Magnolia Oil & Gas Co. (NYSE:MGY) Shares Purchased by Boston Trust Walden Corp

Boston Trust Walden Corp increased its stake in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,090,587 shares of the company's stock after purchasing an additional 267,461 shares during the period. Boston Trust Walden Corp owned approximately 1.57% of Magnolia Oil & Gas worth $72,258,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in shares of Magnolia Oil & Gas by 1.8% during the second quarter. Bank of Montreal Can now owns 36,716 shares of the company's stock worth $931,000 after buying an additional 640 shares during the period. AQR Capital Management LLC lifted its stake in Magnolia Oil & Gas by 25.8% in the 2nd quarter. AQR Capital Management LLC now owns 20,832 shares of the company's stock valued at $528,000 after acquiring an additional 4,276 shares in the last quarter. Algert Global LLC acquired a new position in Magnolia Oil & Gas during the 2nd quarter worth approximately $442,000. Creative Planning grew its stake in shares of Magnolia Oil & Gas by 21.3% during the 2nd quarter. Creative Planning now owns 63,589 shares of the company's stock worth $1,611,000 after acquiring an additional 11,160 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Magnolia Oil & Gas in the second quarter valued at approximately $428,000. Institutional investors own 94.73% of the company's stock.

Magnolia Oil & Gas Trading Down 3.2 %

Shares of Magnolia Oil & Gas stock traded down $0.76 during trading on Thursday, reaching $22.98. 1,659,271 shares of the stock were exchanged, compared to its average volume of 1,834,120. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 2.98 and a beta of 1.98. Magnolia Oil & Gas Co. has a 1 year low of $20.08 and a 1 year high of $29.02. The stock's fifty day moving average is $24.91 and its 200 day moving average is $25.40. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.20.

Magnolia Oil & Gas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Magnolia Oil & Gas's previous quarterly dividend of $0.13. Magnolia Oil & Gas's dividend payout ratio is currently 25.74%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Mizuho increased their target price on shares of Magnolia Oil & Gas from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. Siebert Williams Shank downgraded shares of Magnolia Oil & Gas from a "buy" rating to a "hold" rating and set a $30.00 price objective for the company. in a research note on Tuesday, October 15th. Truist Financial lifted their target price on Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Benchmark restated a "hold" rating on shares of Magnolia Oil & Gas in a research note on Tuesday, October 15th. Finally, Johnson Rice cut Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $27.58.

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.