Magnolia Oil & Gas Co. (NYSE:MGY) Position Trimmed by XTX Topco Ltd

XTX Topco Ltd trimmed its holdings in shares of Magnolia Oil & Gas Co. (NYSE:MGY) by 19.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,420 shares of the company’s stock after selling 3,269 shares during the period. XTX Topco Ltd’s holdings in Magnolia Oil & Gas were worth $340,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mather Group LLC. acquired a new stake in Magnolia Oil & Gas during the first quarter worth about $27,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of Magnolia Oil & Gas by 1,753.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,038 shares of the company’s stock valued at $26,000 after purchasing an additional 982 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Magnolia Oil & Gas during the 2nd quarter worth approximately $26,000. GAMMA Investing LLC lifted its holdings in shares of Magnolia Oil & Gas by 184.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $41,000 after purchasing an additional 1,042 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its position in Magnolia Oil & Gas by 61.5% during the 1st quarter. Lindbrook Capital LLC now owns 1,647 shares of the company’s stock valued at $43,000 after purchasing an additional 627 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Insider Transactions at Magnolia Oil & Gas

In related news, Director Ltd. Enervest sold 7,000,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $25.86, for a total transaction of $181,020,000.00. Following the completion of the sale, the director now directly owns 2,099,403 shares of the company’s stock, valued at $54,290,561.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MGY shares. Benchmark reaffirmed a “hold” rating on shares of Magnolia Oil & Gas in a research report on Thursday, July 18th. Wolfe Research began coverage on shares of Magnolia Oil & Gas in a report on Thursday, July 18th. They issued an “outperform” rating and a $32.00 price objective on the stock. Capital One Financial assumed coverage on shares of Magnolia Oil & Gas in a research note on Tuesday, June 11th. They set an “overweight” rating and a $28.00 target price for the company. Wells Fargo & Company dropped their price target on shares of Magnolia Oil & Gas from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Finally, Truist Financial boosted their price objective on Magnolia Oil & Gas from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Magnolia Oil & Gas presently has a consensus rating of “Hold” and an average target price of $28.00.

Magnolia Oil & Gas Trading Down 3.7 %

Magnolia Oil & Gas stock opened at $23.70 on Friday. Magnolia Oil & Gas Co. has a 12-month low of $19.16 and a 12-month high of $27.63. The stock has a market capitalization of $4.72 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 1.27 and a beta of 2.00. The firm has a 50 day simple moving average of $24.99 and a 200-day simple moving average of $25.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.28 and a quick ratio of 1.28.

Magnolia Oil & Gas (NYSE:MGY) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. Magnolia Oil & Gas had a return on equity of 21.18% and a net margin of 29.44%. The company had revenue of $336.73 million for the quarter, compared to the consensus estimate of $340.72 million. As a group, equities research analysts expect that Magnolia Oil & Gas Co. will post 2.04 EPS for the current fiscal year.

Magnolia Oil & Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.52 annualized dividend and a dividend yield of 2.19%. Magnolia Oil & Gas’s dividend payout ratio (DPR) is 25.87%.

Magnolia Oil & Gas Profile

Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation.