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Brinker Capital Investments LLC increases its stake in Magnolia Oil & Gas Co. (NYSE:MGY)

Brinker Capital Investments LLC increases its stake in Magnolia Oil & Gas Co. (NYSE:MGY)

According to the most recent Form 13F filing that Brinker Capital Investments LLC made with the Securities and Exchange Commission, the company’s holdings in Magnolia Oil & Gas Co. (NYSE: MGY) increased by 38.6% during the third quarter. The institutional investor has 127,997 shares of the company’s stock in their possession after purchasing an additional 35,648 shares during the period covered by the reporting period. This brings the total number of shares they own in the company to 127,997. The most recent filing with the SEC reveals that Brinker Capital Investments LLC owned approximately 0.06% of Magnolia Oil & Gas, which had a market value of $2,536,000 at the time of the filing.

When it comes to the market, institutional investors and other hedge funds have been very active, buying and selling shares of the company’s stock. Price T. Rowe Associates Inc. (MD), over the second quarter, brought the total number of Magnolia Oil & Gas shares it owned to a level of 0.3% higher than before. Price T. Rowe Associates Inc. (MD) now has 22,028,899 shares following the purchase of an additional 62,560 during the most recent quarter. The value of the company’s stock is estimated to be in the range of $462,387,000. The amount of Magnolia Oil & Gas stock that Wellington Management Group LLP owned as of the end of the first quarter of 2018 was up 4.9% from the beginning of the year. Following the acquisition of 354,812 shares during the most recent quarter, Wellington Management Group LLP now holds 7,528,720 shares of the company’s stock. The stock has a value of $178,054,000, and the firm’s holdings are worth a total of this amount. The State Street Corporation increased its ownership of Magnolia Oil & Gas by acquiring an additional 6.0 percent of the company’s shares during the second quarter. After purchasing an additional 394,053 shares during the most recent quarter, State Street Corp. now owns 7,011,412 of the company’s shares, bringing the total value of its holdings to $147,170,000. Wasatch Advisors Inc. increased the proportion of Magnolia Oil & Gas shares that it held by 4.0 percent over the year’s first three months. After making an additional 171,135 share purchase during the most recent quarter, Wasatch Advisors Inc. owns 4,495,431 shares. Based on the stock’s current price, this gives the company a market value of $106,317,000. And finally, during the second quarter of the fiscal year, Victory Capital Management Inc. increased the proportion of Magnolia Oil & Gas it held in its portfolio by 56.2 percent. Following the acquisition of a further 1,496,572 shares during the most recent quarter, Victory Capital Management Inc. now holds a total of 4,161,353 shares of the company’s stock, which can be estimated to be worth approximately $87,347,000 at present. Institutional investors and hedge funds jointly own 98.60% of the company’s total shares, which means that these two types of investors hold the majority of the company’s stock.

Not too long ago, several research studies about MGY stock were made available for public consumption. The rating for Magnolia Oil & Gas was lowered from “b-” to “c+” in a report on the company’s performance released by TheStreet on December 7. The report was published on the company’s performance. Piper Sandler rated the company as “overweight” and decreased their target price for Magnolia Oil & Gas from $36.00 to $35.00 in a research report published on Wednesday, January 11. Piper Sandler’s report was made available to the public. The price goal had been previously set at $36.00. KeyCorp gave Magnolia Oil & Gas an “overweight” rating in a research report published on November 3, and the target price that the company has set for the stock has increased from $28.00 to $30.00. Magnolia Oil &

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