Barrow Hanley Mewhinney & Strauss LLC Sells 25,877 Shares of Magnolia Oil & Gas Co. (NYSE:MGY)

Barrow Hanley Mewhinney & Strauss LLC decreased its position in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 4.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 618,131 shares of the company's stock after selling 25,877 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 0.31% of Magnolia Oil & Gas worth $14,452,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Magnolia Oil & Gas by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 20,938,200 shares of the company's stock valued at $489,535,000 after acquiring an additional 452,836 shares in the last quarter. First Trust Advisors LP grew its holdings 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 worth $360,297,000 after purchasing an additional 3,038,709 shares during the period. Janus Henderson Group PLC raised its stake in Magnolia Oil & Gas by 11.7% in the fourth quarter. Janus Henderson Group PLC now owns 6,396,875 shares of the company's stock valued at $149,559,000 after buying an additional 667,973 shares during the period. Wellington Management Group LLP lifted its position in shares of Magnolia Oil & Gas by 0.5% in the fourth quarter. Wellington Management Group LLP now owns 5,020,646 shares of the company's stock valued at $117,383,000 after buying an additional 26,943 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Magnolia Oil & Gas by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,768,047 shares of the company's stock worth $111,475,000 after acquiring an additional 86,166 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Insider Buying and Selling at Magnolia Oil & Gas

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros purchased 2,500 shares of the business's stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of $22.05 per share, for a total transaction of $55,125.00. Following the acquisition, the chief executive officer now owns 892,372 shares of the company's stock, valued at approximately $19,676,802.60. This represents a 0.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.20% of the company's stock.

Magnolia Oil & Gas Price Performance

Shares of MGY stock traded down $0.14 on Thursday, reaching $21.73. The company had a trading volume of 360,769 shares, compared to its average volume of 2,271,485. The business's 50-day moving average is $22.05 and its 200 day moving average is $23.86. The stock has a market capitalization of $4.18 billion, a PE ratio of 11.26, a price-to-earnings-growth 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 company has a quick ratio of 1.47, a current ratio of 1.42 and a debt-to-equity ratio of 0.20.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $337.83 million. During the same period in the prior year, the company earned $0.46 EPS. Magnolia Oil & Gas's revenue was up 9.7% compared to the same quarter last year. Equities research analysts forecast that Magnolia Oil & Gas Co. will post 2.1 EPS for the current fiscal year.

Magnolia Oil & Gas Announces Dividend

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 issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Monday, May 12th. Magnolia Oil & Gas's payout ratio is 29.85%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MGY shares. Bank of America increased their price target on shares of Magnolia Oil & Gas from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. UBS Group initiated coverage on shares of Magnolia Oil & Gas in a report on Tuesday, April 22nd. They issued a "buy" rating and a $26.00 price objective for the company. Citigroup dropped their price target on shares of Magnolia Oil & Gas from $22.00 to $19.00 and set a "sell" rating for the company in a research report on Tuesday, April 8th. Williams Trading set a $29.00 price target on Magnolia Oil & Gas in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. dropped their price objective on Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Magnolia Oil & Gas currently has a consensus rating of "Hold" and an average target price of $26.93.

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.