Magnolia Oil & Gas Co. (NYSE:MGY) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP raised its stake in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 101.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 230,601 shares of the company's stock after acquiring an additional 115,894 shares during the period. Quantbot Technologies LP owned approximately 0.12% of Magnolia Oil & Gas worth $5,631,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Quadrature Capital Ltd bought a new position in shares of Magnolia Oil & Gas during the 1st quarter valued at approximately $307,000. BOKF NA bought a new stake in Magnolia Oil & Gas during the first quarter worth approximately $269,000. Price T Rowe Associates Inc. MD raised its position in Magnolia Oil & Gas by 0.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 594,173 shares of the company's stock valued at $15,419,000 after purchasing an additional 1,624 shares during the period. Tidal Investments LLC purchased a new stake in Magnolia Oil & Gas during the first quarter valued at approximately $566,000. Finally, Comerica Bank lifted its stake in shares of Magnolia Oil & Gas by 38.8% in the 1st quarter. Comerica Bank now owns 172,569 shares of the company's stock valued at $4,478,000 after purchasing an additional 48,228 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Magnolia Oil & Gas Trading Down 1.0 %

MGY traded down $0.27 during trading on Wednesday, hitting $27.68. 1,427,130 shares of the stock were exchanged, compared to its average volume of 2,471,736. Magnolia Oil & Gas Co. has a 1 year low of $19.16 and a 1 year high of $29.02. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 1.43 and a beta of 1.99. The firm has a 50 day simple moving average of $26.28 and a 200 day simple moving average of $25.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.47.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.52 earnings per share (EPS) for the quarter, topping 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 company had revenue of $333.14 million for the quarter, compared to analysts' expectations of $331.45 million. As a group, equities analysts expect that Magnolia Oil & Gas Co. will post 1.99 EPS for the current year.

Magnolia Oil & Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 8th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Friday, November 8th. Magnolia Oil & Gas's dividend payout ratio (DPR) is 25.74%.

Insiders Place Their Bets

In other news, Director Ltd. Enervest sold 7,000,000 shares of Magnolia Oil & Gas stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $25.86, for a total value of $181,020,000.00. Following the transaction, the director now owns 2,099,403 shares of the company's stock, valued at $54,290,561.58. The trade was a 76.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

MGY has been the topic of several recent research reports. Susquehanna decreased their price target on Magnolia Oil & Gas from $33.00 to $32.00 and set a "positive" rating on the stock in a report on Wednesday, September 4th. Truist Financial increased their target price on shares of Magnolia Oil & Gas from $31.00 to $33.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Benchmark reaffirmed a "hold" rating on shares of Magnolia Oil & Gas in a research note on Tuesday, October 15th. JPMorgan Chase & Co. reduced their price objective on shares of Magnolia Oil & Gas from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, September 12th. Finally, Siebert Williams Shank downgraded shares of Magnolia Oil & Gas from a "buy" rating to a "hold" rating and set a $30.00 price objective for the company. in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $27.67.

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.