Magnolia Oil & Gas Co. (NYSE:MGY) Shares Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP increased its holdings in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 33.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,170 shares of the company's stock after acquiring an additional 15,917 shares during the period. Magnolia Oil & Gas comprises about 0.8% of Semanteon Capital Management LP's holdings, making the stock its 9th largest holding. Semanteon Capital Management LP's holdings in Magnolia Oil & Gas were worth $1,477,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MGY. FMR LLC lifted its position in shares of Magnolia Oil & Gas by 174.9% in the third quarter. FMR LLC now owns 34,851 shares of the company's stock worth $851,000 after purchasing an additional 22,171 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Magnolia Oil & Gas in the 3rd quarter worth approximately $353,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Magnolia Oil & Gas by 4.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,076,541 shares of the company's stock valued at $48,550,000 after buying an additional 85,524 shares during the period. Intech Investment Management LLC purchased a new position in shares of Magnolia Oil & Gas during the 3rd quarter valued at $1,252,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Magnolia Oil & Gas in the fourth quarter worth $590,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on MGY shares. Bank of America restated a "neutral" rating and issued a $28.00 target price (down previously from $29.00) on shares of Magnolia Oil & Gas in a research note on Monday, January 13th. Mizuho increased their price objective on Magnolia Oil & Gas from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. JPMorgan Chase & Co. reduced their target price on shares of Magnolia Oil & Gas from $28.00 to $24.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Williams Trading set a $29.00 target price on shares of Magnolia Oil & Gas in a research report on Wednesday, March 5th. Finally, Johnson Rice downgraded shares of Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $27.77.

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Insider Activity at Magnolia Oil & Gas

In other news, CEO Christopher G. Stavros acquired 2,500 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were bought at an average price of $22.05 per share, with a total value of $55,125.00. Following the acquisition, the chief executive officer now owns 892,372 shares of the company's stock, valued at $19,676,802.60. This trade represents a 0.28 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company's stock.

Magnolia Oil & Gas Stock Performance

MGY stock traded up $0.24 during mid-day trading on Tuesday, reaching $25.38. 2,182,594 shares of the stock traded hands, compared to its average volume of 2,166,324. The company has a quick ratio of 1.47, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average of $24.15 and a two-hundred day moving average of $25.03. The firm has a market capitalization of $4.93 billion, a PE ratio of 13.15, a P/E/G ratio of 3.01 and a beta of 1.90. Magnolia Oil & Gas Co. has a 52 week low of $21.63 and a 52 week high of $29.02.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.03. The firm had revenue of $326.61 million for the quarter, compared to analyst estimates of $327.40 million. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. As a group, equities analysts predict that Magnolia Oil & Gas Co. will post 2.1 EPS for the current fiscal year.

Magnolia Oil & Gas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $0.15 per share. The ex-dividend date was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 2.36%. This is a positive change from Magnolia Oil & Gas's previous quarterly dividend of $0.13. Magnolia Oil & Gas's payout ratio is 31.09%.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX.