Magnolia Oil & Gas Co. (NYSE:MGY) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lessened its stake in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 618,131 shares of the company's stock after selling 25,877 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 0.31% of Magnolia Oil & Gas worth $14,452,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MGY. First Trust Advisors LP lifted its position in Magnolia Oil & Gas by 24.6% during the fourth quarter. First Trust Advisors LP now owns 15,410,496 shares of the company's stock valued at $360,297,000 after buying an additional 3,038,709 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Magnolia Oil & Gas by 11.7% during the 4th quarter. Janus Henderson Group PLC now owns 6,396,875 shares of the company's stock valued at $149,559,000 after acquiring an additional 667,973 shares in the last quarter. Barclays PLC boosted its position in Magnolia Oil & Gas by 62.5% during the 3rd quarter. Barclays PLC now owns 1,653,736 shares of the company's stock worth $40,383,000 after purchasing an additional 636,049 shares during the period. Raymond James Financial Inc. acquired a new stake in Magnolia Oil & Gas in the 4th quarter valued at $13,634,000. Finally, Renaissance Technologies LLC raised its position in Magnolia Oil & Gas by 910.5% in the fourth quarter. Renaissance Technologies LLC now owns 541,400 shares of the company's stock valued at $12,658,000 after purchasing an additional 487,820 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MGY. UBS Group started coverage on Magnolia Oil & Gas in a report on Tuesday, April 22nd. They issued a "buy" rating and a $26.00 price target for the company. Citigroup decreased their target price on shares of Magnolia Oil & Gas from $22.00 to $19.00 and set a "sell" rating for the company in a research note on Tuesday, April 8th. Johnson Rice downgraded shares of Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 28th. The Goldman Sachs Group lowered shares of Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $27.00 to $26.00 in a report on Friday, January 31st. Finally, Williams Trading set a $29.00 target price on Magnolia Oil & Gas in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $26.93.

Magnolia Oil & Gas Stock Down 1.2%

Shares of MGY stock traded down $0.27 during trading hours on Wednesday, hitting $21.85. 1,249,309 shares of the company were exchanged, compared to its average volume of 2,278,079. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 3.01 and a beta of 1.25. Magnolia Oil & Gas Co. has a one year low of $19.09 and a one year high of $29.02. The business's 50-day simple moving average is $22.11 and its two-hundred day simple moving average is $23.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.42.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.55 EPS for the quarter, topping the consensus estimate 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 company had revenue of $350.30 million during the quarter, compared to analyst estimates of $337.83 million. During the same quarter last year, the firm earned $0.46 EPS. The business's revenue was up 9.7% on a year-over-year basis. Sell-side analysts predict that Magnolia Oil & Gas Co. will post 2.1 EPS for the current fiscal year.

Magnolia Oil & Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 2.75%. Magnolia Oil & Gas's payout ratio is 29.85%.

Insider Buying and Selling at Magnolia Oil & Gas

In related news, CEO Christopher G. Stavros bought 2,500 shares of the stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of $22.05 per share, with a total value of $55,125.00. Following the completion of the acquisition, the chief executive officer now owns 892,372 shares of the company's stock, valued at $19,676,802.60. This trade represents a 0.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by insiders.

About Magnolia Oil & Gas

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.