Vanguard Personalized Indexing Management LLC Invests $255,000 in Magnolia Oil & Gas Co. (NYSE:MGY)

Vanguard Personalized Indexing Management LLC purchased a new stake in Magnolia Oil & Gas Co. (NYSE:MGY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,058 shares of the company’s stock, valued at approximately $255,000.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Magnolia Oil & Gas by 25.1% during the 4th quarter. Principal Financial Group Inc. now owns 64,881 shares of the company’s stock worth $1,381,000 after buying an additional 13,025 shares during the period. TFO Wealth Partners LLC grew its position in shares of Magnolia Oil & Gas by 248,083.3% in the fourth quarter. TFO Wealth Partners LLC now owns 14,891 shares of the company’s stock valued at $317,000 after purchasing an additional 14,885 shares during the period. Rafferty Asset Management LLC increased its stake in shares of Magnolia Oil & Gas by 4.2% during the fourth quarter. Rafferty Asset Management LLC now owns 272,737 shares of the company’s stock worth $5,807,000 after purchasing an additional 10,930 shares in the last quarter. First Trust Advisors LP raised its position in shares of Magnolia Oil & Gas by 20.2% during the 4th quarter. First Trust Advisors LP now owns 10,126,891 shares of the company’s stock worth $215,602,000 after purchasing an additional 1,704,982 shares during the last quarter. Finally, Pinebridge Investments L.P. lifted its stake in Magnolia Oil & Gas by 69.9% in the 4th quarter. Pinebridge Investments L.P. now owns 37,064 shares of the company’s stock valued at $789,000 after buying an additional 15,252 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Magnolia Oil & Gas Stock Up 2.4 %

MGY stock opened at $24.27 on Monday. The firm’s 50 day moving average price is $24.94 and its 200-day moving average price is $25.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $4.83 billion, a PE ratio of 12.07, a PEG ratio of 1.27 and a beta of 2.00. Magnolia Oil & Gas Co. has a one year low of $19.16 and a one year high of $27.63.

Magnolia Oil & Gas (NYSE:MGY) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.56 earnings per share 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 business had revenue of $336.73 million during the quarter, compared to analysts’ expectations of $340.72 million. On average, equities research analysts anticipate that Magnolia Oil & Gas Co. will post 2.04 EPS for the current year.

Magnolia Oil & Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Friday, August 9th. Magnolia Oil & Gas’s dividend payout ratio (DPR) is 25.87%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MGY. Benchmark reissued a “hold” rating on shares of Magnolia Oil & Gas in a report on Thursday, July 18th. Wolfe Research began coverage on Magnolia Oil & Gas in a report on Thursday, July 18th. They issued an “outperform” rating and a $32.00 price objective on the stock. JPMorgan Chase & Co. dropped their target price on shares of Magnolia Oil & Gas from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Susquehanna decreased their price target on shares of Magnolia Oil & Gas from $33.00 to $32.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. Finally, Piper Sandler dropped their price objective on shares of Magnolia Oil & Gas from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $28.00.

Insider Buying and Selling

In other Magnolia Oil & Gas news, Director Ltd. Enervest sold 7,000,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $25.86, for a total value of $181,020,000.00. Following the sale, the director now owns 2,099,403 shares of the company’s stock, valued at $54,290,561.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

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.