Moody Aldrich Partners LLC Sells 99,363 Shares of Magnolia Oil & Gas Corp (NYSE:MGY)

Moody Aldrich Partners LLC decreased its holdings in shares of Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) by 33.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 201,350 shares of the company's stock after selling 99,363 shares during the period. Moody Aldrich Partners LLC owned approximately 0.10% of Magnolia Oil & Gas worth $5,086,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in Magnolia Oil & Gas by 112.3% during the fourth quarter. Larson Financial Group LLC now owns 1,072 shares of the company's stock worth $25,000 after buying an additional 567 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in Magnolia Oil & Gas during the first quarter worth $30,000. Quarry LP raised its holdings in Magnolia Oil & Gas by 1,047.8% during the fourth quarter. Quarry LP now owns 2,135 shares of the company's stock worth $50,000 after buying an additional 1,949 shares during the last quarter. Parallel Advisors LLC raised its holdings in Magnolia Oil & Gas by 122.8% during the first quarter. Parallel Advisors LLC now owns 2,308 shares of the company's stock worth $58,000 after buying an additional 1,272 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Magnolia Oil & Gas by 95.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,777 shares of the company's stock worth $88,000 after buying an additional 1,844 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MGY shares. Wells Fargo & Company lowered their price objective on shares of Magnolia Oil & Gas from $22.00 to $21.00 and set an "underweight" rating on the stock in a report on Monday, June 16th. 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. Bank of America upped their target price on shares of Magnolia Oil & Gas from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. UBS Group reiterated a "buy" rating and issued a $29.00 target price (up previously from $26.00) on shares of Magnolia Oil & Gas in a research note on Friday, June 13th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Magnolia Oil & Gas currently has an average rating of "Hold" and a consensus target price of $27.00.

Magnolia Oil & Gas Stock Performance

MGY traded down $0.03 during trading on Friday, hitting $23.33. 837,262 shares of the company traded hands, compared to its average volume of 2,349,541. The firm has a market cap of $4.49 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 3.11 and a beta of 1.28. The stock's fifty day moving average is $22.53 and its 200 day moving average is $23.16. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.20. Magnolia Oil & Gas Corp has a one year low of $19.09 and a one year high of $29.02.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.55 earnings per share 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 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 firm's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. As a group, equities analysts predict 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. Investors of record on Monday, May 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 2.57%. Magnolia Oil & Gas's payout ratio is currently 29.85%.

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.