Gilder Gagnon Howe & Co. LLC Has $19.90 Million Stock Holdings in Magnolia Oil & Gas Co. (NYSE:MGY)

Gilder Gagnon Howe & Co. LLC lessened its holdings in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 2.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 851,007 shares of the company's stock after selling 21,943 shares during the period. Gilder Gagnon Howe & Co. LLC owned about 0.43% of Magnolia Oil & Gas worth $19,897,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MGY. MML Investors Services LLC raised its holdings in shares of Magnolia Oil & Gas by 13.0% during the 3rd quarter. MML Investors Services LLC now owns 9,522 shares of the company's stock worth $233,000 after acquiring an additional 1,096 shares in the last quarter. Barclays PLC grew its holdings 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 last quarter. Sanctuary Advisors LLC increased its position in shares of Magnolia Oil & Gas by 11.4% during the third quarter. Sanctuary Advisors LLC now owns 18,123 shares of the company's stock worth $443,000 after acquiring an additional 1,857 shares during the period. Tidal Investments LLC lifted its holdings in shares of Magnolia Oil & Gas by 21.9% in the 3rd quarter. Tidal Investments LLC now owns 34,636 shares of the company's stock worth $846,000 after buying an additional 6,225 shares during the period. Finally, Principal Financial Group Inc. increased its position in Magnolia Oil & Gas by 10.1% during the 3rd quarter. Principal Financial Group Inc. now owns 2,015,960 shares of the company's stock valued at $49,238,000 after purchasing an additional 184,793 shares during the period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MGY shares. Bank of America restated a "neutral" rating and issued a $28.00 target price (down from $29.00) on shares of Magnolia Oil & Gas in a research note on Monday, January 13th. The Goldman Sachs Group lowered 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 report on Friday, January 31st. Susquehanna reduced their price target 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. JPMorgan Chase & Co. reduced their price target on shares of Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, UBS Group started coverage on shares of Magnolia Oil & Gas in a research note on Tuesday, April 22nd. They set a "buy" rating and a $26.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Magnolia Oil & Gas presently has an average rating of "Hold" and a consensus price target of $27.21.

Insider Buying and Selling at Magnolia Oil & Gas

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros purchased 2,500 shares of the stock in a transaction on Monday, March 3rd. The shares were purchased at an average price of $22.05 per share, with a total value of $55,125.00. Following the acquisition, 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company's stock.

Magnolia Oil & Gas Price Performance

Shares of Magnolia Oil & Gas stock traded up $0.40 on Thursday, hitting $20.93. The company had a trading volume of 1,136,787 shares, compared to its average volume of 2,306,587. 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 $4.06 billion, a PE ratio of 10.81, a PEG ratio of 3.01 and a beta of 1.57. The business has a 50-day simple moving average of $22.67 and a 200-day simple moving average of $24.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 1.47.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $350.30 million during the quarter, compared to the consensus estimate of $337.83 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The company's quarterly revenue was up 9.7% compared to the same quarter last year. Research analysts expect that Magnolia Oil & Gas Co. 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 Monday, June 2nd. Stockholders of record on Monday, May 12th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.87%. Magnolia Oil & Gas's dividend payout ratio is currently 31.09%.

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.