Magnolia Oil & Gas Co. (NYSE:MGY) Stock Holdings Increased by Jump Financial LLC

Jump Financial LLC boosted its stake in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 115.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 222,860 shares of the company's stock after buying an additional 119,260 shares during the quarter. Jump Financial LLC owned approximately 0.11% of Magnolia Oil & Gas worth $5,210,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. FMR LLC raised its stake in Magnolia Oil & Gas by 174.9% in the 3rd quarter. FMR LLC now owns 34,851 shares of the company's stock valued at $851,000 after purchasing an additional 22,171 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Magnolia Oil & Gas during the 3rd quarter worth about $353,000. MML Investors Services LLC grew its holdings in Magnolia Oil & Gas by 13.0% in the third quarter. MML Investors Services LLC now owns 9,522 shares of the company's stock valued at $233,000 after purchasing an additional 1,096 shares during the period. Barclays PLC raised its stake in Magnolia Oil & Gas by 62.5% during the third quarter. Barclays PLC now owns 1,653,736 shares of the company's stock worth $40,383,000 after purchasing an additional 636,049 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Magnolia Oil & Gas by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,107,769 shares of the company's stock worth $100,332,000 after buying an additional 116,431 shares during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.

Analyst Ratings Changes

MGY has been the subject of a number of analyst reports. Citigroup decreased their price target on 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 started coverage on shares of Magnolia Oil & Gas in a report on Tuesday. They set a "buy" rating and a $26.00 price target for the company. Williams Trading set a $29.00 target price on Magnolia Oil & Gas in a research report on Wednesday, March 5th. Johnson Rice downgraded Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a report on Tuesday, January 28th. Finally, Piper Sandler increased their price target on shares of Magnolia Oil & Gas from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $27.43.

Insider Buying and Selling

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 bought at an average cost of $22.05 per share, for a total transaction of $55,125.00. Following the completion of the acquisition, the chief executive officer now directly owns 892,372 shares in the company, valued at $19,676,802.60. This represents a 0.28 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by corporate insiders.

Magnolia Oil & Gas Stock Performance

Shares of NYSE:MGY traded up $0.64 during trading hours on Tuesday, hitting $20.83. The stock had a trading volume of 378,668 shares, compared to its average volume of 2,282,587. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.42. The stock's fifty day simple moving average is $23.05 and its 200 day simple moving average is $24.66. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 3.01 and a beta of 1.57. Magnolia Oil & Gas Co. has a 1-year low of $19.09 and a 1-year high of $29.02.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Sell-side analysts anticipate that Magnolia Oil & Gas Co. will post 2.1 earnings per share for the current fiscal year.

Magnolia Oil & Gas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.88%. This is an increase from Magnolia Oil & Gas's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, February 14th. Magnolia Oil & Gas's dividend payout ratio is 31.09%.

Magnolia Oil & Gas Profile

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.