Magnolia Oil & Gas Co. (NYSE:MGY) Shares Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC decreased its stake in Magnolia Oil & Gas Co. (NYSE:MGY) by 14.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,350 shares of the company’s stock after selling 931 shares during the quarter. Quadrant Capital Group LLC’s holdings in Magnolia Oil & Gas were worth $125,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds 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 acquiring an additional 22,171 shares in the last quarter. HighTower Advisors LLC acquired a new position in Magnolia Oil & Gas during the 3rd quarter worth $353,000. Charles Schwab Investment Management Inc. boosted its stake in 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 purchasing an additional 85,524 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Magnolia Oil & Gas during the 4th quarter valued at $590,000. Finally, Proficio Capital Partners LLC acquired a new position in Magnolia Oil & Gas in the 4th quarter valued at approximately $292,000. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Magnolia Oil & Gas

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of $22.05 per share, for a total transaction of $55,125.00. Following the purchase, the chief executive officer now owns 892,372 shares in the company, valued at approximately $19,676,802.60. The trade was 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 owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup lowered their price objective on Magnolia Oil & Gas from $22.00 to $19.00 and set a “sell” rating on the stock in a research note on Tuesday. The Goldman Sachs Group cut Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and decreased their price target for the company from $27.00 to $26.00 in a report on Friday, January 31st. Johnson Rice downgraded Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Bank of America reissued a “neutral” rating and set a $28.00 price objective (down previously from $29.00) on shares of Magnolia Oil & Gas in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. decreased their target price on 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.54.

Magnolia Oil & Gas Trading Up 13.4 %

Magnolia Oil & Gas stock opened at $22.23 on Thursday. Magnolia Oil & Gas Co. has a one year low of $19.09 and a one year high of $29.02. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 11.52, 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 current ratio of 1.42 and a quick ratio of 1.47. The firm has a 50-day moving average of $23.53 and a 200-day moving average of $24.92.

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

Magnolia Oil & Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Friday, February 14th. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. Magnolia Oil & Gas’s dividend payout ratio (DPR) is 31.09%.

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.