Susquehanna International Group LLP Buys 69,995 Shares of Magnolia Oil & Gas Co. (NYSE:MGY)

Susquehanna International Group LLP grew its holdings in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 86.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 150,512 shares of the company's stock after buying an additional 69,995 shares during the period. Susquehanna International Group LLP owned 0.08% of Magnolia Oil & Gas worth $3,519,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Mather Group LLC. grew its position in Magnolia Oil & Gas by 100.0% during the fourth quarter. Mather Group LLC. now owns 1,090 shares of the company's stock worth $25,000 after buying an additional 545 shares during the period. Larson Financial Group LLC grew its position in shares of Magnolia Oil & Gas by 112.3% in the fourth quarter. Larson Financial Group LLC now owns 1,072 shares of the company's stock valued at $25,000 after purchasing an additional 567 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Magnolia Oil & Gas in the fourth quarter valued at approximately $43,000. Avior Wealth Management LLC grew its position in shares of Magnolia Oil & Gas by 30.0% in the fourth quarter. Avior Wealth Management LLC now owns 2,194 shares of the company's stock valued at $51,000 after purchasing an additional 506 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Magnolia Oil & Gas by 95.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,777 shares of the company's stock valued at $88,000 after purchasing an additional 1,844 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Magnolia Oil & Gas Price Performance

Magnolia Oil & Gas stock traded up $0.29 during mid-day trading on Friday, hitting $21.97. The company's stock had a trading volume of 1,927,845 shares, compared to its average volume of 2,310,019. Magnolia Oil & Gas Co. has a twelve month low of $19.09 and a twelve month 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 stock has a market capitalization of $4.27 billion, a P/E ratio of 11.38, a P/E/G ratio of 3.01 and a beta of 1.25. The stock's fifty day moving average price is $22.38 and its two-hundred day moving average price is $24.16.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. The company had revenue of $350.30 million during 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% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. Research analysts forecast that Magnolia Oil & Gas Co. will post 2.1 earnings per share 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 dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Monday, May 12th. Magnolia Oil & Gas's dividend payout ratio (DPR) is currently 29.85%.

Insider Buying and Selling at Magnolia Oil & Gas

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros acquired 2,500 shares of Magnolia Oil & Gas stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average price of $22.05 per share, with a total value of $55,125.00. Following the purchase, the chief executive officer now owns 892,372 shares in the company, valued at approximately $19,676,802.60. This trade represents a 0.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MGY shares. Susquehanna lowered their price target on shares of Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group downgraded shares of Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $27.00 to $26.00 in a research note on Friday, January 31st. Piper Sandler reduced their price objective on shares of Magnolia Oil & Gas from $26.00 to $25.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Johnson Rice downgraded shares of Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Truist Financial upped their price objective on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Magnolia Oil & Gas currently has an average rating of "Hold" and a consensus price target of $27.21.

Magnolia Oil & Gas Company 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.