Magnolia Oil & Gas Co. (NYSE:MGY) Holdings Raised by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Magnolia Oil & Gas Co. (NYSE:MGY) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,783 shares of the company’s stock after purchasing an additional 564 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Magnolia Oil & Gas were worth $954,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Magnolia Oil & Gas by 174.9% during 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 during the period. HighTower Advisors LLC acquired a new stake in Magnolia Oil & Gas during the third quarter worth about $353,000. Charles Schwab Investment Management Inc. lifted its holdings in Magnolia Oil & Gas by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,076,541 shares of the company’s stock worth $48,550,000 after acquiring an additional 85,524 shares during the last quarter. Intech Investment Management LLC acquired a new position in Magnolia Oil & Gas in the third quarter valued at approximately $1,252,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Magnolia Oil & Gas in the fourth quarter valued at approximately $590,000. 94.73% of the stock is currently owned by institutional investors.

Magnolia Oil & Gas Stock Up 1.1 %

MGY opened at $25.63 on Thursday. The stock’s fifty day moving average is $24.13 and its 200-day moving average is $25.05. Magnolia Oil & Gas Co. has a one year low of $21.63 and a one year high of $29.02. The company has a market capitalization of $4.98 billion, a PE ratio of 13.28, a P/E/G ratio of 3.01 and a beta of 1.90. 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 (NYSE:MGY) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. Magnolia Oil & Gas had a net margin of 27.82% and a return on equity of 20.74%. The company had revenue of $326.61 million during the quarter, compared to the consensus estimate of $327.40 million. On average, 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 declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.34%. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. Magnolia Oil & Gas’s dividend payout ratio is currently 31.09%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. 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 report on Monday, January 13th. Williams Trading set a $29.00 price target on shares of Magnolia Oil & Gas in a report on Wednesday, March 5th. The Goldman Sachs Group cut shares of Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $27.00 to $26.00 in a report on Friday, January 31st. Johnson Rice lowered shares of Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Truist Financial raised their price target on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Magnolia Oil & Gas has an average rating of “Hold” and an average price target of $27.77.

Insider Transactions at Magnolia Oil & Gas

In related news, CEO Christopher G. Stavros bought 2,500 shares of Magnolia Oil & Gas stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of $22.05 per share, with a total value 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 legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

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.