Aquatic Capital Management LLC Buys New Shares in Magnolia Oil & Gas Co. (NYSE:MGY)

Aquatic Capital Management LLC bought a new stake in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 61,844 shares of the company's stock, valued at approximately $1,446,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Oxford Asset Management LLP bought a new position in Magnolia Oil & Gas during the fourth quarter valued at approximately $226,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Magnolia Oil & Gas during the 4th quarter valued at $2,324,000. Oberweis Asset Management Inc. boosted its stake in shares of Magnolia Oil & Gas by 16.2% in the 4th quarter. Oberweis Asset Management Inc. now owns 306,300 shares of the company's stock worth $7,161,000 after buying an additional 42,800 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Magnolia Oil & Gas by 1.8% in the 4th quarter. Voya Investment Management LLC now owns 56,232 shares of the company's stock worth $1,315,000 after buying an additional 1,019 shares during the last quarter. Finally, Syon Capital LLC bought a new stake in shares of Magnolia Oil & Gas in the fourth quarter worth $209,000. Institutional investors own 94.73% of the company's stock.

Magnolia Oil & Gas Stock Down 2.4 %

MGY traded down $0.52 on Monday, hitting $20.78. The company had a trading volume of 403,920 shares, compared to its average volume of 2,793,090. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 3.01 and a beta of 1.25. 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 has a fifty day moving average price of $22.57 and a 200-day moving average price of $24.33. Magnolia Oil & Gas Co. has a 12-month low of $19.09 and a 12-month high of $29.02.

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

Magnolia Oil & Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Monday, May 12th. Magnolia Oil & Gas's payout ratio is presently 29.85%.

Insider Activity

In related news, CEO Christopher G. Stavros acquired 2,500 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $22.05 per share, with a total value of $55,125.00. Following the transaction, the chief executive officer now directly owns 892,372 shares of the company's stock, valued at $19,676,802.60. This trade represents a 0.28 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

MGY has been the subject of a number of recent research reports. Truist Financial boosted their price objective on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, January 13th. JPMorgan Chase & Co. dropped their target price on Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Susquehanna reduced their price target on Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Bank of America reissued a "neutral" rating and issued a $28.00 price objective (down from $29.00) on shares of Magnolia Oil & Gas in a research report on Monday, January 13th. Finally, Williams Trading set a $29.00 target price on Magnolia Oil & Gas in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $27.21.

About Magnolia Oil & Gas

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.