Magnolia Oil & Gas Co. (NYSE:MGY) Shares Acquired by Jump Financial LLC

Jump Financial LLC increased its stake in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 261.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 216,574 shares of the company's stock after buying an additional 156,601 shares during the quarter. Jump Financial LLC owned about 0.10% of Magnolia Oil & Gas worth $4,611,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. abrdn plc acquired a new stake in Magnolia Oil & Gas during the 3rd quarter valued at approximately $28,249,000. American Century Companies Inc. grew its stake in Magnolia Oil & Gas by 24.7% during the 3rd quarter. American Century Companies Inc. now owns 6,009,953 shares of the company's stock valued at $137,688,000 after purchasing an additional 1,188,536 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Magnolia Oil & Gas by 9.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,041,390 shares of the company's stock valued at $64,751,000 after purchasing an additional 274,908 shares in the last quarter. Vest Financial LLC grew its stake in Magnolia Oil & Gas by 51.4% during the 4th quarter. Vest Financial LLC now owns 606,277 shares of the company's stock valued at $12,908,000 after purchasing an additional 205,924 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Magnolia Oil & Gas by 12.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,735,955 shares of the company's stock valued at $39,771,000 after purchasing an additional 195,467 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Magnolia Oil & Gas Stock Performance

Shares of NYSE MGY traded down $0.49 during mid-day trading on Friday, hitting $25.88. The company had a trading volume of 2,354,182 shares, compared to its average volume of 2,466,421. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 1.57 and a beta of 2.03. Magnolia Oil & Gas Co. has a 12 month low of $18.92 and a 12 month high of $27.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.88. The firm's 50 day simple moving average is $25.40 and its two-hundred day simple moving average is $22.70.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.04). The company had revenue of $322.63 million during the quarter, compared to the consensus estimate of $324.95 million. Magnolia Oil & Gas had a return on equity of 20.41% and a net margin of 30.46%. As a group, equities research analysts forecast that Magnolia Oil & Gas Co. will post 2.15 earnings per share for the current year.

Magnolia Oil & Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, May 10th. Magnolia Oil & Gas's payout ratio is currently 25.87%.

Wall Street Analysts Forecast Growth

MGY has been the subject of a number of recent analyst reports. Citigroup raised their price objective on Magnolia Oil & Gas from $18.00 to $22.00 and gave the company a "sell" rating in a research note on Monday, April 15th. Mizuho lifted their target price on Magnolia Oil & Gas from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Thursday, March 14th. Bank of America started coverage on Magnolia Oil & Gas in a research report on Tuesday, February 27th. They issued a "buy" rating and a $25.00 target price for the company. The Goldman Sachs Group lifted their target price on Magnolia Oil & Gas from $24.50 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, March 26th. Finally, Truist Financial lifted their target price on Magnolia Oil & Gas from $32.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $27.63.

About Magnolia Oil & Gas

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.

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