Jane Street Group LLC Has $1.67 Million Position in Magnolia Oil & Gas Co. (NYSE:MGY)

Jane Street Group LLC decreased its holdings in shares of Magnolia Oil & Gas Co. (NYSE:MGY) by 18.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,439 shares of the company’s stock after selling 16,238 shares during the period. Jane Street Group LLC’s holdings in Magnolia Oil & Gas were worth $1,670,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MGY. Larson Financial Group LLC boosted its holdings in Magnolia Oil & Gas by 112.3% in the fourth quarter. Larson Financial Group LLC now owns 1,072 shares of the company’s stock worth $25,000 after acquiring an additional 567 shares in the last quarter. Mather Group LLC. lifted its holdings in Magnolia Oil & Gas by 100.0% during the fourth quarter. Mather Group LLC. now owns 1,090 shares of the company’s stock worth $25,000 after acquiring an additional 545 shares during the period. R Squared Ltd purchased a new stake in Magnolia Oil & Gas in the fourth quarter worth $43,000. Quarry LP increased its position in Magnolia Oil & Gas by 1,047.8% in the fourth quarter. Quarry LP now owns 2,135 shares of the company’s stock worth $50,000 after buying an additional 1,949 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of Magnolia Oil & Gas by 30.0% during the 4th quarter. Avior Wealth Management LLC now owns 2,194 shares of the company’s stock valued at $51,000 after purchasing an additional 506 shares during the period. Institutional investors own 94.73% of the company’s stock.

Magnolia Oil & Gas Price Performance

Shares of MGY opened at $22.64 on Monday. Magnolia Oil & Gas Co. has a 1-year low of $19.09 and a 1-year high of $29.02. 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 market capitalization of $4.36 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 3.01 and a beta of 1.25. The company’s fifty day moving average price is $22.38 and its 200-day moving average price is $24.07.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Magnolia Oil & Gas had a net margin of 27.82% and a return on equity of 20.74%. The business had revenue of $350.30 million during the quarter, compared to the consensus estimate of $337.83 million. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts predict that Magnolia Oil & Gas Co. will post 2.1 EPS for the current year.

Magnolia Oil & Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 2.65%. Magnolia Oil & Gas’s dividend payout ratio (DPR) is 29.85%.

Insider Transactions at Magnolia Oil & Gas

In related news, CEO Christopher G. Stavros purchased 2,500 shares of Magnolia Oil & Gas stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $22.05 per share, with a total value of $55,125.00. Following the completion of the transaction, the chief executive officer now directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MGY. Williams Trading set a $29.00 target price on Magnolia Oil & Gas in a research report on Wednesday, March 5th. Citigroup cut their price target on Magnolia Oil & Gas from $22.00 to $19.00 and set a “sell” rating on the stock in a research note on Tuesday, April 8th. Johnson Rice downgraded Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. decreased their target price on Magnolia Oil & Gas from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Finally, Susquehanna decreased their price target on Magnolia Oil & Gas from $31.00 to $30.00 and set a “positive” rating on the stock in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $27.14.

Magnolia Oil & Gas Company 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.