Equities researchers at Mizuho started protection on shares of Magnolia Oil & Gasoline (NYSE:MGY – Get Ranking) in a analysis notice issued to traders on Monday, The Fly experiences. The brokerage set a “purchase” ranking on the inventory.
A number of different equities analysis analysts have additionally issued experiences on the corporate. TheStreet lowered Magnolia Oil & Gasoline from a “b-” ranking to a “c+” ranking in a analysis report on Wednesday, December seventh. Piper Sandler boosted their goal worth on shares of Magnolia Oil & Gasoline from $32.00 to $36.00 and gave the inventory an “obese” ranking in a report on Thursday, November seventeenth. Lastly, KeyCorp boosted their worth goal on shares of Magnolia Oil & Gasoline from $28.00 to $30.00 and gave the corporate an “obese” ranking in a report on Thursday, November third. One funding analyst has rated the inventory with a maintain ranking and 7 have issued a purchase ranking to the corporate. Primarily based on information from MarketBeat, the corporate presently has a consensus ranking of “Reasonable Purchase” and a consensus worth goal of $31.29.
Commerce in Magnolia oil and gasoline elevated 1.8%
Shares of Magnolia Oil & Gasoline inventory traded up $0.40 throughout buying and selling on Monday, reaching $22.63. The corporate’s inventory had a turnover of 1,368,304 shares in comparison with its common quantity of 1,651,440. The corporate has a fast ratio of two.63, a present ratio of two.63 and a debt-to-equity ratio of 0.27. Magnolia Oil & Gasoline has a 52 week low of $18.01 and a 52 week excessive of $30.31. The agency’s 50 day transferring common is $24.57 and its 2 hundred day transferring common is $23.17. The corporate has a market cap of $4.89 billion, a price-to-earnings ratio of 5.23 and a beta of two.12.
Magnolia Oil & Gasoline (NYSE:MGY – Get Ranking ) final posted its quarterly earnings outcomes on Tuesday, November 1st. The corporate reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.11. Magnolia Oil & Gasoline had a web margin of 48.42% and a return on fairness of 66.39%. The corporate had income of $482.96 million for the quarter, in comparison with the consensus estimate of $454.87 million. On common, sell-side analysts count on Magnolia Oil & Gasoline to publish 4.61 earnings per share. share for the present 12 months.
Institutional influx and outflow
A number of institutional traders have lately added to or lowered their stakes within the inventory. Advisor Group Holdings Inc. raised its stake in Magnolia Oil & Gasoline by 121.9% within the first quarter. Advisor Group Holdings Inc. now owns 16,774 shares of the corporate’s inventory valued at $396,000 after shopping for an extra 9,214 shares within the final quarter. Financial institution of New York Mellon Corp raised its place in shares of Magnolia Oil & Gasoline by 3.6% within the 1st quarter. Financial institution of New York Mellon Corp now owns 1,118,918 shares of the corporate’s inventory valued at $26,462,000 after buying an extra 39,115 shares within the final quarter. Acadian Asset Administration LLC lifted its stake in shares of Magnolia Oil & Gasoline by 320.2% within the 1st quarter. Acadian Asset Administration LLC now owns 10,686 shares of the corporate’s inventory valued at $252,000 after buying an extra 8,143 shares throughout the interval. MetLife Funding Administration LLC boosted its place in shares of Magnolia Oil & Gasoline by 55.1% throughout the first quarter. MetLife Funding Administration LLC now owns 77,409 shares of the corporate’s inventory valued at $1,831,000 after shopping for an extra 27,498 shares within the final quarter. Lastly, Panagora Asset Administration Inc. purchased a brand new stake in Magnolia Oil & Gasoline within the first quarter valued at $1,084,000. 98.60% of the inventory is presently owned by institutional traders.
Magnolia Oil & Gasoline Firm Profile
Magnolia Oil & Gasoline Company engages within the acquisition, growth, exploration and manufacturing of oil, pure gasoline and pure gasoline liquids reserves in america. Its properties are primarily situated in Karnes County and the Giddings Subject in South Texas, comprising primarily the Eagle Ford Shale and Austin Chalk formation.
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