260,373 Shares in Magnolia Oil & Gas Corp (NYSE:MGY) Bought by Ruffer LLP

Ruffer LLP bought a new stake in shares of Magnolia Oil & Gas Corp (NYSE:MGY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 260,373 shares of the company's stock, valued at approximately $6,577,000. Ruffer LLP owned about 0.13% of Magnolia Oil & Gas as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. LPL Financial LLC grew its stake in Magnolia Oil & Gas by 55.8% in the 4th quarter. LPL Financial LLC now owns 32,102 shares of the company's stock worth $751,000 after acquiring an additional 11,493 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Magnolia Oil & Gas by 20.4% in the fourth quarter. JPMorgan Chase & Co. now owns 863,915 shares of the company's stock valued at $20,198,000 after purchasing an additional 146,421 shares during the period. Pictet Asset Management Holding SA grew its stake in Magnolia Oil & Gas by 10.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 25,067 shares of the company's stock worth $586,000 after purchasing an additional 2,348 shares in the last quarter. Geode Capital Management LLC increased its holdings in Magnolia Oil & Gas by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 4,136,456 shares of the company's stock worth $96,733,000 after purchasing an additional 28,687 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Magnolia Oil & Gas during the 4th quarter worth $161,000. Institutional investors own 94.73% of the company's stock.

Magnolia Oil & Gas Price Performance

Shares of MGY traded down $0.21 during mid-day trading on Thursday, reaching $23.51. 1,289,318 shares of the company's stock were exchanged, compared to its average volume of 2,705,325. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 3.12 and a beta of 1.31. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.20. The company has a 50-day simple moving average of $23.34 and a two-hundred day simple moving average of $23.08. 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 announced its earnings results on Wednesday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. Magnolia Oil & Gas had a net margin of 27.57% and a return on equity of 19.34%. The firm had revenue of $318.98 million for the quarter, compared to analyst estimates of $311.58 million. During the same quarter last year, the business earned $0.51 earnings per share. Magnolia Oil & Gas's revenue was down 5.3% compared to the same quarter last year. On average, sell-side analysts predict that Magnolia Oil & Gas Corp will post 2.1 EPS for the current fiscal year.

Magnolia Oil & Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 11th. Magnolia Oil & Gas's dividend payout ratio (DPR) is presently 31.41%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MGY shares. Susquehanna lowered their price target 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. Citigroup reaffirmed a "sell" rating on shares of Magnolia Oil & Gas in a research report on Thursday, July 10th. Bank of America lifted their price target on Magnolia Oil & Gas from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Wells Fargo & Company decreased their price objective on Magnolia Oil & Gas from $22.00 to $21.00 and set an "underweight" rating for the company in a research note on Monday, June 16th. Finally, Piper Sandler increased their price target on shares of Magnolia Oil & Gas from $24.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Magnolia Oil & Gas presently has a consensus rating of "Hold" and a consensus price target of $26.67.

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.