Stephens Investment Management Group LLC Sells 32,012 Shares of Magnolia Oil & Gas Co. (NYSE:MGY)

Stephens Investment Management Group LLC decreased its position in shares of Magnolia Oil & Gas Co. (NYSE:MGY) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,707,336 shares of the company’s stock after selling 32,012 shares during the quarter. Stephens Investment Management Group LLC owned about 1.38% of Magnolia Oil & Gas worth $63,298,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MGY. Harbor Capital Advisors Inc. bought a new stake in Magnolia Oil & Gas during the 3rd quarter valued at $25,000. First Horizon Advisors Inc. increased its position in shares of Magnolia Oil & Gas by 64.7% during the third quarter. First Horizon Advisors Inc. now owns 1,008 shares of the company’s stock worth $25,000 after acquiring an additional 396 shares in the last quarter. Mather Group LLC. increased its position in shares of 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 in the last quarter. R Squared Ltd acquired a new stake in shares of Magnolia Oil & Gas in the 4th quarter worth about $43,000. Finally, Avior Wealth Management LLC lifted its position in Magnolia Oil & Gas by 30.0% in the 4th quarter. Avior Wealth Management LLC now owns 2,194 shares of the company’s stock valued at $51,000 after acquiring an additional 506 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Piper Sandler increased their price objective on Magnolia Oil & Gas from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Mizuho raised their price objective on Magnolia Oil & Gas from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. The Goldman Sachs Group lowered shares of Magnolia Oil & Gas from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $27.00 to $26.00 in a research note on Friday, January 31st. Johnson Rice lowered shares of Magnolia Oil & Gas from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Truist Financial upped their price objective on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Magnolia Oil & Gas has an average rating of “Hold” and a consensus price target of $27.58.

Magnolia Oil & Gas Price Performance

Magnolia Oil & Gas stock opened at $22.78 on Friday. The business’s 50 day simple moving average is $24.71 and its 200 day simple moving average is $25.36. Magnolia Oil & Gas Co. has a 12 month low of $20.08 and a 12 month high of $29.02. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 2.85 and a beta of 1.98. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20.

Magnolia Oil & Gas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a dividend of $0.15 per share. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.63%. Magnolia Oil & Gas’s dividend payout ratio is presently 25.74%.

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.