Boston Trust Walden Corp Raises Stock Position in Magnolia Oil & Gas Co. (NYSE:MGY)

Boston Trust Walden Corp lifted its stake in shares of Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 4.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,823,126 shares of the company's stock after buying an additional 119,582 shares during the quarter. Boston Trust Walden Corp owned about 1.42% of Magnolia Oil & Gas worth $68,941,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its stake in Magnolia Oil & Gas by 6.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,364 shares of the company's stock valued at $351,000 after purchasing an additional 889 shares in the last quarter. Argent Capital Management LLC raised its stake in Magnolia Oil & Gas by 35.0% during the 3rd quarter. Argent Capital Management LLC now owns 39,290 shares of the company's stock worth $959,000 after buying an additional 10,179 shares during the period. Moody Aldrich Partners LLC boosted its holdings in Magnolia Oil & Gas by 15.2% in the third quarter. Moody Aldrich Partners LLC now owns 309,433 shares of the company's stock worth $7,556,000 after acquiring an additional 40,747 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Magnolia Oil & Gas by 1.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,061,846 shares of the company's stock valued at $74,770,000 after acquiring an additional 50,351 shares during the period. Finally, Vest Financial LLC increased its holdings in shares of Magnolia Oil & Gas by 18.1% during the third quarter. Vest Financial LLC now owns 1,094,432 shares of the company's stock valued at $26,726,000 after acquiring an additional 168,003 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Magnolia Oil & Gas Stock Performance

MGY stock traded up $0.15 during mid-day trading on Friday, hitting $26.00. The company had a trading volume of 1,376,839 shares, compared to its average volume of 2,570,386. Magnolia Oil & Gas Co. has a 12 month low of $19.16 and a 12 month high of $27.63. The stock's fifty day moving average price is $25.27 and its two-hundred day moving average price is $25.40. The firm has a market cap of $5.27 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 1.33 and a beta of 1.99. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.28.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.05. The business had revenue of $336.73 million during 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%. On average, analysts forecast that Magnolia Oil & Gas Co. will post 1.98 earnings per share for the current fiscal year.

Magnolia Oil & Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Friday, August 9th. Magnolia Oil & Gas's dividend payout ratio is currently 25.87%.

Insider Buying and Selling at Magnolia Oil & Gas

In other news, Director Ltd. Enervest sold 7,000,000 shares of Magnolia Oil & Gas stock in a transaction dated 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 completion of the transaction, the director now owns 2,099,403 shares in the company, valued at $54,290,561.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on MGY. Bank of America lifted their price target on shares of Magnolia Oil & Gas from $28.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, July 23rd. Siebert Williams Shank cut shares of Magnolia Oil & Gas from a "buy" rating to a "hold" rating and set a $30.00 price target on the stock. in a research report on Tuesday, October 15th. Wolfe Research began coverage on 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. JPMorgan Chase & Co. cut their target price on 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, Wells Fargo & Company cut Magnolia Oil & Gas from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $26.00 to $22.00 in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $27.50.

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.