Two Sigma Investments LP Lowers Stock Holdings in Magnolia Oil & Gas Co. (NYSE:MGY)

Two Sigma Investments LP trimmed its position in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 60.3% during the 4th quarter, according to the company in its most recent 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 period. Two Sigma Investments LP owned 0.22% of Magnolia Oil & Gas worth $10,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tidal Investments LLC increased its holdings in shares of Magnolia Oil & Gas by 4.7% in the fourth quarter. Tidal Investments LLC now owns 36,280 shares of the company's stock valued at $848,000 after purchasing an additional 1,644 shares during the period. Systematic Financial Management LP lifted its holdings in shares of Magnolia Oil & Gas by 3.9% during the fourth quarter. Systematic Financial Management LP now owns 3,033,275 shares of the company's stock worth $70,918,000 after purchasing an additional 113,257 shares during the period. ProShare Advisors LLC boosted its position in Magnolia Oil & Gas by 44.3% in the fourth quarter. ProShare Advisors LLC now owns 52,547 shares of the company's stock valued at $1,229,000 after buying an additional 16,120 shares during the last quarter. Man Group plc increased its holdings in Magnolia Oil & Gas by 9.2% in the 4th quarter. Man Group plc now owns 321,509 shares of the company's stock worth $7,517,000 after buying an additional 27,039 shares during the period. Finally, Nicholas Investment Partners LP increased its holdings in Magnolia Oil & Gas by 61.4% in the 4th quarter. Nicholas Investment Partners LP now owns 140,833 shares of the company's stock worth $3,293,000 after buying an additional 53,586 shares during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.

Insider Transactions at Magnolia Oil & Gas

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros acquired 2,500 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average cost of $22.05 per share, for a total transaction of $55,125.00. Following the completion of the acquisition, the chief executive officer now 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

MGY has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Citigroup lowered their price target on shares of Magnolia Oil & Gas from $22.00 to $19.00 and set a "sell" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group lowered Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $27.00 to $26.00 in a research note on Friday, January 31st. Susquehanna decreased their price objective on Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Finally, Piper Sandler lowered their target price on Magnolia Oil & Gas from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Magnolia Oil & Gas presently has a consensus rating of "Hold" and a consensus target price of $26.93.

Magnolia Oil & Gas Price Performance

Shares of NYSE MGY traded down $0.30 during mid-day trading on Friday, reaching $21.59. The company's stock had a trading volume of 248,827 shares, compared to its average volume of 2,268,039. The stock has a market capitalization of $4.16 billion, a P/E ratio of 11.23, a P/E/G ratio of 3.01 and a beta of 1.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.42. Magnolia Oil & Gas Co. has a 1-year low of $19.09 and a 1-year high of $29.02. The stock has a 50-day moving average of $21.98 and a two-hundred day moving average of $23.82.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued 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 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%. The company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS. On average, equities research analysts anticipate that Magnolia Oil & Gas Co. will post 2.1 EPS for the current fiscal year.

Magnolia Oil & Gas Dividend Announcement

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 paid a $0.15 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 2.78%. Magnolia Oil & Gas's dividend payout ratio (DPR) is 29.85%.

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.