195,070 Shares in Magnolia Oil & Gas Co. (NYSE:MGY) Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC bought a new stake in shares of Magnolia Oil & Gas Co. (NYSE:MGY) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 195,070 shares of the company’s stock, valued at approximately $4,561,000. Schonfeld Strategic Advisors LLC owned 0.10% of Magnolia Oil & Gas at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mather Group LLC. boosted its stake in Magnolia Oil & Gas by 100.0% during the 4th quarter. Mather Group LLC. now owns 1,090 shares of the company’s stock valued at $25,000 after purchasing an additional 545 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Magnolia Oil & Gas by 112.3% in the fourth quarter. Larson Financial Group LLC now owns 1,072 shares of the company’s stock valued at $25,000 after buying an additional 567 shares during the period. R Squared Ltd bought a new position in Magnolia Oil & Gas during the fourth quarter valued at about $43,000. Quarry LP grew its holdings in Magnolia Oil & Gas by 1,047.8% during the fourth quarter. Quarry LP now owns 2,135 shares of the company’s stock worth $50,000 after acquiring an additional 1,949 shares during the period. Finally, Avior Wealth Management LLC lifted its holdings in Magnolia Oil & Gas by 30.0% in the 4th quarter. Avior Wealth Management LLC now owns 2,194 shares of the company’s stock valued at $51,000 after acquiring an additional 506 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Magnolia Oil & Gas Stock Up 1.1 %

MGY stock opened at $21.32 on Friday. Magnolia Oil & Gas Co. has a 12-month low of $19.09 and a 12-month high of $29.02. 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 company has a market cap of $4.14 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 3.01 and a beta of 1.57. The company has a 50 day moving average of $22.57 and a two-hundred day moving average of $24.35.

Magnolia Oil & Gas (NYSE:MGY) last issued its earnings results on Wednesday, April 30th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. The company had revenue of $350.30 million for the quarter, compared to analyst estimates of $337.83 million. During the same period in the prior year, the firm posted $0.46 EPS. The business’s revenue was up 9.7% compared to the same quarter last year. On average, equities analysts anticipate that Magnolia Oil & Gas Co. will post 2.1 earnings per share for the current fiscal year.

Magnolia Oil & Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.81%. Magnolia Oil & Gas’s dividend payout ratio is currently 31.09%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MGY. Piper Sandler reduced their target price on shares of Magnolia Oil & Gas from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Citigroup cut their target price on 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. Johnson Rice lowered Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Bank of America reissued a “neutral” rating and issued a $28.00 price target (down previously from $29.00) on shares of Magnolia Oil & Gas in a research note on Monday, January 13th. Finally, Truist Financial raised their target price on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.21.

Insiders Place Their Bets

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

About Magnolia Oil & Gas

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.