99,386 Shares in Magnolia Oil & Gas Co. (NYSE:MGY) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 99,386 shares of the company's stock, valued at approximately $2,324,000. Susquehanna Fundamental Investments LLC owned approximately 0.05% of Magnolia Oil & Gas at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mariner LLC increased its stake in Magnolia Oil & Gas by 1.8% during the fourth quarter. Mariner LLC now owns 43,229 shares of the company's stock valued at $1,011,000 after purchasing an additional 762 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Magnolia Oil & Gas by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,076,541 shares of the company's stock worth $48,550,000 after acquiring an additional 85,524 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Magnolia Oil & Gas in the 4th quarter valued at about $590,000. Proficio Capital Partners LLC bought a new position in Magnolia Oil & Gas in the 4th quarter worth about $292,000. Finally, Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in shares of Magnolia Oil & Gas in the fourth quarter valued at approximately $912,000. Institutional investors and hedge funds own 94.73% of the company's stock.

Magnolia Oil & Gas Price Performance

Shares of MGY stock traded up $0.23 on Friday, reaching $21.32. The company had a trading volume of 2,129,464 shares, compared to its average volume of 2,318,801. The stock has a market capitalization of $4.14 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 3.01 and a beta of 1.25. 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's 50-day moving average is $22.57 and its 200 day moving average is $24.34. Magnolia Oil & Gas Co. has a one year low of $19.09 and a one year high of $29.02.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. The firm had revenue of $350.30 million for the quarter, compared to analyst estimates of $337.83 million. Magnolia Oil & Gas had a net margin of 27.82% and a return on equity of 20.74%. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 EPS. Equities research analysts forecast that Magnolia Oil & Gas Co. will post 2.1 EPS for the current fiscal year.

Magnolia Oil & Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 2.81%. Magnolia Oil & Gas's dividend payout ratio is presently 29.85%.

Analyst Ratings Changes

MGY has been the subject of a number of recent analyst reports. Citigroup decreased their target price on shares of Magnolia Oil & Gas from $22.00 to $19.00 and set a "sell" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price target on Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Piper Sandler reduced their price objective on Magnolia Oil & Gas from $26.00 to $25.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Susquehanna decreased their price target 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. Finally, Truist Financial boosted their price objective on Magnolia Oil & Gas from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $27.21.

Insider Buying and Selling at Magnolia Oil & Gas

In related news, CEO Christopher G. Stavros bought 2,500 shares of Magnolia Oil & Gas stock in a transaction dated Monday, March 3rd. The stock was purchased at an average cost of $22.05 per share, with a total value of $55,125.00. Following the transaction, the chief executive officer now directly owns 892,372 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company's stock.

Magnolia Oil & Gas 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.