AQR Capital Management LLC Has $528,000 Stock Position in Magnolia Oil & Gas Co. (NYSE:MGY)

AQR Capital Management LLC boosted its position in shares of Magnolia Oil & Gas Co. (NYSE:MGY) by 25.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,832 shares of the company’s stock after purchasing an additional 4,276 shares during the period. AQR Capital Management LLC’s holdings in Magnolia Oil & Gas were worth $528,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Squarepoint Ops LLC raised its holdings in Magnolia Oil & Gas by 60.9% during the second quarter. Squarepoint Ops LLC now owns 139,639 shares of the company’s stock valued at $3,538,000 after buying an additional 52,829 shares in the last quarter. Marshall Wace LLP raised its holdings in Magnolia Oil & Gas by 1,556.3% during the second quarter. Marshall Wace LLP now owns 389,235 shares of the company’s stock valued at $9,863,000 after buying an additional 365,735 shares in the last quarter. Bank of Montreal Can raised its holdings in Magnolia Oil & Gas by 1.8% during the second quarter. Bank of Montreal Can now owns 36,716 shares of the company’s stock valued at $931,000 after buying an additional 640 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in Magnolia Oil & Gas by 4.8% during the second quarter. Public Sector Pension Investment Board now owns 398,054 shares of the company’s stock valued at $10,087,000 after buying an additional 18,404 shares in the last quarter. Finally, DRW Securities LLC bought a new position in Magnolia Oil & Gas during the second quarter valued at about $1,389,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insider Buying and Selling

In other Magnolia Oil & Gas news, Director Ltd. Enervest sold 7,000,000 shares of Magnolia Oil & Gas stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $25.86, for a total value 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 approximately $54,290,561.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wells Fargo & Company lowered Magnolia Oil & Gas from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $26.00 to $22.00 in a research note on Tuesday, October 1st. Piper Sandler lowered their price target on Magnolia Oil & Gas from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Bank of America lifted their price objective on Magnolia Oil & Gas from $28.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Benchmark reaffirmed a “hold” rating on shares of Magnolia Oil & Gas in a report on Thursday, July 18th. Finally, Susquehanna decreased their price objective on Magnolia Oil & Gas from $33.00 to $32.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $27.27.

Magnolia Oil & Gas Stock Down 1.1 %

Shares of MGY opened at $26.75 on Tuesday. Magnolia Oil & Gas Co. has a 12 month low of $19.16 and a 12 month high of $27.63. The firm’s 50 day moving average is $24.94 and its 200-day moving average is $25.41. The stock has a market capitalization of $5.42 billion, a PE ratio of 13.30, a P/E/G ratio of 1.35 and a beta of 1.99. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21.

Magnolia Oil & Gas (NYSE:MGY) last issued its earnings results on Wednesday, July 31st. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. Magnolia Oil & Gas had a net margin of 29.44% and a return on equity of 21.18%. The firm had revenue of $336.73 million for the quarter, compared to analyst estimates of $340.72 million. Equities research analysts forecast that Magnolia Oil & Gas Co. will post 1.99 EPS for the current year.

Magnolia Oil & Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Friday, August 9th. Magnolia Oil & Gas’s dividend payout ratio is presently 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.