ratio of 0.27. The corporate’s 50 day transferring common is $24.32 and its 2 hundred day transferring common is $23.20. Magnolia Oil & Fuel Co. has a 52 week low of $18.01 and a 52 week excessive of $30.31. The corporate has a market cap of $5.15 billion, a PE ratio of 5.50 and a beta of two.13.

Magnolia Oil & Fuel (NYSE:MGY – Get Score ) final launched its earnings outcomes on Tuesday, November 1st. The corporate reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.11. Magnolia Oil & Fuel had a return on fairness of 66.39% and a internet margin of 48.42%. The corporate had income of $482.96 million for the quarter, in comparison with the consensus estimate of $454.87 million. On common, analysts predict that Magnolia Oil & Fuel Co. will put up 4.5 EPS for the present yr.

Magnolia Oil & Fuel publicizes dividend

The corporate additionally not too long ago disclosed a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of report on Monday, November seventh have been issued a dividend of $0.10 per share. This represents an annualized dividend of $0.40 and a yield of 1.68%. The ex-dividend date for this dividend was Friday, November 4th. Magnolia Oil & Fuel’s dividend yield is at present 9.24%.

Wall Road analyst weighs in

Quite a few equities analysis analysts have not too long ago issued experiences on the corporate. Mizuho assumed protection on Magnolia Oil & Fuel in a analysis observe on Monday, January ninth. They issued a “purchase” ranking and a $32.00 goal worth for the corporate. Piper Sandler decreased their goal worth on Magnolia Oil & Fuel from $36.00 to $35.00 and set an “chubby” ranking for the corporate in a analysis observe on Wednesday. KeyCorp boosted their worth goal on Magnolia Oil & Fuel from $28.00 to $30.00 and gave the corporate an “chubby” ranking in a report on Thursday, November third. Lastly, TheStreet downgraded Magnolia Oil & Fuel from a “b-” ranking to a “c+” ranking in a report on Wednesday, December seventh. One funding analyst has rated the inventory with a maintain ranking and 7 have assigned a purchase ranking to the inventory. Based on MarketBeat.com information, Magnolia Oil & Fuel has a median ranking of “Average Purchase” and a consensus worth goal of $31.25.

About Magnolia Oil & Fuel

(Get ranking)

Magnolia Oil & Fuel Company engages within the acquisition, growth, exploration and manufacturing of oil, pure fuel and pure fuel liquids reserves in the US. Its properties are primarily positioned in Karnes County and the Giddings Area in South Texas, comprising primarily the Eagle Ford Shale and Austin Chalk formation.

Additional studying

Institutional Ownership by Quarter of Magnolia Oil & Gas (NYSE:MGY)

This prompt information alert was generated by narrative science know-how and monetary information from MarketBeat to supply readers with the quickest and most correct reporting. This story was reviewed by MarketBeat editorial workers previous to publication. Please ship questions or feedback about this story to contact@marketbeat.com.

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