41,000 Shares in Magnolia Oil & Gas Co. (NYSE:MGY) Acquired by Defender Capital LLC.

Defender Capital LLC. purchased a new stake in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 41,000 shares of the company's stock, valued at approximately $873,000. Magnolia Oil & Gas comprises about 0.3% of Defender Capital LLC.'s holdings, making the stock its 18th biggest position.

Several other hedge funds have also modified their holdings of the company. VisionPoint Advisory Group LLC raised its position in shares of Magnolia Oil & Gas by 112.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,537 shares of the company's stock valued at $35,000 after purchasing an additional 813 shares during the last quarter. State of Wyoming raised its position in Magnolia Oil & Gas by 38.8% during the 2nd quarter. State of Wyoming now owns 2,552 shares of the company's stock worth $53,000 after buying an additional 713 shares during the last quarter. Captrust Financial Advisors raised its position in Magnolia Oil & Gas by 42.4% during the 1st quarter. Captrust Financial Advisors now owns 3,608 shares of the company's stock worth $85,000 after buying an additional 1,075 shares during the last quarter. Financial Management Professionals Inc. raised its position in Magnolia Oil & Gas by 48.7% during the 3rd quarter. Financial Management Professionals Inc. now owns 3,794 shares of the company's stock worth $87,000 after buying an additional 1,242 shares during the last quarter. Finally, UBS Group AG raised its position in Magnolia Oil & Gas by 22.2% during the 1st quarter. UBS Group AG now owns 4,653 shares of the company's stock worth $110,000 after buying an additional 846 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on MGY. Citigroup lowered shares of Magnolia Oil & Gas from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $24.00 to $18.00 in a research report on Monday, December 11th. Piper Sandler reduced their price target on shares of Magnolia Oil & Gas from $30.00 to $29.00 and set an "overweight" rating for the company in a research report on Wednesday, January 24th. The Goldman Sachs Group raised their price target on shares of Magnolia Oil & Gas from $24.50 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, March 26th. Bank of America began coverage on shares of Magnolia Oil & Gas in a research report on Tuesday, February 27th. They set a "buy" rating and a $25.00 price target for the company. Finally, Truist Financial raised their price objective on shares of Magnolia Oil & Gas from $32.00 to $33.00 and gave the stock a "buy" rating in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $25.71.

Magnolia Oil & Gas Stock Performance

Shares of NYSE MGY traded up $0.06 during midday trading on Thursday, reaching $26.68. 1,876,092 shares of the stock were exchanged, compared to its average volume of 3,418,331. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 1.67 and a beta of 2.05. Magnolia Oil & Gas Co. has a twelve month low of $18.72 and a twelve month high of $26.87. The firm has a 50-day simple moving average of $22.89 and a two-hundred day simple moving average of $22.10. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.21.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.04). Magnolia Oil & Gas had a net margin of 31.65% and a return on equity of 21.21%. The company had revenue of $322.63 million during the quarter, compared to analyst estimates of $324.95 million. As a group, analysts anticipate that Magnolia Oil & Gas Co. will post 2 EPS for the current fiscal year.

Magnolia Oil & Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.52 dividend on an annualized basis and a yield of 1.95%. This is a boost from Magnolia Oil & Gas's previous quarterly dividend of $0.12. Magnolia Oil & Gas's dividend payout ratio (DPR) is currently 25.37%.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation.