Epoch Investment Partners Inc. Sells 104,871 Shares of Magnolia Oil & Gas Co. (NYSE:MGY)

Epoch Investment Partners Inc. reduced its position in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,666,151 shares of the company's stock after selling 104,871 shares during the period. Epoch Investment Partners Inc. owned 1.36% of Magnolia Oil & Gas worth $62,335,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. 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. Mather Group LLC. boosted its holdings in shares of Magnolia Oil & Gas by 100.0% in the 4th quarter. Mather Group LLC. now owns 1,090 shares of the company's stock worth $25,000 after buying an additional 545 shares during the last quarter. R Squared Ltd bought a new position in Magnolia Oil & Gas during the fourth quarter valued at about $43,000. Avior Wealth Management LLC increased its holdings in Magnolia Oil & Gas by 30.0% during the fourth quarter. Avior Wealth Management LLC now owns 2,194 shares of the company's stock worth $51,000 after buying an additional 506 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised 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 acquiring an additional 1,844 shares during the period. 94.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Magnolia Oil & Gas

In other news, CEO Christopher G. Stavros bought 2,500 shares of Magnolia Oil & Gas stock in a transaction that occurred on 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 completion of the purchase, the chief executive officer now directly owns 892,372 shares in the company, valued at $19,676,802.60. The trade was a 0.28 % increase in their ownership of the stock. The purchase 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.

Magnolia Oil & Gas Price Performance

Shares of Magnolia Oil & Gas stock traded up $0.66 during trading on Thursday, hitting $21.36. The stock had a trading volume of 2,546,770 shares, compared to its average volume of 2,805,679. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 11.07, a P/E/G ratio of 3.01 and a beta of 1.57. Magnolia Oil & Gas Co. has a 12 month low of $19.09 and a 12 month high of $29.02. The business's 50-day moving average is $22.95 and its 200 day moving average is $24.61. The company has a current ratio of 1.42, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.03. The business had revenue of $326.61 million for the quarter, compared to analyst estimates of $327.40 million. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. As a group, sell-side analysts anticipate that Magnolia Oil & Gas Co. will post 2.1 earnings per share for the current year.

Magnolia Oil & Gas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.15 dividend. This is an increase from Magnolia Oil & Gas's previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Friday, February 14th. Magnolia Oil & Gas's dividend payout ratio (DPR) is currently 31.09%.

Analyst Upgrades and Downgrades

MGY has been the subject of several research analyst reports. Johnson Rice lowered shares of Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Bank of America reissued a "neutral" rating and issued a $28.00 target price (down from $29.00) on shares of Magnolia Oil & Gas in a research report on Monday, January 13th. JPMorgan Chase & Co. dropped their price target on Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Truist Financial lifted their price objective on Magnolia Oil & Gas from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Finally, The Goldman Sachs Group downgraded shares of Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $27.00 to $26.00 in a report on Friday, January 31st. Two research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average 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.