ProShare Advisors LLC Boosts Stake in Magnolia Oil & Gas Co. (NYSE:MGY)

ProShare Advisors LLC lifted its position in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 44.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,547 shares of the company's stock after buying an additional 16,120 shares during the quarter. ProShare Advisors LLC's holdings in Magnolia Oil & Gas were worth $1,229,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MGY. Isthmus Partners LLC raised its stake in Magnolia Oil & Gas by 5.2% in the fourth quarter. Isthmus Partners LLC now owns 9,320 shares of the company's stock worth $218,000 after buying an additional 460 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Magnolia Oil & Gas by 3.0% during the 4th quarter. OneDigital Investment Advisors LLC now owns 15,768 shares of the company's stock worth $369,000 after acquiring an additional 464 shares in the last quarter. Avior Wealth Management LLC grew 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 last quarter. Mather Group LLC. raised its stake in Magnolia Oil & Gas by 100.0% in the fourth quarter. Mather Group LLC. now owns 1,090 shares of the company's stock valued at $25,000 after buying an additional 545 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Magnolia Oil & Gas by 1.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,783 shares of the company's stock valued at $954,000 after purchasing an additional 564 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on MGY. The Goldman Sachs Group downgraded Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $27.00 to $26.00 in a report on Friday, January 31st. UBS Group began coverage on shares of Magnolia Oil & Gas in a research note on Tuesday, April 22nd. They issued a "buy" rating and a $26.00 price target on the stock. JPMorgan Chase & Co. reduced their target price 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. 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 report on Tuesday, April 22nd. Finally, Johnson Rice lowered Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Two investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $26.93.

Insider Activity

In other news, CEO Christopher G. Stavros acquired 2,500 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of $22.05 per share, with a total value of $55,125.00. Following the transaction, the chief executive officer now owns 892,372 shares in the company, valued at approximately $19,676,802.60. This trade represents a 0.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company's stock.

Magnolia Oil & Gas Trading Down 0.2%

Shares of MGY traded down $0.04 during midday trading on Monday, hitting $21.67. 1,163,227 shares of the stock were exchanged, compared to its average volume of 2,284,937. Magnolia Oil & Gas Co. has a 52-week low of $19.09 and a 52-week high of $29.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.42. The stock has a fifty day simple moving average of $22.24 and a 200 day simple moving average of $23.93. The firm has a market cap of $4.17 billion, a P/E ratio of 11.23, a P/E/G ratio of 3.01 and a beta of 1.25.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its 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 the consensus estimate of $337.83 million. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. Magnolia Oil & Gas's revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. On average, research analysts anticipate that Magnolia Oil & Gas Co. will post 2.1 EPS for the current fiscal year.

Magnolia Oil & Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Monday, May 12th. Magnolia Oil & Gas's dividend 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.