Magnolia Oil & Gas Corp (NYSE:MGY) Stock Holdings Lifted by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in shares of Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) by 2,696.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,706 shares of the company's stock after buying an additional 61,428 shares during the quarter. GAMMA Investing LLC's holdings in Magnolia Oil & Gas were worth $1,609,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Magnolia Oil & Gas by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 20,938,200 shares of the company's stock worth $489,535,000 after buying an additional 452,836 shares during the last quarter. First Trust Advisors LP grew its stake 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 buying an additional 3,038,709 shares during the last quarter. Janus Henderson Group PLC grew its stake in 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 grew its stake in 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 worth $117,383,000 after buying an additional 26,943 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Magnolia Oil & Gas by 1.8% during the 4th 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 during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group restated a "buy" rating and set a $29.00 price objective (up from $26.00) on shares of Magnolia Oil & Gas in a research note on Friday, June 13th. Williams Trading set a $29.00 price objective on shares of Magnolia Oil & Gas in a report on Wednesday, March 5th. Wells Fargo & Company decreased their target price on shares of Magnolia Oil & Gas from $22.00 to $21.00 and set an "underweight" rating for the company in a research report on Monday. Bank of America raised their target price on shares of Magnolia Oil & Gas from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Magnolia Oil & Gas has a consensus rating of "Hold" and a consensus target price of $27.00.

Magnolia Oil & Gas Price Performance

Shares of NYSE:MGY traded down $0.14 during trading hours on Wednesday, hitting $24.08. 2,885,404 shares of the company's stock traded hands, compared to its average volume of 2,300,541. The company's fifty day simple moving average is $21.92 and its two-hundred day simple moving average is $23.38. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 3.22 and a beta of 1.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.33 and a current ratio of 1.33. Magnolia Oil & Gas Corp has a 52 week low of $19.09 and a 52 week high of $29.02.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $350.30 million during the quarter, compared to analyst estimates of $337.83 million. Magnolia Oil & Gas had a net margin of 28.50% and a return on equity of 20.73%. The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 earnings per share. As a group, equities analysts anticipate that Magnolia Oil & Gas Corp will post 2.1 EPS for the current fiscal year.

Magnolia Oil & Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 2.49%. Magnolia Oil & Gas's dividend payout ratio is currently 29.85%.

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.