Dan Smith Sells 18,000 Shares of Magnolia Oil & Gas (NYSE:MGY) Stock

Magnolia Oil & Gas Corp (NYSE:MGY) Director Dan Smith sold 18,000 shares of Magnolia Oil & Gas stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $29.01, for a total value of $522,180.00. Following the completion of the transaction, the director owned 119,204 shares of the company’s stock, valued at approximately $3,458,108.04. This represents a 13.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Magnolia Oil & Gas Trading Down 0.5%

Shares of NYSE MGY opened at $28.94 on Friday. Magnolia Oil & Gas Corp has a 1-year low of $19.09 and a 1-year high of $29.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.54 and a quick ratio of 1.54. The business’s 50 day moving average is $25.60 and its two-hundred day moving average is $24.02. The stock has a market capitalization of $5.39 billion, a P/E ratio of 16.82 and a beta of 0.89.

Magnolia Oil & Gas (NYSE:MGY) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $317.63 million during the quarter, compared to analyst estimates of $322.18 million. Magnolia Oil & Gas had a return on equity of 16.67% and a net margin of 24.79%.The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS. As a group, research analysts expect that Magnolia Oil & Gas Corp will post 2.1 EPS for the current year.

Magnolia Oil & Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were given a $0.165 dividend. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, February 10th. Magnolia Oil & Gas’s dividend payout ratio is 38.37%.

Wall Street Analysts Forecast Growth

MGY has been the topic of a number of analyst reports. Bank of America upgraded shares of Magnolia Oil & Gas from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $28.00 in a research report on Friday, January 16th. UBS Group raised their target price on shares of Magnolia Oil & Gas from $29.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Susquehanna dropped their price target on shares of Magnolia Oil & Gas from $30.00 to $28.00 and set a “positive” rating for the company in a research note on Monday, January 26th. The Goldman Sachs Group increased their price objective on shares of Magnolia Oil & Gas from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. Finally, Citigroup raised their price objective on shares of Magnolia Oil & Gas from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Magnolia Oil & Gas has an average rating of “Moderate Buy” and a consensus price target of $28.90.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MGY. TD Asset Management Inc increased its stake in Magnolia Oil & Gas by 55.7% in the 3rd quarter. TD Asset Management Inc now owns 4,478,361 shares of the company’s stock worth $106,898,000 after buying an additional 1,601,809 shares during the period. Epoch Investment Partners Inc. boosted its position in Magnolia Oil & Gas by 58.7% in the 3rd quarter. Epoch Investment Partners Inc. now owns 4,138,626 shares of the company’s stock valued at $98,789,000 after buying an additional 1,531,061 shares during the period. American Century Companies Inc. grew its stake in Magnolia Oil & Gas by 12.9% in the 2nd quarter. American Century Companies Inc. now owns 11,861,231 shares of the company’s stock worth $266,641,000 after acquiring an additional 1,358,878 shares in the last quarter. HITE Hedge Asset Management LLC grew its stake in Magnolia Oil & Gas by 661.5% in the 4th quarter. HITE Hedge Asset Management LLC now owns 1,454,388 shares of the company’s stock worth $31,837,000 after acquiring an additional 1,263,407 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Magnolia Oil & Gas by 192.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,401,279 shares of the company’s stock worth $33,449,000 after acquiring an additional 921,970 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Magnolia Oil & Gas News Summary

Here are the key news stories impacting Magnolia Oil & Gas this week:

• Positive Sentiment: Piper Sandler raised its price target to $31 (neutral rating), implying roughly 7% upside from current levels — supports valuation upside. Read More.
• Positive Sentiment: Clear Street (reported via MSN) published a bullish note on MGY, adding third‑party demand-side support for the name. Read More.
• Positive Sentiment: Company raised its quarterly dividend to $0.165 (annualized $0.66, ~2.3% yield) and recently paid it — signals cash-return priority that can support the share price over time. Read More.
• Neutral Sentiment: Latest quarter: EPS $0.37 beat consensus by $0.01 but revenue modestly missed and was down ~2.8% y/y — mixed operational results that provide limited immediate catalyst. Read More.
• Neutral Sentiment: Institutional ownership is very high (~94.7%) and several large funds increased stakes recently — can reduce free float and amplify moves when insiders or analysts act. Read More.
• Negative Sentiment: CEO Christopher G. Stavros sold 119,954 shares at about $29.29 (~$3.51M), trimming his holding ~12% — a large CEO sale can dent investor conviction. Read More.
• Negative Sentiment: EVP Timothy D. Yang sold 150,000 shares at ~ $29.29 (~$4.39M), reducing his stake by ~22% — simultaneous senior‑exec sales amplify concern. Read More.
• Negative Sentiment: CFO Brian Corales sold 33,000 shares (~$961K) and directors Dan F. Smith and Edward P. Djerejian each sold 18,000 shares — multiple insider sales in the same window can pressure sentiment even if for personal reasons. Read More. | Read More. | Read More.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corp (NYSE: MGY) is an independent exploration and production company focused on the acquisition, development and optimization of onshore oil and gas assets in South Texas. Headquartered in Houston, the company concentrates its efforts on the Eagle Ford Shale, where it holds significant working interests in key producing counties.

The company’s core operations center on horizontal drilling and multi-stage completions designed to extract light crude oil, natural gas and natural gas liquids (NGLs).