Two Sigma Advisers LP Cuts Position in Magnolia Oil & Gas Co. (NYSE:MGY)

Two Sigma Advisers LP reduced its stake in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 24.2% during the fourth quarter, according to its most recent filing with the SEC. The fund 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.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Magnolia Oil & Gas by 2.2% in the 4th 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 position 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 period. Janus Henderson Group PLC increased its holdings in shares of Magnolia Oil & Gas by 11.7% during the 4th quarter. Janus Henderson Group PLC now owns 6,396,875 shares of the company's stock worth $149,559,000 after buying an additional 667,973 shares during the last quarter. Wellington Management Group LLP increased its stake 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 worth $117,383,000 after buying an additional 26,943 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in 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 worth $111,475,000 after purchasing an additional 86,166 shares during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.

Magnolia Oil & Gas Trading Down 0.2%

NYSE MGY traded down $0.04 during trading on Friday, hitting $21.67. 1,163,227 shares of the company's stock traded hands, compared to its average volume of 2,282,627. Magnolia Oil & Gas Co. has a 12-month low of $19.09 and a 12-month high of $29.02. The stock has a fifty day moving average of $22.24 and a two-hundred day moving average of $23.97. The firm has a market cap of $4.17 billion, a P/E 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.

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

Magnolia Oil & Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be paid a dividend of $0.15 per share. The ex-dividend date 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 presently 29.85%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Johnson Rice lowered 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 Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and lowered their price target for the company from $27.00 to $26.00 in a research report on Friday, January 31st. Williams Trading set a $29.00 price objective on Magnolia Oil & Gas in a research report on Wednesday, March 5th. Susquehanna cut their target price on Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. Finally, UBS Group began coverage on shares of Magnolia Oil & Gas in a research report on Tuesday, April 22nd. They issued a "buy" rating and a $26.00 price target for the company. Two 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's stock. Based on data from MarketBeat.com, Magnolia Oil & Gas has a consensus rating of "Hold" and a consensus target price of $26.93.

Insider Activity

In other news, CEO Christopher G. Stavros purchased 2,500 shares of the business's stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of $22.05 per share, for a total transaction of $55,125.00. Following the completion of the acquisition, the chief executive officer now owns 892,372 shares in the company, valued at approximately $19,676,802.60. The trade was a 0.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is 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.