Janus Henderson Group PLC Has $139.90 Million Position in Magnolia Oil & Gas Co. (NYSE:MGY)

Janus Henderson Group PLC lowered its position in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 9.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,728,902 shares of the company's stock after selling 566,538 shares during the quarter. Janus Henderson Group PLC owned 2.91% of Magnolia Oil & Gas worth $139,901,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MGY. American Century Companies Inc. grew its holdings in Magnolia Oil & Gas by 9.9% during the second quarter. American Century Companies Inc. now owns 9,389,368 shares of the company's stock valued at $237,927,000 after purchasing an additional 847,542 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Magnolia Oil & Gas by 16.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,520,725 shares of the company's stock valued at $114,554,000 after buying an additional 627,933 shares during the period. SIR Capital Management L.P. acquired a new position in shares of Magnolia Oil & Gas in the second quarter valued at approximately $15,106,000. Boston Trust Walden Corp boosted its holdings in shares of Magnolia Oil & Gas by 26.7% in the second quarter. Boston Trust Walden Corp now owns 2,703,544 shares of the company's stock valued at $68,508,000 after buying an additional 568,998 shares during the period. Finally, Diamond Hill Capital Management Inc. acquired a new position in shares of Magnolia Oil & Gas in the second quarter valued at approximately $14,201,000. Institutional investors and hedge funds own 94.73% of the company's stock.

Wall Street Analyst Weigh In

MGY has been the subject of several research analyst reports. Siebert Williams Shank cut shares of Magnolia Oil & Gas from a "buy" rating to a "hold" rating and set a $30.00 price target for the company. in a report on Tuesday, October 15th. JPMorgan Chase & Co. reduced their target price on shares of Magnolia Oil & Gas from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, September 12th. Piper Sandler reduced their target price on shares of Magnolia Oil & Gas from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, August 15th. Susquehanna reduced their target price on shares of Magnolia Oil & Gas from $33.00 to $32.00 and set a "positive" rating for the company in a report on Wednesday, September 4th. Finally, Truist Financial upped their price target on shares of Magnolia Oil & Gas from $31.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $27.67.

Magnolia Oil & Gas Stock Performance

Shares of MGY stock traded up $0.11 on Thursday, hitting $26.65. The company's stock had a trading volume of 992,717 shares, compared to its average volume of 2,450,593. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.47. The stock's 50 day moving average is $26.50 and its 200-day moving average is $25.62. Magnolia Oil & Gas Co. has a fifty-two week low of $19.16 and a fifty-two week high of $29.02. The company has a market capitalization of $5.24 billion, a PE ratio of 13.14, a PEG ratio of 1.40 and a beta of 1.99.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. Magnolia Oil & Gas had a net margin of 28.88% and a return on equity of 20.78%. The business had revenue of $333.14 million for the quarter, compared to the consensus estimate of $331.45 million. Equities research analysts expect that Magnolia Oil & Gas Co. will post 1.99 earnings per share for the current fiscal year.

Magnolia Oil & Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, November 8th. This represents a $0.52 dividend on an annualized basis and a yield of 1.95%. Magnolia Oil & Gas's payout ratio is 25.74%.

Insiders Place Their Bets

In other Magnolia Oil & Gas news, Director Ltd. Enervest sold 7,000,000 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $25.86, for a total transaction of $181,020,000.00. Following the sale, the director now directly owns 2,099,403 shares in the company, valued at $54,290,561.58. This represents a 76.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.20% of the company's stock.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation.