Nuveen Asset Management LLC Sells 101,256 Shares of Magnolia Oil & Gas Co. (NYSE:MGY)

Nuveen Asset Management LLC decreased its holdings in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 944,221 shares of the company's stock after selling 101,256 shares during the period. Nuveen Asset Management LLC owned approximately 0.48% of Magnolia Oil & Gas worth $22,076,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Barclays PLC grew its position in Magnolia Oil & Gas by 62.5% during the 3rd quarter. Barclays PLC now owns 1,653,736 shares of the company's stock worth $40,383,000 after acquiring an additional 636,049 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Magnolia Oil & Gas by 30.8% in the 4th quarter. Park Avenue Securities LLC now owns 13,336 shares of the company's stock valued at $312,000 after purchasing an additional 3,142 shares during the period. Avior Wealth Management LLC raised its stake in Magnolia Oil & Gas by 30.0% during the 4th quarter. Avior Wealth Management LLC now owns 2,194 shares of the company's stock worth $51,000 after buying an additional 506 shares during the period. Exchange Traded Concepts LLC raised its stake in Magnolia Oil & Gas by 3.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 35,694 shares of the company's stock worth $835,000 after buying an additional 1,049 shares during the period. Finally, KBC Group NV raised its stake in Magnolia Oil & Gas by 52.2% during the 4th quarter. KBC Group NV now owns 7,757 shares of the company's stock worth $181,000 after buying an additional 2,662 shares during the period. Institutional investors own 94.73% of the company's stock.

Insider Buying and Selling at Magnolia Oil & Gas

In related news, CEO Christopher G. Stavros purchased 2,500 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was purchased at an average cost of $22.05 per share, with a total value of $55,125.00. Following the completion of the acquisition, the chief executive officer now directly owns 892,372 shares of the company's stock, valued at approximately $19,676,802.60. The trade was a 0.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.

Magnolia Oil & Gas Stock Performance

Shares of MGY stock traded down $0.05 during trading on Thursday, hitting $21.82. The company's stock had a trading volume of 192,466 shares, compared to its average volume of 2,681,429. The business has a fifty day moving average of $22.05 and a 200-day moving average of $23.86. Magnolia Oil & Gas Co. has a 52 week low of $19.09 and a 52 week high of $29.02. The company has a market cap of $4.20 billion, a PE ratio of 11.31, a P/E/G ratio of 3.01 and a beta of 1.25. The company has a current ratio of 1.42, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last announced its quarterly earnings data 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. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. The business had revenue of $350.30 million during the quarter, compared to analyst estimates of $337.83 million. During the same period in the prior year, the company earned $0.46 earnings per share. Magnolia Oil & Gas's revenue was up 9.7% compared to the same quarter last year. As a group, research analysts anticipate that Magnolia Oil & Gas Co. will post 2.1 earnings per share for the current year.

Magnolia Oil & Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Monday, May 12th. Magnolia Oil & Gas's dividend payout ratio (DPR) is 29.85%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Williams Trading set a $29.00 price target on Magnolia Oil & Gas in a research note on Wednesday, March 5th. Citigroup dropped their price target on Magnolia Oil & Gas from $22.00 to $19.00 and set a "sell" rating on the stock in a research note on Tuesday, April 8th. Susquehanna dropped their price target 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. The Goldman Sachs Group lowered Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $27.00 to $26.00 in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their price objective on Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.