Tower Research Capital LLC TRC Decreases Stock Holdings in Magnolia Oil & Gas Co. (NYSE:MGY)

Tower Research Capital LLC TRC trimmed its position in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 79.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,514 shares of the company's stock after selling 21,761 shares during the period. Tower Research Capital LLC TRC's holdings in Magnolia Oil & Gas were worth $129,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. increased its holdings in Magnolia Oil & Gas by 100.0% during the fourth quarter. Mather Group LLC. now owns 1,090 shares of the company's stock valued at $25,000 after buying an additional 545 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Magnolia Oil & Gas by 112.3% during the 4th quarter. Larson Financial Group LLC now owns 1,072 shares of the company's stock valued at $25,000 after acquiring an additional 567 shares during the period. R Squared Ltd purchased a new stake in Magnolia Oil & Gas in the 4th quarter worth approximately $43,000. Avior Wealth Management LLC boosted 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 worth $51,000 after purchasing an additional 506 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Magnolia Oil & Gas by 95.4% during the 4th 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 period. Institutional investors own 94.73% of the company's stock.

Magnolia Oil & Gas Stock Up 1.3 %

Shares of NYSE MGY traded up $0.29 during midday 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 2,310,196. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 1.47. The business's fifty day simple moving average is $22.38 and its two-hundred day simple moving average is $24.18.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. The business had revenue of $350.30 million during the quarter, compared to analysts' expectations of $337.83 million. During the same period in the prior year, the firm posted $0.46 EPS. The business's quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts predict that Magnolia Oil & Gas Co. will post 2.1 EPS for the current year.

Magnolia Oil & Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors 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 yield of 2.73%. The ex-dividend date of this dividend is Monday, May 12th. Magnolia Oil & Gas's dividend payout ratio is currently 29.85%.

Insiders Place Their Bets

In related 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, for a total transaction of $55,125.00. Following the acquisition, the chief executive officer now directly owns 892,372 shares of the company's stock, valued at $19,676,802.60. This trade represents a 0.28 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Truist Financial lifted their price target 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. Williams Trading set a $29.00 target price on Magnolia Oil & Gas in a research report on Wednesday, March 5th. Piper Sandler dropped their price target 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. 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 objective on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $27.21.

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.