Magnolia Oil & Gas Co. (NYSE:MGY) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC cut its holdings in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 144,429 shares of the company's stock after selling 19,934 shares during the quarter. Kennedy Capital Management LLC owned about 0.07% of Magnolia Oil & Gas worth $3,377,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MGY. Bessemer Group Inc. grew its stake in Magnolia Oil & Gas by 4.1% during the 4th quarter. Bessemer Group Inc. now owns 800,811 shares of the company's stock valued at $18,722,000 after acquiring an additional 31,840 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Magnolia Oil & Gas by 910.5% during the 4th quarter. Renaissance Technologies LLC now owns 541,400 shares of the company's stock worth $12,658,000 after purchasing an additional 487,820 shares in the last quarter. Legal & General Group Plc increased its stake in Magnolia Oil & Gas by 2.1% in the fourth quarter. Legal & General Group Plc now owns 495,537 shares of the company's stock valued at $11,586,000 after acquiring an additional 10,189 shares during the period. Bank of Montreal Can lifted its holdings in shares of Magnolia Oil & Gas by 6.9% during the fourth quarter. Bank of Montreal Can now owns 40,309 shares of the company's stock valued at $942,000 after acquiring an additional 2,596 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Magnolia Oil & Gas by 2.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 406,671 shares of the company's stock worth $9,508,000 after acquiring an additional 10,327 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Magnolia Oil & Gas

In related news, CEO Christopher G. Stavros bought 2,500 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price of $22.05 per share, with a total value of $55,125.00. Following the completion of the acquisition, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MGY. The Goldman Sachs Group lowered shares of Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and cut their price objective for the company from $27.00 to $26.00 in a report on Friday, January 31st. Citigroup decreased their target price on shares of Magnolia Oil & Gas from $22.00 to $19.00 and set a "sell" rating for the company in a research note on Tuesday, April 8th. Truist Financial raised their target price on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. JPMorgan Chase & Co. lowered their target price 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. Finally, Williams Trading set a $29.00 price target on Magnolia Oil & Gas in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $27.54.

Magnolia Oil & Gas Stock Performance

Shares of Magnolia Oil & Gas stock traded up $0.38 during trading on Friday, hitting $21.10. 2,208,986 shares of the company's stock traded hands, compared to its average volume of 2,290,524. The stock has a market capitalization of $4.10 billion, a P/E ratio of 10.93, a PEG ratio of 3.01 and a beta of 1.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 1.47. The business has a 50-day simple moving average of $23.16 and a 200-day simple moving average of $24.75. Magnolia Oil & Gas Co. has a 1 year low of $19.09 and a 1 year high of $29.02.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. Magnolia Oil & Gas had a net margin of 27.82% and a return on equity of 20.74%. The company had revenue of $326.61 million during the quarter, compared to analyst estimates of $327.40 million. As a group, analysts forecast that Magnolia Oil & Gas Co. will post 2.1 EPS for the current year.

Magnolia Oil & Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $0.15 per share. This is an increase from Magnolia Oil & Gas's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 2.84%. Magnolia Oil & Gas's dividend payout ratio (DPR) is presently 31.09%.

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.