Charles Schwab Investment Management Inc. Purchases 46,510 Shares of Magnolia Oil & Gas Co. (NYSE:MGY)

Charles Schwab Investment Management Inc. boosted its position in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 2.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,782,465 shares of the company's stock after purchasing an additional 46,510 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.86% of Magnolia Oil & Gas worth $37,949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MGY. Albert D Mason Inc. increased its position in Magnolia Oil & Gas by 1.6% during the fourth quarter. Albert D Mason Inc. now owns 31,094 shares of the company's stock worth $662,000 after purchasing an additional 490 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Magnolia Oil & Gas by 6.7% during the 3rd quarter. Signaturefd LLC now owns 8,325 shares of the company's stock worth $191,000 after buying an additional 523 shares during the last quarter. AMG National Trust Bank raised its position in shares of Magnolia Oil & Gas by 1.3% in the 3rd quarter. AMG National Trust Bank now owns 57,698 shares of the company's stock worth $1,322,000 after buying an additional 730 shares during the period. VisionPoint Advisory Group LLC boosted its holdings in Magnolia Oil & Gas by 112.3% in the third quarter. VisionPoint Advisory Group LLC now owns 1,537 shares of the company's stock valued at $35,000 after acquiring an additional 813 shares during the last quarter. Finally, Oak Family Advisors LLC grew its position in Magnolia Oil & Gas by 1.6% during the fourth quarter. Oak Family Advisors LLC now owns 80,587 shares of the company's stock valued at $1,716,000 after acquiring an additional 1,275 shares during the period. Institutional investors and hedge funds own 94.73% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Mizuho lifted their price objective on Magnolia Oil & Gas from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Monday, May 13th. Susquehanna lifted their price target on shares of Magnolia Oil & Gas from $28.00 to $31.00 and gave the company a "positive" rating in a research report on Monday, April 22nd. Bank of America started coverage on shares of Magnolia Oil & Gas in a research note on Tuesday, February 27th. They set a "buy" rating and a $25.00 price objective for the company. Wells Fargo & Company raised their target price on shares of Magnolia Oil & Gas from $23.00 to $27.00 and gave the company an "equal weight" rating in a research note on Thursday, April 18th. Finally, Citigroup upped their price target on shares of Magnolia Oil & Gas from $18.00 to $22.00 and gave the stock a "sell" rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $27.88.

Insiders Place Their Bets

In other Magnolia Oil & Gas news, Director John B. Walker sold 12,000,000 shares of the company's stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $25.58, for a total transaction of $306,960,000.00. Following the sale, the director now owns 4,164,961 shares in the company, valued at $106,539,702.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by company insiders.

Magnolia Oil & Gas Stock Down 0.7 %

Shares of Magnolia Oil & Gas stock traded down $0.17 on Tuesday, hitting $25.55. 1,679,683 shares of the company's stock traded hands, compared to its average volume of 3,106,092. Magnolia Oil & Gas Co. has a 52-week low of $19.05 and a 52-week high of $27.33. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. The stock has a market cap of $5.18 billion, a P/E ratio of 12.71, a PEG ratio of 1.46 and a beta of 2.03. The firm's 50-day moving average is $25.69 and its 200 day moving average is $22.86.

Magnolia Oil & Gas Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, May 10th. This represents a $0.52 dividend on an annualized basis and a yield of 2.04%. Magnolia Oil & Gas's dividend payout ratio (DPR) is 25.87%.

Magnolia Oil & Gas 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.