Magnolia Oil & Gas Co. (NYSE:MGY) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its position in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 24.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,091,700 shares of the company's stock after selling 348,700 shares during the quarter. Two Sigma Advisers LP owned 0.56% of Magnolia Oil & Gas worth $25,524,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MGY. Vanguard Group Inc. increased its position in shares of Magnolia Oil & Gas by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 20,938,200 shares of the company's stock worth $489,535,000 after acquiring an additional 452,836 shares during the last quarter. First Trust Advisors LP increased its holdings in Magnolia Oil & Gas by 24.6% during the 4th quarter. First Trust Advisors LP now owns 15,410,496 shares of the company's stock worth $360,297,000 after purchasing an additional 3,038,709 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Magnolia Oil & Gas by 11.7% in the 4th quarter. Janus Henderson Group PLC now owns 6,396,875 shares of the company's stock valued at $149,559,000 after purchasing an additional 667,973 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Magnolia Oil & Gas by 0.5% during the 4th quarter. Wellington Management Group LLP now owns 5,020,646 shares of the company's stock valued at $117,383,000 after buying an additional 26,943 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Magnolia Oil & Gas by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,768,047 shares of the company's stock worth $111,475,000 after buying an additional 86,166 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Magnolia Oil & Gas

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros purchased 2,500 shares of Magnolia Oil & Gas stock in a transaction on Monday, March 3rd. The stock was 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 owns 892,372 shares of the company's stock, valued at $19,676,802.60. The trade was a 0.28% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by company insiders.

Magnolia Oil & Gas Stock Performance

Shares of NYSE MGY traded down $0.04 during mid-day trading on Monday, hitting $21.67. The company had a trading volume of 1,163,227 shares, compared to its average volume of 2,284,937. Magnolia Oil & Gas Co. has a 12 month low of $19.09 and a 12 month high of $29.02. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 3.01 and a beta of 1.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 1.47. The firm's 50 day simple moving average is $22.24 and its two-hundred day simple moving average is $23.93.

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

Magnolia Oil & Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be given a $0.15 dividend. 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 is presently 29.85%.

Analyst Upgrades and Downgrades

MGY has been the topic of several recent analyst reports. Piper Sandler cut 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 began coverage on shares of Magnolia Oil & Gas in a research report on Tuesday, April 22nd. They set a "buy" rating and a $26.00 price target on the stock. Williams Trading set a $29.00 price objective on Magnolia Oil & Gas in a report on Wednesday, March 5th. Susquehanna cut their price objective on Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Finally, Bank of America lifted their target price on Magnolia Oil & Gas from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $26.93.

Magnolia Oil & Gas 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.