Bridgefront Capital LLC Buys Shares of 14,625 Magnolia Oil & Gas Co. (NYSE:MGY)

Bridgefront Capital LLC acquired a new position in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,625 shares of the company's stock, valued at approximately $342,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mariner LLC lifted its stake in shares of Magnolia Oil & Gas by 1.8% in the 4th quarter. Mariner LLC now owns 43,229 shares of the company's stock valued at $1,011,000 after purchasing an additional 762 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Magnolia Oil & Gas by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,076,541 shares of the company's stock valued at $48,550,000 after purchasing an additional 85,524 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Magnolia Oil & Gas in the 4th quarter valued at $590,000. Proficio Capital Partners LLC acquired a new position in shares of Magnolia Oil & Gas in the 4th quarter valued at $292,000. Finally, Mitsubishi UFJ Asset Management UK Ltd. acquired a new position in Magnolia Oil & Gas during the 4th quarter worth about $912,000. Institutional investors and hedge funds own 94.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MGY shares. Citigroup decreased their target price on Magnolia Oil & Gas from $22.00 to $19.00 and set a "sell" rating on the stock in a research note on Tuesday, April 8th. Bank of America restated a "neutral" rating and set a $28.00 price target (down previously from $29.00) on shares of Magnolia Oil & Gas in a report on Monday, January 13th. UBS Group began coverage on Magnolia Oil & Gas in a report on Tuesday, April 22nd. They set a "buy" rating and a $26.00 price target on the stock. The Goldman Sachs Group downgraded Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and cut their price target for the stock from $27.00 to $26.00 in a report on Friday, January 31st. Finally, Susquehanna cut 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $27.21.

Magnolia Oil & Gas Stock Up 5.5%

Shares of MGY traded up $1.20 during mid-day trading on Monday, reaching $23.04. The company's stock had a trading volume of 1,380,465 shares, compared to its average volume of 2,306,927. Magnolia Oil & Gas Co. has a 12-month low of $19.09 and a 12-month high of $29.02. The stock has a market cap of $4.47 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 3.01 and a beta of 1.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 1.47. The company's 50 day moving average is $22.38 and its 200 day moving average is $24.16.

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

Magnolia Oil & Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be given a $0.15 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.60%. Magnolia Oil & Gas's dividend payout ratio (DPR) is presently 29.85%.

Insider Activity at Magnolia Oil & Gas

In other news, CEO Christopher G. Stavros bought 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 in the company, valued at $19,676,802.60. This trade represents a 0.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company's stock.

Magnolia Oil & Gas 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.