Epoch Investment Partners Inc. Sells 104,871 Shares of Magnolia Oil & Gas Co. (NYSE:MGY)

Epoch Investment Partners Inc. reduced its stake in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,666,151 shares of the company's stock after selling 104,871 shares during the period. Epoch Investment Partners Inc. owned approximately 1.36% of Magnolia Oil & Gas worth $62,335,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Larson Financial Group LLC boosted its stake in Magnolia Oil & Gas by 112.3% during the fourth quarter. Larson Financial Group LLC now owns 1,072 shares of the company's stock valued at $25,000 after buying an additional 567 shares during the period. Mather Group LLC. boosted its position in shares of Magnolia Oil & Gas by 100.0% during the 4th quarter. Mather Group LLC. now owns 1,090 shares of the company's stock valued at $25,000 after acquiring an additional 545 shares during the last quarter. R Squared Ltd purchased a new position in shares of Magnolia Oil & Gas during the fourth quarter worth about $43,000. Avior Wealth Management LLC increased its position in shares of Magnolia Oil & Gas by 30.0% in the fourth quarter. Avior Wealth Management LLC now owns 2,194 shares of the company's stock worth $51,000 after purchasing an additional 506 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Magnolia Oil & Gas by 95.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,777 shares of the company's stock valued at $88,000 after purchasing an additional 1,844 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros purchased 2,500 shares of the firm's stock in a transaction that occurred on 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 directly owns 892,372 shares in the company, valued at $19,676,802.60. The trade was a 0.28 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company's stock.

Analyst Ratings Changes

MGY has been the subject of several research reports. Susquehanna cut their target price on shares of Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating for the company in a research report on Tuesday. UBS Group assumed coverage on Magnolia Oil & Gas in a research report on Tuesday. They set a "buy" rating and a $26.00 price objective on the stock. Johnson Rice downgraded Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Bank of America reiterated a "neutral" rating and set a $28.00 price target (down from $29.00) on shares of Magnolia Oil & Gas in a research report on Monday, January 13th. Finally, Truist Financial lifted their price target on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Magnolia Oil & Gas presently has a consensus rating of "Hold" and a consensus price target of $27.21.

Magnolia Oil & Gas Trading Down 0.4 %

Shares of MGY traded down $0.08 during mid-day trading on Friday, hitting $21.28. 581,676 shares of the company's stock traded hands, compared to its average volume of 2,286,438. The company has a quick ratio of 1.47, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $4.13 billion, a P/E ratio of 11.01, a PEG ratio of 3.01 and a beta of 1.57. The business's 50-day moving average price is $22.91 and its 200-day moving average price is $24.57. Magnolia Oil & Gas Co. has a 1 year low of $19.09 and a 1 year high of $29.02.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.03. The business had revenue of $326.61 million for the quarter, compared to the consensus estimate of $327.40 million. Magnolia Oil & Gas had a net margin of 27.82% and a return on equity of 20.74%. As a group, sell-side analysts forecast that Magnolia Oil & Gas Co. will post 2.1 EPS for the current fiscal year.

Magnolia Oil & Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.82%. This is a boost from Magnolia Oil & Gas's previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 14th. Magnolia Oil & Gas's payout ratio is presently 31.09%.

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.