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

Teza Capital Management LLC lessened its position in Magnolia Oil & Gas Co. (NYSE:MGY) by 33.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,910 shares of the company’s stock after selling 37,926 shares during the period. Teza Capital Management LLC’s holdings in Magnolia Oil & Gas were worth $1,751,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC raised its position in shares of Magnolia Oil & Gas by 112.3% in the fourth quarter. Larson Financial Group LLC now owns 1,072 shares of the company’s stock valued at $25,000 after buying an additional 567 shares during the last quarter. Mather Group LLC. grew its holdings in Magnolia Oil & Gas by 100.0% in the fourth quarter. Mather Group LLC. now owns 1,090 shares of the company’s stock valued at $25,000 after purchasing an additional 545 shares during the period. R Squared Ltd purchased a new stake in Magnolia Oil & Gas in the fourth quarter valued at approximately $43,000. Quarry LP grew its holdings in Magnolia Oil & Gas by 1,047.8% in the fourth quarter. Quarry LP now owns 2,135 shares of the company’s stock valued at $50,000 after purchasing an additional 1,949 shares during the period. Finally, Avior Wealth Management LLC grew its holdings in Magnolia Oil & Gas by 30.0% in the fourth 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 and hedge funds own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MGY. Johnson Rice downgraded shares of Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 28th. Piper Sandler lowered their target price on shares of Magnolia Oil & Gas from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. The Goldman Sachs Group downgraded shares of Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $27.00 to $26.00 in a research note on Friday, January 31st. Citigroup decreased their price objective on shares of Magnolia Oil & Gas from $22.00 to $19.00 and set a “sell” rating for the company in a research note on Tuesday, April 8th. Finally, UBS Group began coverage on shares of Magnolia Oil & Gas in a research note on Tuesday, April 22nd. They set a “buy” rating and a $26.00 price objective for the company. Two investment 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, the stock presently has an average rating of “Hold” and an average target price of $27.14.

Magnolia Oil & Gas Trading Down 0.6%

MGY opened at $22.64 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 1.47. Magnolia Oil & Gas Co. has a 12-month low of $19.09 and a 12-month high of $29.02. The firm’s fifty day moving average price is $22.38 and its 200 day moving average price is $24.08. The stock has a market capitalization of $4.36 billion, a PE ratio of 11.73, a P/E/G ratio of 3.01 and a beta of 1.25.

Magnolia Oil & Gas (NYSE:MGY) last released 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 for the quarter, compared to analysts’ expectations of $337.83 million. During the same quarter last year, the company earned $0.46 EPS. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, research analysts expect that Magnolia Oil & Gas Co. will post 2.1 EPS for the current fiscal year.

Magnolia Oil & Gas Announces Dividend

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

Insider Buying and Selling

In related news, CEO Christopher G. Stavros bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average price of $22.05 per share, for a total transaction of $55,125.00. Following the transaction, the chief executive officer now directly owns 892,372 shares of the company’s stock, valued at approximately $19,676,802.60. This represents a 0.28% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

About Magnolia Oil & Gas

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.