Magnolia Oil & Gas Co. (NYSE:MGY) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,768,047 shares of the company's stock after purchasing an additional 86,166 shares during the period. Dimensional Fund Advisors LP owned approximately 2.43% of Magnolia Oil & Gas worth $111,475,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Magnolia Oil & Gas by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 20,938,200 shares of the company's stock worth $489,535,000 after acquiring an additional 452,836 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Magnolia Oil & Gas by 24.6% in the fourth quarter. First Trust Advisors LP now owns 15,410,496 shares of the company's stock valued at $360,297,000 after purchasing an additional 3,038,709 shares during the period. Wellington Management Group LLP grew its holdings in Magnolia Oil & Gas by 0.5% during the 4th quarter. Wellington Management Group LLP now owns 5,020,646 shares of the company's stock valued at $117,383,000 after purchasing an additional 26,943 shares in the last quarter. Geode Capital Management LLC increased its stake in Magnolia Oil & Gas by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 4,136,456 shares of the company's stock worth $96,733,000 after buying an additional 28,687 shares during the period. Finally, Boston Trust Walden Corp lifted its holdings in Magnolia Oil & Gas by 9.5% in the 4th quarter. Boston Trust Walden Corp now owns 3,090,587 shares of the company's stock worth $72,258,000 after buying an additional 267,461 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MGY has been the topic of several recent analyst reports. Truist Financial boosted their price target on Magnolia Oil & Gas from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Bank of America reiterated a "neutral" rating and set a $28.00 target price (down from $29.00) on shares of Magnolia Oil & Gas in a research note 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. Johnson Rice downgraded shares of Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Citigroup dropped their target price on shares of Magnolia Oil & Gas from $22.00 to $19.00 and set a "sell" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Magnolia Oil & Gas presently has an average rating of "Hold" and a consensus target price of $27.21.

Magnolia Oil & Gas Stock Down 0.7 %

Shares of Magnolia Oil & Gas stock opened at $21.21 on Monday. Magnolia Oil & Gas Co. has a twelve month low of $19.09 and a twelve month high of $29.02. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 3.01 and a beta of 1.57. 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 business's 50 day simple moving average is $22.85 and its 200-day simple moving average is $24.51.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.03. The company had revenue of $326.61 million for 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 research analysts forecast that Magnolia Oil & Gas Co. will post 2.1 earnings per share for the current 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 is a boost from Magnolia Oil & Gas's previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 14th. This represents a $0.60 annualized dividend and a yield of 2.83%. Magnolia Oil & Gas's dividend payout ratio is 31.09%.

Insider Buying and Selling at Magnolia Oil & Gas

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros purchased 2,500 shares of the stock in a transaction dated Monday, March 3rd. The shares were bought at an average cost of $22.05 per share, with a total value of $55,125.00. Following the completion of the acquisition, the chief executive officer now owns 892,372 shares of the company's stock, valued at approximately $19,676,802.60. This trade represents a 0.28 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by company insiders.

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.

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