Crestline Management LP Has $1.91 Million Position in Magnolia Oil & Gas Co. (NYSE:MGY)

Crestline Management LP increased its position in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 363.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,495 shares of the company's stock after acquiring an additional 63,929 shares during the quarter. Crestline Management LP's holdings in Magnolia Oil & Gas were worth $1,905,000 as of its most recent SEC filing.

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

Insider Transactions at Magnolia Oil & Gas

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros purchased 2,500 shares of the company's 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 completion of the transaction, the chief executive officer now owns 892,372 shares in the company, valued at approximately $19,676,802.60. This represents a 0.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.20% of the company's stock.

Magnolia Oil & Gas Stock Performance

Shares of MGY traded up $0.25 during mid-day trading on Tuesday, reaching $23.25. The company's stock had a trading volume of 885,493 shares, compared to its average volume of 2,305,951. 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 Co. has a 1-year low of $19.09 and a 1-year high of $29.02. The business has a 50-day simple moving average of $22.39 and a two-hundred day simple moving average of $24.14. The stock has a market cap of $4.51 billion, a P/E ratio of 12.05, a PEG ratio of 3.01 and a beta of 1.25.

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

Magnolia Oil & Gas Announces Dividend

The company also recently disclosed 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 yield of 2.58%. The ex-dividend date is Monday, May 12th. Magnolia Oil & Gas's payout ratio is 29.85%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Bank of America reaffirmed a "neutral" rating and set a $28.00 price target (down from $29.00) on shares of Magnolia Oil & Gas in a research note on Monday, January 13th. Johnson Rice lowered shares of Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 28th. The Goldman Sachs Group downgraded shares of Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and decreased their target price for the company from $27.00 to $26.00 in a research report on Friday, January 31st. Finally, Citigroup cut their price target on shares of Magnolia Oil & Gas from $22.00 to $19.00 and set a "sell" rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $27.14.

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.