Schonfeld Strategic Advisors LLC Buys Shares of 195,070 Magnolia Oil & Gas Co. (NYSE:MGY)

Schonfeld Strategic Advisors LLC bought a new position in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 195,070 shares of the company's stock, valued at approximately $4,561,000. Schonfeld Strategic Advisors LLC owned about 0.10% of Magnolia Oil & Gas as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Barclays PLC raised its position in shares of Magnolia Oil & Gas by 62.5% during the third quarter. Barclays PLC now owns 1,653,736 shares of the company's stock worth $40,383,000 after acquiring an additional 636,049 shares during the last quarter. Tidal Investments LLC raised its holdings in Magnolia Oil & Gas by 21.9% during the 3rd quarter. Tidal Investments LLC now owns 34,636 shares of the company's stock worth $846,000 after purchasing an additional 6,225 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Magnolia Oil & Gas by 10.1% in the 3rd quarter. Principal Financial Group Inc. now owns 2,015,960 shares of the company's stock worth $49,238,000 after purchasing an additional 184,793 shares during the period. Nordea Investment Management AB boosted its stake in shares of Magnolia Oil & Gas by 1.3% in the 4th quarter. Nordea Investment Management AB now owns 422,341 shares of the company's stock valued at $9,938,000 after purchasing an additional 5,455 shares during the last quarter. Finally, Oliver Luxxe Assets LLC increased its position in shares of Magnolia Oil & Gas by 6.2% during the fourth quarter. Oliver Luxxe Assets LLC now owns 93,048 shares of the company's stock worth $2,175,000 after buying an additional 5,424 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Magnolia Oil & Gas

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros acquired 2,500 shares of the business's stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of $22.05 per share, with a total value of $55,125.00. Following the completion of the transaction, the chief executive officer now owns 892,372 shares in the company, valued at approximately $19,676,802.60. This trade represents a 0.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Piper Sandler dropped their target price on shares of Magnolia Oil & Gas from $26.00 to $25.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Truist Financial boosted their price objective on Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Johnson Rice cut Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Williams Trading set a $29.00 price target on Magnolia Oil & Gas in a research note on Wednesday, March 5th. Finally, UBS Group began coverage on shares of Magnolia Oil & Gas in a research report on Tuesday, April 22nd. They set a "buy" rating and a $26.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Magnolia Oil & Gas currently has a consensus rating of "Hold" and a consensus target price of $27.21.

Magnolia Oil & Gas Stock Down 3.6 %

Shares of Magnolia Oil & Gas stock traded down $0.77 during trading hours on Monday, reaching $20.52. The company's stock had a trading volume of 2,054,907 shares, compared to its average volume of 2,320,577. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.42. The stock's fifty day simple moving average is $22.57 and its two-hundred day simple moving average is $24.33. The company has a market capitalization of $3.98 billion, a P/E ratio of 10.63, a P/E/G ratio of 3.01 and a beta of 1.25. Magnolia Oil & Gas Co. has a one year low of $19.09 and a one year high of $29.02.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. The business had revenue of $350.30 million during the quarter, compared to the consensus estimate of $337.83 million. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. The company's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS. On average, research analysts forecast that Magnolia Oil & Gas Co. will post 2.1 earnings per share for the current year.

Magnolia Oil & Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 2.92%. Magnolia Oil & Gas's dividend payout ratio (DPR) is currently 29.85%.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX.