Magnolia Oil & Gas Co. (NYSE:MGY) Shares Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc raised its position in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 197.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,106 shares of the company's stock after buying an additional 142,067 shares during the quarter. Ensign Peak Advisors Inc owned about 0.11% of Magnolia Oil & Gas worth $5,006,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Barclays PLC grew its holdings in Magnolia Oil & Gas by 62.5% during the 3rd quarter. Barclays PLC now owns 1,653,736 shares of the company's stock valued at $40,383,000 after purchasing an additional 636,049 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Magnolia Oil & Gas by 30.8% during the fourth quarter. Park Avenue Securities LLC now owns 13,336 shares of the company's stock valued at $312,000 after buying an additional 3,142 shares during the period. Argent Capital Management LLC grew its stake in shares of Magnolia Oil & Gas by 36.7% during the fourth quarter. Argent Capital Management LLC now owns 53,720 shares of the company's stock valued at $1,256,000 after buying an additional 14,430 shares during the last quarter. Albert D Mason Inc. raised its holdings in shares of Magnolia Oil & Gas by 0.7% in the fourth quarter. Albert D Mason Inc. now owns 61,497 shares of the company's stock worth $1,438,000 after buying an additional 411 shares during the period. Finally, Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in shares of Magnolia Oil & Gas during the 4th quarter worth approximately $912,000. Institutional investors own 94.73% of the company's stock.

Magnolia Oil & Gas Stock Up 0.0%

MGY stock traded up $0.01 during trading on Tuesday, hitting $22.37. 194,535 shares of the company's stock traded hands, compared to its average volume of 2,284,830. The firm has a market capitalization of $4.30 billion, a P/E ratio of 11.59, a PEG ratio of 3.01 and a beta of 1.25. Magnolia Oil & Gas Co. has a 1 year low of $19.09 and a 1 year high of $29.02. 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 business has a fifty day simple moving average of $22.36 and a two-hundred day simple moving average of $24.05.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $350.30 million for the quarter, compared to analysts' expectations of $337.83 million. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. The business's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 EPS. Sell-side analysts anticipate that Magnolia Oil & Gas Co. will post 2.1 EPS for the current year.

Magnolia Oil & Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders 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 yield of 2.68%. Magnolia Oil & Gas's dividend payout ratio (DPR) is presently 29.85%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Susquehanna decreased their target price on Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating for the company in a research report on Tuesday, April 22nd. Piper Sandler reduced their price target on shares of 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. Williams Trading set a $29.00 price objective on shares of Magnolia Oil & Gas in a report on Wednesday, March 5th. UBS Group initiated coverage on shares of Magnolia Oil & Gas in a research report on Tuesday, April 22nd. They issued a "buy" rating and a $26.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced 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 research report on Thursday, March 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 company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $27.14.

Insiders Place Their Bets

In other news, CEO Christopher G. Stavros bought 2,500 shares of the stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of $22.05 per share, for a total transaction of $55,125.00. Following the completion of the purchase, the chief executive officer now directly owns 892,372 shares in the company, valued at approximately $19,676,802.60. The trade was a 0.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.

About Magnolia Oil & Gas

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.