Moody Aldrich Partners LLC Acquires 40,747 Shares of Magnolia Oil & Gas Co. (NYSE:MGY)

Moody Aldrich Partners LLC lifted its holdings in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 15.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 309,433 shares of the company's stock after buying an additional 40,747 shares during the quarter. Magnolia Oil & Gas comprises 1.4% of Moody Aldrich Partners LLC's portfolio, making the stock its 15th biggest holding. Moody Aldrich Partners LLC owned about 0.16% of Magnolia Oil & Gas worth $7,556,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Magnolia Oil & Gas by 16.6% in the 1st quarter. Vanguard Group Inc. now owns 20,757,369 shares of the company's stock valued at $538,654,000 after buying an additional 2,956,314 shares during the last quarter. American Century Companies Inc. increased its position in Magnolia Oil & Gas by 9.9% in the second quarter. American Century Companies Inc. now owns 9,389,368 shares of the company's stock worth $237,927,000 after purchasing an additional 847,542 shares during the period. Dimensional Fund Advisors LP lifted its position in Magnolia Oil & Gas by 16.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,520,725 shares of the company's stock valued at $114,554,000 after purchasing an additional 627,933 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Magnolia Oil & Gas by 4.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,184,107 shares of the company's stock valued at $82,628,000 after purchasing an additional 142,717 shares during the last quarter. Finally, Boston Trust Walden Corp grew its position in shares of Magnolia Oil & Gas by 26.7% during the 2nd quarter. Boston Trust Walden Corp now owns 2,703,544 shares of the company's stock worth $68,508,000 after buying an additional 568,998 shares during the period. Institutional investors and hedge funds own 94.73% of the company's stock.

Insider Transactions at Magnolia Oil & Gas

In related news, Director Ltd. Enervest sold 7,000,000 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $25.86, for a total transaction of $181,020,000.00. Following the completion of the transaction, the director now owns 2,099,403 shares in the company, valued at approximately $54,290,561.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company's stock.

Magnolia Oil & Gas Stock Up 0.9 %

Shares of NYSE:MGY traded up $0.24 during midday trading on Thursday, reaching $25.84. 1,673,076 shares of the company were exchanged, compared to its average volume of 2,576,180. The firm has a market cap of $5.24 billion, a PE ratio of 12.86, a P/E/G ratio of 1.33 and a beta of 1.99. Magnolia Oil & Gas Co. has a fifty-two week low of $19.16 and a fifty-two week high of $27.63. The stock has a fifty day simple moving average of $25.25 and a two-hundred day simple moving average of $25.41. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.21.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.05. The company had revenue of $336.73 million for the quarter, compared to analyst estimates of $340.72 million. Magnolia Oil & Gas had a return on equity of 21.18% and a net margin of 29.44%. As a group, sell-side analysts forecast that Magnolia Oil & Gas Co. will post 1.98 earnings per share for the current year.

Magnolia Oil & Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders 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 yield of 2.01%. The ex-dividend date was Friday, August 9th. Magnolia Oil & Gas's dividend payout ratio (DPR) is currently 25.87%.

Analysts Set New Price Targets

MGY has been the topic of a number of recent research reports. Benchmark reaffirmed a "hold" rating on shares of Magnolia Oil & Gas in a research note on Tuesday, October 15th. Bank of America upped their price objective on Magnolia Oil & Gas from $28.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, July 23rd. Wells Fargo & Company lowered Magnolia Oil & Gas from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $26.00 to $22.00 in a research report on Tuesday, October 1st. Truist Financial cut their price target on shares of Magnolia Oil & Gas from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Magnolia Oil & Gas from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $27.50.

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.