HITE Hedge Asset Management LLC Purchases Shares of 190,981 Magnolia Oil & Gas Corp $MGY

HITE Hedge Asset Management LLC acquired a new position in shares of Magnolia Oil & Gas Corp (NYSE:MGY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 190,981 shares of the company’s stock, valued at approximately $4,559,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MGY. American Century Companies Inc. raised its position in shares of Magnolia Oil & Gas by 12.9% in the second quarter. American Century Companies Inc. now owns 11,861,231 shares of the company’s stock valued at $266,641,000 after purchasing an additional 1,358,878 shares during the period. Dimensional Fund Advisors LP grew its stake in Magnolia Oil & Gas by 4.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,369,713 shares of the company’s stock valued at $152,051,000 after buying an additional 283,444 shares during the last quarter. Geode Capital Management LLC grew its stake in Magnolia Oil & Gas by 5.6% in the 2nd quarter. Geode Capital Management LLC now owns 4,531,855 shares of the company’s stock valued at $101,895,000 after buying an additional 238,356 shares during the last quarter. TD Asset Management Inc raised its holdings 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 valued at $106,898,000 after acquiring an additional 1,601,809 shares during the period. Finally, Systematic Financial Management LP raised its holdings in Magnolia Oil & Gas by 0.8% in the 2nd quarter. Systematic Financial Management LP now owns 3,013,800 shares of the company’s stock valued at $67,750,000 after acquiring an additional 24,054 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Dan F. Smith sold 18,000 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $29.01, for a total transaction of $522,180.00. Following the completion of the sale, the director directly owned 119,204 shares in the company, valued at approximately $3,458,108.04. This represents a 13.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian Corales sold 33,000 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $29.12, for a total value of $960,960.00. Following the sale, the chief financial officer directly owned 184,178 shares in the company, valued at approximately $5,363,263.36. This trade represents a 15.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 338,954 shares of company stock worth $9,911,733. 1.20% of the stock is currently owned by insiders.

Magnolia Oil & Gas News Roundup

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.

Magnolia Oil & Gas Price Performance

Shares of Magnolia Oil & Gas stock opened at $28.94 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 16.82 and a beta of 0.89. Magnolia Oil & Gas Corp has a twelve month low of $19.09 and a twelve month high of $29.74. The company has a 50-day simple moving average of $25.60 and a two-hundred day simple moving average of $24.02.

Magnolia Oil & Gas (NYSE:MGY) last announced its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Magnolia Oil & Gas had a net margin of 24.79% and a return on equity of 16.67%. The firm had revenue of $317.63 million for the quarter, compared to analyst estimates of $322.18 million. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. Analysts forecast 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 dividend of $0.165 per share. This is an increase 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 of this dividend was Tuesday, February 10th. Magnolia Oil & Gas’s dividend payout ratio (DPR) is currently 38.37%.

Analyst Upgrades and Downgrades

MGY has been the subject of a number of research analyst reports. Siebert Williams Shank cut Magnolia Oil & Gas from a “buy” rating to a “hold” rating in a report on Friday, March 6th. BMO Capital Markets initiated coverage on Magnolia Oil & Gas in a research note on Friday, January 9th. They set an “outperform” rating and a $27.00 target price on the stock. Piper Sandler increased their target price on Magnolia Oil & Gas from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday. Susquehanna reduced their price target on 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. Finally, KeyCorp upped their price objective on Magnolia Oil & Gas from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.90.

Magnolia Oil & Gas Profile

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).