Magnolia Oil & Gas Co. (NYSE:MGY) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its position in Magnolia Oil & Gas Co. (NYSE:MGY) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 800,506 shares of the company’s stock after selling 56,654 shares during the period. Sei Investments Co. owned approximately 0.41% of Magnolia Oil & Gas worth $18,716,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MGY. Semanteon Capital Management LP boosted its holdings in shares of Magnolia Oil & Gas by 33.7% in the 4th quarter. Semanteon Capital Management LP now owns 63,170 shares of the company’s stock valued at $1,477,000 after acquiring an additional 15,917 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Magnolia Oil & Gas by 1.4% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,783 shares of the company’s stock valued at $954,000 after purchasing an additional 564 shares during the period. Magnetar Financial LLC boosted its holdings in Magnolia Oil & Gas by 857.5% in the fourth quarter. Magnetar Financial LLC now owns 184,323 shares of the company’s stock valued at $4,309,000 after purchasing an additional 165,073 shares during the last quarter. Maryland State Retirement & Pension System grew its position in Magnolia Oil & Gas by 1.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 64,333 shares of the company’s stock worth $1,504,000 after purchasing an additional 793 shares during the period. Finally, Xponance Inc. raised its stake in shares of Magnolia Oil & Gas by 9.1% during the 4th quarter. Xponance Inc. now owns 12,299 shares of the company’s stock valued at $288,000 after buying an additional 1,022 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insider Transactions at Magnolia Oil & Gas

In other news, CEO Christopher G. Stavros purchased 2,500 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of $22.05 per share, for a total transaction of $55,125.00. Following the completion of the purchase, the chief executive officer now directly owns 892,372 shares of the company’s stock, valued at approximately $19,676,802.60. This trade represents a 0.28 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company’s stock.

Magnolia Oil & Gas Trading Down 0.9 %

Shares of MGY opened at $25.37 on Friday. Magnolia Oil & Gas Co. has a 52-week low of $21.63 and a 52-week high of $29.02. The stock has a market cap of $4.93 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 3.01 and a beta of 1.90. The firm’s fifty day moving average is $24.10 and its two-hundred day moving average is $25.05. The company has a quick ratio of 1.47, a current ratio of 1.42 and a debt-to-equity ratio of 0.20.

Magnolia Oil & Gas (NYSE:MGY) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The company had revenue of $326.61 million during the quarter, compared to the consensus estimate of $327.40 million. Magnolia Oil & Gas had a net margin of 27.82% and a return on equity of 20.74%. Research analysts forecast that Magnolia Oil & Gas Co. will post 2.1 earnings per share for the current fiscal year.

Magnolia Oil & Gas Increases Dividend

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

Analysts Set New Price Targets

Several research firms recently commented on MGY. JPMorgan Chase & Co. dropped their target price on Magnolia Oil & Gas from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Truist Financial lifted their target price on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a “buy” rating in a report on Monday, January 13th. Mizuho boosted their target price on shares of Magnolia Oil & Gas from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Piper Sandler raised their price target on shares of Magnolia Oil & Gas from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Williams Trading set a $29.00 price objective on shares of Magnolia Oil & Gas in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.77.

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.