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

Jane Street Group LLC reduced its stake in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 18.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,439 shares of the company's stock after selling 16,238 shares during the period. Jane Street Group LLC's holdings in Magnolia Oil & Gas were worth $1,670,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Mariner LLC lifted its stake in Magnolia Oil & Gas by 1.8% during the fourth quarter. Mariner LLC now owns 43,229 shares of the company's stock worth $1,011,000 after purchasing an additional 762 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Magnolia Oil & Gas by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,076,541 shares of the company's stock worth $48,550,000 after purchasing an additional 85,524 shares during the last quarter. Northern Trust Corp lifted its stake in Magnolia Oil & Gas by 7.3% during the fourth quarter. Northern Trust Corp now owns 1,936,398 shares of the company's stock worth $45,273,000 after purchasing an additional 131,941 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Magnolia Oil & Gas during the fourth quarter worth $590,000. Finally, Proficio Capital Partners LLC bought a new stake in Magnolia Oil & Gas during the fourth quarter worth $292,000. 94.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MGY shares. Bank of America upped their target price on Magnolia Oil & Gas from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday. Williams Trading set a $29.00 target price on Magnolia Oil & Gas in a research note on Wednesday, March 5th. Citigroup cut their target price on 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. UBS Group assumed coverage on shares of Magnolia Oil & Gas in a report on Tuesday, April 22nd. They set a "buy" rating and a $26.00 price target for the company. Finally, Johnson Rice downgraded shares of Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a report on Tuesday, January 28th. Two equities research 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 data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $26.93.

Magnolia Oil & Gas Trading Down 0.2%

NYSE MGY traded down $0.04 on Friday, reaching $21.67. The company had a trading volume of 1,163,227 shares, compared to its average volume of 2,284,937. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 11.23, 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 business has a 50 day moving average of $22.24 and a two-hundred day moving average of $23.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 1.47.

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

Magnolia Oil & Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a $0.15 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 2.77%. Magnolia Oil & Gas's payout ratio is 29.85%.

Insider Activity at Magnolia Oil & Gas

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

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.