Trexquant Investment LP Sells 121,904 Shares of Magnolia Oil & Gas Co. (NYSE:MGY)

Trexquant Investment LP lessened its stake in Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) by 59.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 84,121 shares of the company's stock after selling 121,904 shares during the period. Trexquant Investment LP's holdings in Magnolia Oil & Gas were worth $1,967,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in Magnolia Oil & Gas in the fourth quarter valued at approximately $161,000. Geode Capital Management LLC boosted its stake in shares of Magnolia Oil & Gas by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 4,136,456 shares of the company's stock valued at $96,733,000 after purchasing an additional 28,687 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Magnolia Oil & Gas by 0.5% in the 4th quarter. Wellington Management Group LLP now owns 5,020,646 shares of the company's stock valued at $117,383,000 after purchasing an additional 26,943 shares during the last quarter. Brandywine Global Investment Management LLC increased its position in shares of Magnolia Oil & Gas by 25.6% during the fourth quarter. Brandywine Global Investment Management LLC now owns 585,752 shares of the company's stock worth $13,695,000 after buying an additional 119,240 shares during the period. Finally, Pictet Asset Management Holding SA raised its stake in Magnolia Oil & Gas by 10.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 25,067 shares of the company's stock worth $586,000 after buying an additional 2,348 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

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Magnolia Oil & Gas Stock Down 0.3 %

Shares of Magnolia Oil & Gas stock traded down $0.05 on Monday, hitting $20.33. The company had a trading volume of 168,465 shares, compared to its average volume of 2,289,556. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 3.01 and a beta of 1.57. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.42. Magnolia Oil & Gas Co. has a 1 year low of $19.09 and a 1 year high of $29.02. The stock has a 50 day moving average of $23.38 and a 200-day moving average of $24.86.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. The business had revenue of $326.61 million for the quarter, compared to analysts' expectations of $327.40 million. As a group, sell-side analysts forecast that Magnolia Oil & Gas Co. will post 2.1 earnings per share for the current year.

Magnolia Oil & Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, February 14th. This is a boost from Magnolia Oil & Gas's previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 2.95%. Magnolia Oil & Gas's payout ratio is 31.09%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citigroup cut their price target on shares of Magnolia Oil & Gas from $22.00 to $19.00 and set a "sell" rating on the stock in a research report on Tuesday, April 8th. Mizuho raised their target price on Magnolia Oil & Gas from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. Bank of America reiterated a "neutral" rating and issued a $28.00 target price (down from $29.00) on shares of Magnolia Oil & Gas in a report on Monday, January 13th. Williams Trading set a $29.00 price target on Magnolia Oil & Gas in a report on Wednesday, March 5th. Finally, The Goldman Sachs Group lowered shares of Magnolia Oil & Gas from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $27.00 to $26.00 in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $27.54.

Insiders Place Their Bets

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros acquired 2,500 shares of the business's stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of $22.05 per share, with a total value of $55,125.00. Following the completion of the transaction, the chief executive officer now owns 892,372 shares in the company, valued at approximately $19,676,802.60. This trade represents a 0.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by insiders.

Magnolia Oil & Gas 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.