Boston Trust Walden Corp Boosts Holdings in Magnolia Oil & Gas Corp (NYSE:MGY)

Boston Trust Walden Corp boosted its stake in shares of Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) by 2.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,178,608 shares of the company's stock after buying an additional 88,021 shares during the quarter. Boston Trust Walden Corp owned approximately 1.64% of Magnolia Oil & Gas worth $80,292,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Isthmus Partners LLC increased its position in Magnolia Oil & Gas by 5.2% during 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 increased its position in Magnolia Oil & Gas by 3.0% during 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Magnolia Oil & Gas by 1.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,783 shares of the company's stock valued at $954,000 after purchasing an additional 564 shares during the period. Larson Financial Group LLC increased its position in Magnolia Oil & Gas by 112.3% during the 4th quarter. Larson Financial Group LLC now owns 1,072 shares of the company's stock valued at $25,000 after purchasing an additional 567 shares during the period. Finally, Summit Investment Advisors Inc. increased its position in Magnolia Oil & Gas by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 18,119 shares of the company's stock valued at $424,000 after purchasing an additional 574 shares during the period. Institutional investors own 94.73% of the company's stock.

Magnolia Oil & Gas Stock Performance

Shares of MGY stock traded down $0.04 during trading hours on Friday, hitting $24.05. The company's stock had a trading volume of 4,421,349 shares, compared to its average volume of 2,296,290. The company has a 50 day moving average of $22.07 and a 200 day moving average of $23.31. The stock has a market cap of $4.63 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 3.20 and a beta of 1.29. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.20. Magnolia Oil & Gas Corp has a 12-month low of $19.09 and a 12-month high of $29.02.

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. Magnolia Oil & Gas had a net margin of 28.50% and a return on equity of 20.73%. The business had revenue of $350.30 million for the quarter, compared to the consensus estimate of $337.83 million. During the same period in the prior year, the firm earned $0.46 EPS. The business's revenue for the quarter was up 9.7% on a year-over-year basis. On average, sell-side analysts forecast that Magnolia Oil & Gas Corp will post 2.1 EPS for the current fiscal year.

Magnolia Oil & Gas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Monday, May 12th. Magnolia Oil & Gas's dividend payout ratio (DPR) is presently 29.85%.

Analyst Ratings Changes

A number of research analysts have commented on MGY shares. Williams Trading set a $29.00 target price on shares of Magnolia Oil & Gas in a research report on Wednesday, March 5th. Citigroup cut their target price 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. Susquehanna cut their target price on shares of Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price objective on shares of Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Finally, Bank of America lifted their price objective on shares of Magnolia Oil & Gas from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $27.00.

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.