Quantbot Technologies LP Has $2.91 Million Stake in Magnolia Oil & Gas Co. (NYSE:MGY)

Quantbot Technologies LP grew its position in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 290.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,707 shares of the company's stock after buying an additional 85,328 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of Magnolia Oil & Gas worth $2,907,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MGY. Vanguard Group Inc. grew its stake in shares of Magnolia Oil & Gas by 16.6% during the first quarter. Vanguard Group Inc. now owns 20,757,369 shares of the company's stock valued at $538,654,000 after purchasing an additional 2,956,314 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Magnolia Oil & Gas by 2,799.2% during the first quarter. Principal Financial Group Inc. now owns 1,881,039 shares of the company's stock valued at $48,813,000 after purchasing an additional 1,816,158 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Magnolia Oil & Gas by 20.2% during the fourth quarter. First Trust Advisors LP now owns 10,126,891 shares of the company's stock valued at $215,602,000 after purchasing an additional 1,704,982 shares during the last quarter. Ranger Investment Management L.P. bought a new stake in shares of Magnolia Oil & Gas during the fourth quarter valued at approximately $25,226,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Magnolia Oil & Gas during the first quarter valued at approximately $30,161,000. 94.73% of the stock is owned by institutional investors.

Magnolia Oil & Gas Trading Up 1.5 %

MGY traded up $0.38 during mid-day trading on Wednesday, hitting $25.21. The stock had a trading volume of 2,179,113 shares, compared to its average volume of 2,607,892. The stock's fifty day simple moving average is $25.18 and its 200-day simple moving average is $25.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 1.12 and a beta of 2.00. Magnolia Oil & Gas Co. has a 1-year low of $19.16 and a 1-year high of $27.63.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.05. Magnolia Oil & Gas had a net margin of 29.44% and a return on equity of 21.18%. The company had revenue of $336.73 million for the quarter, compared to analyst estimates of $340.72 million. As a group, research analysts forecast that Magnolia Oil & Gas Co. will post 2.13 EPS for the current fiscal year.

Magnolia Oil & Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, August 9th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.06%. Magnolia Oil & Gas's payout ratio is 25.87%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Mizuho decreased 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 note on Monday. Bank of America raised their price objective on shares of Magnolia Oil & Gas from $28.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, July 23rd. Susquehanna reduced their price objective on shares of Magnolia Oil & Gas from $33.00 to $32.00 and set a "positive" rating on the stock in a research note on Wednesday, September 4th. Wolfe Research initiated 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 on the stock. Finally, Capital One Financial initiated coverage on shares of Magnolia Oil & Gas in a research note on Tuesday, June 11th. They issued an "overweight" rating and a $28.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Magnolia Oil & Gas has an average rating of "Hold" and an average target price of $28.00.

Magnolia Oil & Gas Company Profile

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.