2 Stocks That Are Just Getting Started: BB&T Corporation (BBT), Magnolia Oil & Gas Corporation (MGY)

    The shares of BB&T Corporation (NYSE:BBT) has been pegged with a rating of Mkt Perform by Raymond James in its latest research note that was published on April 4th, 2019. Raymond James wasn’t the only research firm that published a report of BB&T Corporation, with other equities research analysts also giving their opinion on the stock. Deutsche Bank advised investors in its research note published on March 26th, 2019, to Buy the BBT stock while also putting a $53 price target. The stock had earned Outperform rating from FIG Partners when it published its report on February 8th, 2019. That day the FIG Partners set price target on the stock to $60. The stock was given Buy rating by BofA/Merrill in its report released on February 8th, 2019. BofA/Merrill was of a view that BBT is Underperform in its latest report on January 10th, 2019. Barclays thinks that BBT is worth Equal Weight rating. This was contained in the firm’s report on January 2nd, 2019 in which the stock’s price target was also moved to $59.

    The consensus currently stands at a Hold while its average price target is $54.42. The price of the stock the last time has raised by 16.30% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 50.25.

    The shares of the company added by 1.31% during the trading session on Thursday, reaching a low of $46.93 while ending the day at $47.31. During the trading session, a total of 2.75 million shares were traded which represents a 36.3% incline from the average session volume which is 4.31M shares. BBT had ended its last session trading at 46.70. BB&T Corporation currently has a market cap of $36.06B, while its P/E ratio stands at 11.82, while its P/E earnings growth sits at 4.20, with a beta of 1.16. BB&T Corporation debt-to-equity ratio currently stands at 0.73, while its quick ratio hovers at . BBT 52-week low price stands at $40.68 while its 52-week high price is $52.58.

    Investment analysts at Barclays published a research note on August 30th, 2019 where it informed investors and clients that Magnolia Oil & Gas Corporation (NYSE:MGY) is now rated as Overweight. Their price target on the stock stands at $13. Deutsche Bank also rated MGY as Upgrade on March 26th, 2019, with its price target of $51 suggesting that MGY could surge by 31.19% from its current share price. Even though the stock has been trading at $10.26/share, analysts expect it to surge higher by 0.19% to reach $14.94/share. It started the day trading at $10.48 and traded between $10.13 and $10.28 throughout the trading session.

    A look at its technical shows that MGY’s 50-day SMA is 10.63 while its 200-day SMA stands at 11.75. The stock has a high of $15.23 for the year while the low is $9.27. The company’s P/E ratio currently sits at 13.91, while the P/B ratio is 0.93. At the moment, only of Magnolia Oil & Gas Corporation shares were sold short. The company’s average trading volume currently stands at 1.66M shares, which means that the short-interest ratio is just 12.43 days. Over the past seven days, the company moved, with its shift of 4.26%. Looking further, the stock has dropped -4.10% over the past 90 days while it lost -16.01% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Fidelity Management Research Co sold more MGY shares, decreasing its portfolio by -21.68% during the last quarter. This move now sees Fidelity Management Research Co selling -5,290,800 shares in the last quarter, thus it now holds 19,115,400 shares of MGY, with a total valuation of $213,710,172. Davis Selected Advisers LP meanwhile sold more MGY shares in the recently filed quarter, changing its stake to $138,245,552 worth of shares. The Vanguard Group Inc followed the path by increasing its MGY portfolio by +4.21% in the quarter. This means that The Vanguard Group Inc bought 373,585 shares in the last quarter and now controls 9,240,917 shares of the MGY stock, with the valuation hitting $103,313,452.

    Similarly, Wellington Management Co LLP increased its Magnolia Oil & Gas Corporation shares by +29.23% during the recently filed quarter. After buying 1,875,092 shares in the last quarter, the firm now controls 8,289,669 shares of Magnolia Oil & Gas Corporation which are valued at $92,678,499. In the same vein, T Rowe Price Associates Inc increased its Magnolia Oil & Gas Corporation shares by during the most recent reported quarter. The firm bought 566,663 shares during the quarter which increased its stakes to 6,303,603 shares and is now valued at $70,474,282. Following these latest developments, around 4.40% of Magnolia Oil & Gas Corporation stocks are owned by institutional investors and hedge funds.