Magnolia Oil & Gas Co. (NYSE:MGY) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its holdings in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 42.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,715 shares of the company's stock after buying an additional 56,161 shares during the quarter. Deutsche Bank AG owned about 0.10% of Magnolia Oil & Gas worth $4,389,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Magnolia Oil & Gas by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 20,938,200 shares of the company's stock valued at $489,535,000 after purchasing an additional 452,836 shares during the period. First Trust Advisors LP grew its holdings in shares of Magnolia Oil & Gas by 24.6% in the fourth quarter. First Trust Advisors LP now owns 15,410,496 shares of the company's stock valued at $360,297,000 after purchasing an additional 3,038,709 shares during the period. Wellington Management Group LLP grew its holdings 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 purchasing an additional 26,943 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Magnolia Oil & Gas by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,768,047 shares of the company's stock valued at $111,475,000 after purchasing an additional 86,166 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Magnolia Oil & Gas by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 4,136,456 shares of the company's stock valued at $96,733,000 after purchasing an additional 28,687 shares during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group lowered shares of Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $27.00 to $26.00 in a report on Friday, January 31st. Susquehanna dropped their price objective on shares of Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Johnson Rice lowered shares of Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a report on Tuesday, January 28th. Citigroup lowered 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. Finally, Piper Sandler lowered their target price on shares of Magnolia Oil & Gas from $25.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $27.14.

Insider Transactions at Magnolia Oil & Gas

In other news, CEO Christopher G. Stavros bought 2,500 shares of Magnolia Oil & Gas stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average price of $22.05 per share, with a total value of $55,125.00. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.20% of the company's stock.

Magnolia Oil & Gas Stock Down 0.7%

Shares of MGY traded down $0.15 during mid-day trading on Thursday, hitting $21.73. 1,517,984 shares of the company's stock were exchanged, compared to its average volume of 2,287,006. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 11.26, a P/E/G ratio of 3.01 and a beta of 1.25. Magnolia Oil & Gas Co. has a fifty-two week low of $19.09 and a fifty-two week 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 stock's 50-day moving average is $22.29 and its 200-day moving average is $24.00.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The business had revenue of $350.30 million for the quarter, compared to analysts' expectations of $337.83 million. Magnolia Oil & Gas had a net margin of 27.82% and a return on equity of 20.74%. The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 earnings per share. On average, sell-side analysts anticipate that Magnolia Oil & Gas Co. will post 2.1 earnings per share for the current fiscal year.

Magnolia Oil & Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 2.76%. Magnolia Oil & Gas's dividend payout ratio is presently 29.85%.

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.