Thompson Siegel & Walmsley LLC Has $264,000 Position in Magnolia Oil & Gas Co. (NYSE:MGY)

Thompson Siegel & Walmsley LLC reduced its stake in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 93.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,420 shares of the company's stock after selling 152,976 shares during the period. Thompson Siegel & Walmsley LLC's holdings in Magnolia Oil & Gas were worth $264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MGY. Massmutual Trust Co. FSB ADV raised its position in Magnolia Oil & Gas by 1,753.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,038 shares of the company's stock valued at $26,000 after acquiring an additional 982 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Magnolia Oil & Gas in the 2nd quarter valued at $26,000. Mather Group LLC. bought a new stake in Magnolia Oil & Gas in the first quarter worth $27,000. GAMMA Investing LLC increased its position in Magnolia Oil & Gas by 184.4% during the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock worth $41,000 after buying an additional 1,042 shares during the last quarter. Finally, Lindbrook Capital LLC raised its holdings in Magnolia Oil & Gas by 61.5% during the first quarter. Lindbrook Capital LLC now owns 1,647 shares of the company's stock valued at $43,000 after buying an additional 627 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MGY has been the subject of several recent analyst reports. Benchmark reiterated a "hold" rating on shares of Magnolia Oil & Gas in a research note on Thursday, July 18th. Truist Financial upped their target price on Magnolia Oil & Gas from $34.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Mizuho dropped their price target on shares of Magnolia Oil & Gas from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Monday. Wolfe Research started coverage on shares of Magnolia Oil & Gas in a research note on Thursday, July 18th. They issued an "outperform" rating and a $32.00 price objective for the company. Finally, Wells Fargo & Company lowered their target price on shares of Magnolia Oil & Gas from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $28.00.

Magnolia Oil & Gas Stock Performance

NYSE MGY traded up $0.62 during midday trading on Tuesday, hitting $24.83. The company had a trading volume of 1,711,247 shares, compared to its average volume of 2,610,287. The firm has a fifty day simple moving average of $25.19 and a two-hundred day simple moving average of $25.22. Magnolia Oil & Gas Co. has a fifty-two week low of $19.16 and a fifty-two week high of $27.63. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 1.12 and a beta of 2.00.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.05. Magnolia Oil & Gas had a return on equity of 21.18% and a net margin of 29.44%. The business had revenue of $336.73 million for the quarter, compared to the consensus estimate of $340.72 million. Equities analysts forecast that Magnolia Oil & Gas Co. will post 2.13 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 Tuesday, September 3rd. Stockholders of record on Friday, August 9th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, August 9th. Magnolia Oil & Gas's dividend payout ratio is presently 25.87%.

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.