Magnolia Oil & Gas Co. (NYSE:MGY) Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL grew its position in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 37.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 103,098 shares of the company's stock after acquiring an additional 28,206 shares during the quarter. Tudor Investment Corp ET AL owned about 0.05% of Magnolia Oil & Gas worth $2,410,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP lifted its holdings in Magnolia Oil & Gas by 24.6% in the 4th quarter. First Trust Advisors LP now owns 15,410,496 shares of the company's stock valued at $360,297,000 after purchasing an additional 3,038,709 shares in the last quarter. Barclays PLC lifted its stake in shares of Magnolia Oil & Gas by 62.5% in the third quarter. Barclays PLC now owns 1,653,736 shares of the company's stock worth $40,383,000 after buying an additional 636,049 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Magnolia Oil & Gas during the fourth quarter worth about $13,634,000. Renaissance Technologies LLC boosted its position in Magnolia Oil & Gas by 910.5% during the fourth quarter. Renaissance Technologies LLC now owns 541,400 shares of the company's stock worth $12,658,000 after acquiring an additional 487,820 shares during the last quarter. Finally, Wasatch Advisors LP grew its stake in Magnolia Oil & Gas by 21.2% during the 4th quarter. Wasatch Advisors LP now owns 2,773,828 shares of the company's stock valued at $64,852,000 after acquiring an additional 484,683 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MGY. Truist Financial boosted their target price on Magnolia Oil & Gas from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Williams Trading set a $29.00 price target on Magnolia Oil & Gas in a report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their price objective on shares of Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Bank of America reiterated a "neutral" rating and issued a $28.00 target price (down from $29.00) on shares of Magnolia Oil & Gas in a report on Monday, January 13th. Finally, Susquehanna cut their price target on shares of Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $27.21.

Insider Activity at Magnolia Oil & Gas

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros bought 2,500 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price of $22.05 per share, with a total value of $55,125.00. Following the transaction, the chief executive officer now 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 filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by corporate insiders.

Magnolia Oil & Gas Stock Up 0.7 %

Magnolia Oil & Gas stock traded up $0.16 during mid-day trading on Friday, reaching $21.84. 659,202 shares of the company's stock were exchanged, compared to its average volume of 2,305,975. The company has a quick ratio of 1.47, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. Magnolia Oil & Gas Co. has a twelve month low of $19.09 and a twelve month high of $29.02. The company has a market cap of $4.24 billion, a P/E ratio of 11.32, a P/E/G ratio of 3.01 and a beta of 1.25. The company has a fifty day moving average of $22.39 and a 200-day moving average of $24.21.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released 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. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. The firm had revenue of $350.30 million during the quarter, compared to analyst estimates of $337.83 million. During the same period last year, the business posted $0.46 earnings per share. Magnolia Oil & Gas's revenue was up 9.7% compared to the same quarter last year. Sell-side analysts expect that Magnolia Oil & Gas Co. will post 2.1 EPS for the current year.

Magnolia Oil & Gas Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.75%. Magnolia Oil & Gas's payout ratio is 29.85%.

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.