Magnolia Oil & Gas Co. (NYSE:MGY) is Systematic Financial Management LP's 3rd Largest Position

Systematic Financial Management LP grew its position in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,033,275 shares of the company's stock after buying an additional 113,257 shares during the period. Magnolia Oil & Gas accounts for approximately 1.8% of Systematic Financial Management LP's investment portfolio, making the stock its 3rd largest position. Systematic Financial Management LP owned 1.54% of Magnolia Oil & Gas worth $70,918,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Magnolia Oil & Gas by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 20,938,200 shares of the company's stock valued at $489,535,000 after purchasing an additional 452,836 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Magnolia Oil & Gas by 24.6% in the 4th quarter. First Trust Advisors LP now owns 15,410,496 shares of the company's stock valued at $360,297,000 after buying an additional 3,038,709 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Magnolia Oil & Gas by 11.7% in the 4th quarter. Janus Henderson Group PLC now owns 6,396,875 shares of the company's stock valued at $149,559,000 after buying an additional 667,973 shares during the last quarter. Wellington Management Group LLP raised its stake in Magnolia Oil & Gas by 0.5% during the 4th quarter. Wellington Management Group LLP now owns 5,020,646 shares of the company's stock worth $117,383,000 after acquiring an additional 26,943 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Magnolia Oil & Gas by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,768,047 shares of the company's stock valued at $111,475,000 after acquiring an additional 86,166 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Wall Street Analyst Weigh In

MGY has been the topic of a number of research reports. The Goldman Sachs Group lowered shares of Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $27.00 to $26.00 in a research report on Friday, January 31st. UBS Group assumed coverage on shares of Magnolia Oil & Gas in a research report on Tuesday, April 22nd. They set a "buy" rating and a $26.00 price objective on the stock. Susquehanna reduced 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 report on Tuesday, April 22nd. Johnson Rice lowered Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a report on Tuesday, January 28th. Finally, Williams Trading set a $29.00 price target on Magnolia Oil & Gas in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Magnolia Oil & Gas has an average rating of "Hold" and an average price target of $27.14.

Insiders Place Their Bets

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 stock was bought 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 directly owns 892,372 shares of the company's stock, valued at $19,676,802.60. This represents a 0.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 1.20% of the stock is currently owned by company insiders.

Magnolia Oil & Gas Price Performance

NYSE:MGY traded down $0.05 during mid-day trading on Tuesday, hitting $22.31. 2,157,139 shares of the company's stock traded hands, compared to its average volume of 2,289,412. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.42. The company has a market cap of $4.29 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 3.01 and a beta of 1.25. The firm's 50 day simple moving average is $22.36 and its 200 day simple moving average is $24.04. 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 released its quarterly earnings results on Wednesday, April 30th. The company reported $0.55 EPS for the quarter, beating the consensus estimate 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 business 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 business earned $0.46 earnings per share. The company's quarterly revenue was up 9.7% on a year-over-year basis. Sell-side analysts expect that Magnolia Oil & Gas Co. will post 2.1 EPS for the current year.

Magnolia Oil & Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.69%. The ex-dividend date is Monday, May 12th. Magnolia Oil & Gas's payout ratio is 29.85%.

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.