D. E. Shaw & Co. Inc. Lowers Stock Position in Magnolia Oil & Gas Co. (NYSE:MGY)

D. E. Shaw & Co. Inc. lessened its position in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 16.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 255,751 shares of the company's stock after selling 50,381 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.13% of Magnolia Oil & Gas worth $5,979,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Albert D Mason Inc. grew its stake in shares of Magnolia Oil & Gas by 0.7% in the 4th quarter. Albert D Mason Inc. now owns 61,497 shares of the company's stock valued at $1,438,000 after buying an additional 411 shares during the period. Isthmus Partners LLC grew its position in Magnolia Oil & Gas by 5.2% in the 4th quarter. Isthmus Partners LLC now owns 9,320 shares of the company's stock valued at $218,000 after purchasing an additional 460 shares during the period. OneDigital Investment Advisors LLC grew its position in Magnolia Oil & Gas by 3.0% in the 4th quarter. OneDigital Investment Advisors LLC now owns 15,768 shares of the company's stock valued at $369,000 after purchasing an additional 464 shares during the period. Avior Wealth Management LLC increased its holdings in Magnolia Oil & Gas by 30.0% during the 4th quarter. Avior Wealth Management LLC now owns 2,194 shares of the company's stock worth $51,000 after purchasing an additional 506 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in Magnolia Oil & Gas by 100.0% during the 4th quarter. Mather Group LLC. now owns 1,090 shares of the company's stock worth $25,000 after purchasing an additional 545 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research firms have recently weighed in on MGY. JPMorgan Chase & Co. dropped their target price on Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Piper Sandler cut their target price on Magnolia Oil & Gas from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. UBS Group initiated coverage on Magnolia Oil & Gas in a research note on Tuesday, April 22nd. They issued a "buy" rating and a $26.00 target price on the stock. Williams Trading set a $29.00 target price on Magnolia Oil & Gas in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group downgraded Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and cut their target price for the stock from $27.00 to $26.00 in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $27.14.

Magnolia Oil & Gas Stock Performance

NYSE MGY traded down $0.05 during trading on Tuesday, hitting $22.31. 2,157,139 shares of the company's stock traded hands, compared to its average volume of 2,292,513. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 3.01 and a beta of 1.25. Magnolia Oil & Gas Co. has a 12-month low of $19.09 and a 12-month high of $29.02. 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 business has a 50 day moving average of $22.36 and a 200-day moving average of $24.05.

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 the consensus estimate of $0.53 by $0.02. The business had revenue of $350.30 million for the quarter, compared to the consensus estimate of $337.83 million. Magnolia Oil & Gas had a net margin of 27.82% and a return on equity of 20.74%. The company's revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm 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 Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 2.69%. Magnolia Oil & Gas's dividend payout ratio is currently 29.85%.

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.