Tudor Investment Corp ET AL Boosts Stock Position in Magnolia Oil & Gas Co. (NYSE:MGY)

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

A number of other institutional investors have also recently made changes to their positions in MGY. Vanguard Group Inc. raised its position in Magnolia Oil & Gas by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 20,938,200 shares of the company's stock valued at $489,535,000 after purchasing an additional 452,836 shares during the period. First Trust Advisors LP raised its holdings in Magnolia Oil & Gas by 24.6% during the 4th quarter. First Trust Advisors LP now owns 15,410,496 shares of the company's stock valued at $360,297,000 after buying an additional 3,038,709 shares during the period. Wellington Management Group LLP lifted its position in Magnolia Oil & Gas by 0.5% in the fourth quarter. Wellington Management Group LLP now owns 5,020,646 shares of the company's stock worth $117,383,000 after buying an additional 26,943 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Magnolia Oil & Gas by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,768,047 shares of the company's stock worth $111,475,000 after buying an additional 86,166 shares during the period. Finally, Geode Capital Management LLC increased its position in Magnolia Oil & Gas by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 4,136,456 shares of the company's stock valued at $96,733,000 after acquiring an additional 28,687 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

Magnolia Oil & Gas Stock Down 0.5 %

Shares of NYSE MGY traded down $0.10 during midday trading on Wednesday, reaching $20.70. 1,918,104 shares of the company's stock traded hands, compared to its average volume of 2,323,185. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 3.01 and a beta of 1.25. Magnolia Oil & Gas Co. has a one year low of $19.09 and a one year 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's 50 day simple moving average is $22.46 and its 200-day simple moving average is $24.26.

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

Magnolia Oil & Gas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Monday, May 12th. Magnolia Oil & Gas's dividend payout ratio is currently 29.85%.

Insider Activity

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros acquired 2,500 shares of the stock in a transaction dated Monday, March 3rd. The stock was purchased 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 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Bank of America restated a "neutral" rating and issued a $28.00 target price (down previously from $29.00) on shares of Magnolia Oil & Gas in a report on Monday, January 13th. Johnson Rice lowered Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Susquehanna cut their target price on Magnolia Oil & Gas from $31.00 to $30.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Piper Sandler decreased 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. Finally, Williams Trading set a $29.00 price objective on Magnolia Oil & Gas in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Magnolia Oil & Gas currently has a consensus rating of "Hold" and a consensus target price of $27.21.

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.