Deutsche Bank AG Buys 56,161 Shares of Magnolia Oil & Gas Co. (NYSE:MGY)

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mariner LLC increased its holdings in Magnolia Oil & Gas by 1.8% in the 4th quarter. Mariner LLC now owns 43,229 shares of the company's stock valued at $1,011,000 after buying an additional 762 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Magnolia Oil & Gas by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,076,541 shares of the company's stock valued at $48,550,000 after buying an additional 85,524 shares during the period. Northern Trust Corp increased its holdings in Magnolia Oil & Gas by 7.3% in the 4th quarter. Northern Trust Corp now owns 1,936,398 shares of the company's stock valued at $45,273,000 after buying an additional 131,941 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Magnolia Oil & Gas in the 4th quarter valued at $590,000. Finally, Proficio Capital Partners LLC bought a new stake in Magnolia Oil & Gas in the 4th quarter valued at $292,000. Institutional investors own 94.73% of the company's stock.

Magnolia Oil & Gas Price Performance

NYSE MGY traded down $0.04 on Friday, hitting $21.67. 1,163,227 shares of the company were exchanged, compared to its average volume of 2,284,937. The firm has a 50 day moving average of $22.24 and a two-hundred day moving average of $23.93. The company has a market cap of $4.17 billion, a P/E ratio of 11.23, a P/E/G ratio of 3.01 and a beta of 1.25. The company has a current ratio of 1.42, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20. 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 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 the consensus estimate of $337.83 million. Magnolia Oil & Gas had a net margin of 27.82% and a return on equity of 20.74%. The firm'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 EPS. On average, equities analysts predict that Magnolia Oil & Gas Co. will post 2.1 EPS for the current year.

Magnolia Oil & Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors 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 yield of 2.77%. Magnolia Oil & Gas's dividend payout ratio (DPR) is 29.85%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MGY shares. Susquehanna lowered their price target on shares of Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Piper Sandler lowered their price target on shares of Magnolia Oil & Gas from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. 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 target on the stock. Johnson Rice lowered shares of Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a report on Tuesday, January 28th. Finally, Williams Trading set a $29.00 target price on shares of Magnolia Oil & Gas in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Magnolia Oil & Gas presently has an average rating of "Hold" and a consensus price target of $26.93.

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.