Caxton Associates LP Makes New Investment in Magnolia Oil & Gas Co. (NYSE:MGY)

Caxton Associates LP acquired a new position in 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 12,834 shares of the company's stock, valued at approximately $300,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bayesian Capital Management LP lifted its stake in shares of Magnolia Oil & Gas by 98.4% during the fourth quarter. Bayesian Capital Management LP now owns 50,200 shares of the company's stock valued at $1,174,000 after acquiring an additional 24,900 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Magnolia Oil & Gas by 2.2% during the fourth quarter. BNP Paribas Financial Markets now owns 131,291 shares of the company's stock valued at $3,070,000 after acquiring an additional 2,799 shares during the period. Gallo Partners LP acquired a new position in shares of Magnolia Oil & Gas during the fourth quarter valued at $975,000. Schonfeld Strategic Advisors LLC acquired a new position in Magnolia Oil & Gas in the fourth quarter valued at about $4,561,000. Finally, Lido Advisors LLC acquired a new position in Magnolia Oil & Gas in the fourth quarter valued at about $227,000. Institutional investors and hedge funds own 94.73% of the company's stock.

Magnolia Oil & Gas Stock Up 1.1%

Shares of NYSE:MGY traded up $0.26 during trading on Tuesday, hitting $23.26. 755,094 shares of the company were exchanged, compared to its average volume of 2,305,624. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 3.01 and a beta of 1.25. Magnolia Oil & Gas Co. has a fifty-two week low of $19.09 and a fifty-two week high of $29.02. The firm has a fifty day moving average price of $22.39 and a two-hundred day moving average price of $24.14. The company has a current ratio of 1.42, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20.

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

Magnolia Oil & Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Monday, May 12th. Magnolia Oil & Gas's dividend payout ratio (DPR) is 29.85%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Piper Sandler dropped their price objective on Magnolia Oil & Gas from $26.00 to $25.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. UBS Group started coverage on Magnolia Oil & Gas in a research report on Tuesday, April 22nd. They set a "buy" rating and a $26.00 price target on the stock. Truist Financial raised their price target on Magnolia Oil & Gas from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Johnson Rice lowered Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Susquehanna dropped their price target on Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $27.21.

Insiders Place Their Bets

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros bought 2,500 shares of Magnolia Oil & Gas stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of $22.05 per share, for a total transaction of $55,125.00. Following the purchase, the chief executive officer now owns 892,372 shares of the company's stock, valued at $19,676,802.60. The trade was a 0.28% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

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.