Magnolia Oil & Gas Co. (NYSE:MGY) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP reduced its position in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 60.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 428,489 shares of the company's stock after selling 649,638 shares during the quarter. Two Sigma Investments LP owned approximately 0.22% of Magnolia Oil & Gas worth $10,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of MGY. Barclays PLC boosted its position in shares of Magnolia Oil & Gas by 62.5% in the third quarter. Barclays PLC now owns 1,653,736 shares of the company's stock worth $40,383,000 after purchasing an additional 636,049 shares during the period. Park Avenue Securities LLC boosted its position in shares of Magnolia Oil & Gas by 30.8% in the fourth quarter. Park Avenue Securities LLC now owns 13,336 shares of the company's stock worth $312,000 after purchasing an additional 3,142 shares during the period. Avior Wealth Management LLC boosted its position in shares of Magnolia Oil & Gas by 30.0% during the fourth quarter. Avior Wealth Management LLC now owns 2,194 shares of the company's stock worth $51,000 after acquiring an additional 506 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Magnolia Oil & Gas by 3.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 35,694 shares of the company's stock worth $835,000 after acquiring an additional 1,049 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Magnolia Oil & Gas by 52.2% during the fourth quarter. KBC Group NV now owns 7,757 shares of the company's stock worth $181,000 after acquiring an additional 2,662 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Christopher G. Stavros bought 2,500 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were bought at an average price of $22.05 per share, with a total value of $55,125.00. Following the completion of the transaction, the chief executive officer now directly owns 892,372 shares of the company's stock, valued at $19,676,802.60. This represents a 0.28% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.20% of the company's stock.

Magnolia Oil & Gas Price Performance

Shares of Magnolia Oil & Gas stock traded down $0.27 during trading hours on Wednesday, reaching $21.85. 1,249,324 shares of the company's stock were exchanged, compared to its average volume of 2,278,079. Magnolia Oil & Gas Co. has a 1 year low of $19.09 and a 1 year high of $29.02. The company has a market capitalization of $4.21 billion, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 3.01 and a beta of 1.25. The business has a fifty day moving average of $22.11 and a two-hundred day moving average of $23.87. The company has a quick ratio of 1.47, a current ratio of 1.42 and a debt-to-equity ratio of 0.20.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 27.82% and a return on equity of 20.74%. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 earnings per share. As a group, research analysts predict that Magnolia Oil & Gas Co. will post 2.1 earnings per share for the current fiscal year.

Magnolia Oil & Gas Announces Dividend

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

Analysts Set New Price Targets

MGY has been the subject of a number of research reports. Susquehanna dropped 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. Johnson Rice lowered shares of Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 28th. The Goldman Sachs Group lowered shares of Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $27.00 to $26.00 in a research report on Friday, January 31st. Williams Trading set a $29.00 target price on shares of Magnolia Oil & Gas in a research report on Wednesday, March 5th. Finally, UBS Group initiated coverage on shares of Magnolia Oil & Gas in a research report on Tuesday, April 22nd. They set a "buy" rating and a $26.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Magnolia Oil & Gas presently has a consensus rating of "Hold" and an average price target 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.