Dimensional Fund Advisors LP Grows Stake in Magnolia Oil & Gas Co. (NYSE:MGY)

Dimensional Fund Advisors LP increased its stake in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,768,047 shares of the company's stock after acquiring an additional 86,166 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.43% of Magnolia Oil & Gas worth $111,475,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Larson Financial Group LLC increased its stake in shares of Magnolia Oil & Gas by 112.3% during the 4th quarter. Larson Financial Group LLC now owns 1,072 shares of the company's stock worth $25,000 after purchasing an additional 567 shares during the last quarter. Mather Group LLC. boosted its stake in Magnolia Oil & Gas by 100.0% during the fourth quarter. Mather Group LLC. now owns 1,090 shares of the company's stock valued at $25,000 after buying an additional 545 shares during the period. R Squared Ltd bought a new position in Magnolia Oil & Gas in the 4th quarter worth about $43,000. Avior Wealth Management LLC raised its holdings in shares of Magnolia Oil & Gas by 30.0% in the 4th quarter. Avior Wealth Management LLC now owns 2,194 shares of the company's stock valued at $51,000 after acquiring an additional 506 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Magnolia Oil & Gas by 95.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,777 shares of the company's stock valued at $88,000 after acquiring an additional 1,844 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Magnolia Oil & Gas

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros purchased 2,500 shares of Magnolia Oil & Gas stock in a transaction dated Monday, March 3rd. The stock was acquired at an average price of $22.05 per share, for a total transaction of $55,125.00. Following the acquisition, the chief executive officer now owns 892,372 shares in the company, valued at $19,676,802.60. This trade represents a 0.28 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Magnolia Oil & Gas Trading Up 1.3 %

NYSE MGY traded up $0.28 during trading hours on Friday, hitting $21.37. 584,683 shares of the company were exchanged, compared to its average volume of 2,312,060. The stock has a market cap of $4.15 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 3.01 and a beta of 1.57. The company has a quick ratio of 1.47, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $22.61 and a 200 day moving average price of $24.38. Magnolia Oil & Gas Co. 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 posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. Magnolia Oil & Gas had a net margin of 27.82% and a return on equity of 20.74%. The company had revenue of $350.30 million for the quarter, compared to analyst estimates of $337.83 million. During the same period in the prior year, the company posted $0.46 EPS. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. Analysts forecast that Magnolia Oil & Gas Co. will post 2.1 earnings per share for the current fiscal year.

Magnolia Oil & Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 2.81%. Magnolia Oil & Gas's payout ratio is 31.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MGY shares. Bank of America restated a "neutral" rating and issued a $28.00 price objective (down from $29.00) on shares of Magnolia Oil & Gas in a report on Monday, January 13th. JPMorgan Chase & Co. dropped their target price on shares of Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Johnson Rice cut shares of Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 28th. UBS Group assumed coverage on Magnolia Oil & Gas in a research report on Tuesday, April 22nd. They issued a "buy" rating and a $26.00 target price for the company. Finally, The Goldman Sachs Group lowered shares of Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $27.00 to $26.00 in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $27.21.

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.