Magnolia Oil & Gas Co. (NYSE:MGY) Stock Position Lessened by F M Investments LLC

F M Investments LLC lowered its holdings in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 66.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,069 shares of the company's stock after selling 300,645 shares during the period. F M Investments LLC owned about 0.08% of Magnolia Oil & Gas worth $3,626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. grew its stake in Magnolia Oil & Gas by 100.0% during the fourth 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. Larson Financial Group LLC grew its position in Magnolia Oil & Gas by 112.3% during the 4th quarter. Larson Financial Group LLC now owns 1,072 shares of the company's stock worth $25,000 after acquiring an additional 567 shares during the last quarter. R Squared Ltd acquired a new stake in Magnolia Oil & Gas during the 4th quarter valued at $43,000. Avior Wealth Management LLC raised its position in Magnolia Oil & Gas by 30.0% in the 4th quarter. Avior Wealth Management LLC now owns 2,194 shares of the company's stock valued at $51,000 after purchasing an additional 506 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake 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 in the last quarter. Institutional investors own 94.73% of the company's stock.

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Insider Transactions at Magnolia Oil & Gas

In other news, CEO Christopher G. Stavros bought 2,500 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost 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 in the company, valued at approximately $19,676,802.60. This trade represents a 0.28 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company's stock.

Magnolia Oil & Gas Stock Down 0.5 %

NYSE:MGY traded down $0.11 on Monday, reaching $20.27. 2,152,488 shares of the stock traded hands, compared to its average volume of 2,297,151. The company has a current ratio of 1.42, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 10.50, a PEG 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 company's fifty day simple moving average is $23.38 and its 200 day simple moving average is $24.86.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 20.74% and a net margin of 27.82%. Equities analysts predict that Magnolia Oil & Gas Co. will post 2.1 EPS for the current fiscal year.

Magnolia Oil & Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.15 per share. This is a positive change from Magnolia Oil & Gas's previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.96%. Magnolia Oil & Gas's dividend payout ratio (DPR) is presently 31.09%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MGY shares. Mizuho upped their price objective on Magnolia Oil & Gas from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. Johnson Rice lowered Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Truist Financial upped their target price on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Williams Trading set a $29.00 price target on shares of Magnolia Oil & Gas in a research note on Wednesday, March 5th. Finally, Bank of America restated a "neutral" rating and issued a $28.00 price target (down from $29.00) on shares of Magnolia Oil & Gas in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $27.54.

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.