Jane Street Group LLC Sells 16,238 Shares of Magnolia Oil & Gas Co. (NYSE:MGY)

Jane Street Group LLC reduced its position in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 18.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 71,439 shares of the company's stock after selling 16,238 shares during the quarter. Jane Street Group LLC's holdings in Magnolia Oil & Gas were worth $1,670,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MGY. Mather Group LLC. increased its stake in Magnolia Oil & Gas by 100.0% during the 4th quarter. Mather Group LLC. now owns 1,090 shares of the company's stock valued at $25,000 after purchasing an additional 545 shares in the last quarter. Larson Financial Group LLC boosted its stake 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 last quarter. R Squared Ltd acquired a new position in Magnolia Oil & Gas during the 4th quarter valued at about $43,000. Quarry LP increased its holdings in Magnolia Oil & Gas by 1,047.8% during the 4th quarter. Quarry LP now owns 2,135 shares of the company's stock worth $50,000 after purchasing an additional 1,949 shares in the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of Magnolia Oil & Gas by 30.0% in the fourth quarter. Avior Wealth Management LLC now owns 2,194 shares of the company's stock worth $51,000 after purchasing an additional 506 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MGY. Johnson Rice downgraded 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 reduced their target price for the stock from $27.00 to $26.00 in a research note on Friday, January 31st. Susquehanna reduced their target price on shares of Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Citigroup reduced 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, JPMorgan Chase & Co. cut their target price on Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Magnolia Oil & Gas presently has an average rating of "Hold" and a consensus price target of $27.14.

Magnolia Oil & Gas Stock Performance

Shares of NYSE:MGY traded down $0.48 during midday trading on Wednesday, reaching $21.87. 2,008,570 shares of the company traded hands, compared to its average volume of 2,290,728. The firm's fifty day moving average price is $22.33 and its two-hundred day moving average price is $24.02. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 3.01 and a beta of 1.25. Magnolia Oil & Gas Co. has a 12 month low of $19.09 and a 12 month 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 issued 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. The company had revenue of $350.30 million during 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%. Magnolia Oil & Gas's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 earnings per share. On average, equities analysts expect that Magnolia Oil & Gas Co. will post 2.1 earnings per share for the current year.

Magnolia Oil & Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Monday, May 12th. Magnolia Oil & Gas's dividend payout ratio is 29.85%.

Insider Activity 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 acquired at an average price of $22.05 per share, with a total value of $55,125.00. Following the completion of the purchase, 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 purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by corporate insiders.

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.