Barrow Hanley Mewhinney & Strauss LLC Sells 25,877 Shares of Magnolia Oil & Gas Co. (NYSE:MGY)

Barrow Hanley Mewhinney & Strauss LLC decreased its stake in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 618,131 shares of the company's stock after selling 25,877 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 0.31% of Magnolia Oil & Gas worth $14,452,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Mather Group LLC. increased its stake in Magnolia Oil & Gas by 100.0% in the 4th 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 increased its position in shares of Magnolia Oil & Gas by 112.3% during the fourth 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 last quarter. R Squared Ltd bought a new stake in Magnolia Oil & Gas during the fourth quarter worth $43,000. Avior Wealth Management LLC boosted its position in 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 last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Magnolia Oil & Gas by 95.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,777 shares of the company's stock worth $88,000 after purchasing an additional 1,844 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

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Insider Buying and Selling

In related news, CEO Christopher G. Stavros bought 2,500 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $22.05 per share, with a total value of $55,125.00. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MGY shares. Johnson Rice cut Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Piper Sandler boosted their target price on shares of Magnolia Oil & Gas from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Mizuho increased their target price on shares of Magnolia Oil & Gas from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. JPMorgan Chase & Co. lowered their price target on shares of Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Finally, Williams Trading set a $29.00 price objective on Magnolia Oil & Gas in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $27.77.

Magnolia Oil & Gas Price Performance

NYSE MGY traded up $0.23 during trading hours on Wednesday, hitting $25.74. The company had a trading volume of 1,762,209 shares, compared to its average volume of 2,238,719. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.42. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 3.01 and a beta of 1.90. Magnolia Oil & Gas Co. has a 52 week low of $21.63 and a 52 week high of $29.02. The firm has a 50 day simple moving average of $24.04 and a 200 day simple moving average of $25.11.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. The company had revenue of $326.61 million during the quarter, compared to analysts' expectations of $327.40 million. Magnolia Oil & Gas had a net margin of 27.82% and a return on equity of 20.74%. Equities research analysts expect that Magnolia Oil & Gas Co. will post 2.1 earnings per share for the current year.

Magnolia Oil & Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $0.15 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.33%. This is a boost from Magnolia Oil & Gas's previous quarterly dividend of $0.13. Magnolia Oil & Gas's dividend payout ratio is presently 31.09%.

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.