Susquehanna International Group LLP Grows Holdings in Magnolia Oil & Gas Co. (NYSE:MGY)

Susquehanna International Group LLP lifted its stake in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 86.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 150,512 shares of the company's stock after acquiring an additional 69,995 shares during the quarter. Susquehanna International Group LLP owned 0.08% of Magnolia Oil & Gas worth $3,519,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MGY. Mather Group LLC. grew its stake in shares of Magnolia Oil & Gas by 100.0% in the fourth quarter. Mather Group LLC. now owns 1,090 shares of the company's stock worth $25,000 after acquiring an additional 545 shares in the last quarter. Larson Financial Group LLC increased its holdings in Magnolia Oil & Gas by 112.3% during the 4th quarter. Larson Financial Group LLC now owns 1,072 shares of the company's stock worth $25,000 after purchasing an additional 567 shares during the period. R Squared Ltd acquired a new stake in Magnolia Oil & Gas in the 4th quarter valued at about $43,000. Avior Wealth Management LLC raised its position in Magnolia Oil & Gas by 30.0% in the 4th 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 in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Magnolia Oil & Gas by 95.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,777 shares of the company's stock worth $88,000 after buying an additional 1,844 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Magnolia Oil & Gas Trading Down 3.6 %

NYSE:MGY opened at $20.52 on Tuesday. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 3.01 and a beta of 1.25. Magnolia Oil & Gas Co. has a 1 year low of $19.09 and a 1 year high of $29.02. The stock has a fifty day moving average price of $22.51 and a two-hundred day moving average price of $24.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.42.

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

Magnolia Oil & Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.92%. The ex-dividend date is Monday, May 12th. Magnolia Oil & Gas's payout ratio is currently 29.85%.

Analyst Ratings Changes

MGY has been the topic of several analyst reports. Truist Financial raised their target price on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a "buy" rating in a report on Monday, January 13th. Johnson Rice cut shares of Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Williams Trading set a $29.00 target price on Magnolia Oil & Gas in a report on Wednesday, March 5th. UBS Group began coverage on Magnolia Oil & Gas in a report on Tuesday, April 22nd. They set a "buy" rating and a $26.00 price target for the company. Finally, Susquehanna dropped their price objective on Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Magnolia Oil & Gas currently has an average rating of "Hold" and a consensus target price of $27.21.

Insider Buying and Selling

In other news, CEO Christopher G. Stavros purchased 2,500 shares of the business's stock in a transaction dated 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 directly owns 892,372 shares of the company's stock, valued at $19,676,802.60. This represents a 0.28 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by insiders.

About Magnolia Oil & Gas

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.

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