Gilder Gagnon Howe & Co. LLC Sells 21,943 Shares of Magnolia Oil & Gas Co. (NYSE:MGY)

Gilder Gagnon Howe & Co. LLC lessened its stake in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 851,007 shares of the company's stock after selling 21,943 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 0.43% of Magnolia Oil & Gas worth $19,897,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC raised its holdings in Magnolia Oil & Gas by 112.3% during the fourth quarter. Larson Financial Group LLC now owns 1,072 shares of the company's stock worth $25,000 after purchasing an additional 567 shares during the last quarter. Mather Group LLC. boosted its position in shares of Magnolia Oil & Gas by 100.0% in the fourth quarter. Mather Group LLC. now owns 1,090 shares of the company's stock worth $25,000 after acquiring an additional 545 shares during the last quarter. R Squared Ltd purchased a new position in Magnolia Oil & Gas during the fourth quarter worth approximately $43,000. Avior Wealth Management LLC grew its stake in shares of Magnolia Oil & Gas by 30.0% during the 4th quarter. Avior Wealth Management LLC now owns 2,194 shares of the company's stock valued at $51,000 after buying an additional 506 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in Magnolia Oil & Gas by 95.4% during 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 last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Magnolia Oil & Gas

In other news, CEO Christopher G. Stavros purchased 2,500 shares of the company's 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 purchase, the chief executive officer now owns 892,372 shares in the company, valued at $19,676,802.60. This 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. Insiders own 1.20% of the company's stock.

Magnolia Oil & Gas Trading Down 1.7 %

Shares of NYSE MGY traded down $0.36 during trading on Tuesday, reaching $21.31. The company had a trading volume of 2,090,942 shares, compared to its average volume of 2,306,584. Magnolia Oil & Gas Co. has a 12 month low of $19.09 and a 12 month 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 has a market cap of $4.14 billion, a P/E ratio of 11.04, a PEG ratio of 3.01 and a beta of 1.57. The company's fifty day moving average price is $22.80 and its 200-day moving average price is $24.47.

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

Magnolia Oil & Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.82%. Magnolia Oil & Gas's payout ratio is 31.09%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MGY. JPMorgan Chase & Co. dropped 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 research note on Thursday, March 13th. Citigroup reduced their price target on shares of Magnolia Oil & Gas from $22.00 to $19.00 and set a "sell" rating for the company in a report on Tuesday, April 8th. UBS Group assumed coverage on Magnolia Oil & Gas in a research note on Tuesday, April 22nd. They issued a "buy" rating and a $26.00 price target for the company. Johnson Rice cut shares of Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Piper Sandler decreased their target price on shares of Magnolia Oil & Gas from $26.00 to $25.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target 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.