Magnolia Oil & Gas (MGY) Stock Price, News & Analysis

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magnolia Oil & Gas in the last year. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MGY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MGY, but not buy additional shares or sell existing shares.
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7 brokerages have issued 1 year price objectives for Magnolia Oil & Gas' stock. Their MGY share price targets range from $22.00 to $33.00. On average, they predict the company's share price to reach $27.14 in the next year. This suggests a possible upside of 5.9% from the stock's current price.
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Magnolia Oil & Gas' stock was trading at $21.29 on January 1st, 2024. Since then, MGY shares have increased by 20.3% and is now trading at $25.62.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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Magnolia Oil & Gas will be holding an earnings conference call on Wednesday, May 8th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Magnolia Oil & Gas Co. (NYSE:MGY) posted its quarterly earnings data on Wednesday, February, 14th. The company reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by $0.04. The firm had revenue of $322.63 million for the quarter, compared to analyst estimates of $324.95 million. Magnolia Oil & Gas had a net margin of 31.65% and a trailing twelve-month return on equity of 21.21%.

Magnolia Oil & Gas announced a quarterly dividend on Monday, February 5th. Shareholders of record on Friday, February 16th will be given a dividend of $0.13 per share on Friday, March 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Thursday, February 15th. This is a positive change from the stock's previous quarterly dividend of $0.12.
Read our dividend analysis for MGY.

Magnolia Oil & Gas (NYSE:MGY) pays an annual dividend of $0.52 per share and currently has a dividend yield of 2.01%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGY will have a dividend payout ratio of 22.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGY.

ETFs with the largest weight of Magnolia Oil & Gas (NYSE:MGY) stock in their portfolio include Invesco S&P SmallCap Energy ETF (PSCE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Vest Rising Dividend Achievers Target Income ETF (RDVI), First Trust Natural Gas ETF (FCG), Invesco Dorsey Wright Energy Momentum ETF (PXI), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY) and Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH).

Based on aggregate information from My MarketBeat watchlists, some companies that other Magnolia Oil & Gas investors own include Block (SQ), Wells Fargo & Company (WFC), Enterprise Products Partners (EPD), Energy Transfer (ET), Gilead Sciences (GILD), Occidental Petroleum (OXY), AbbVie (ABBV), AMC Entertainment (AMC), Micron Technology (MU) and

Magnolia Oil & Gas' stock is owned by many different retail and institutional investors. Top institutional shareholders include Wasatch Advisors LP (1.71%), Allspring Global Investments Holdings LLC (1.56%), State of Alaska Department of Revenue (0.06%), Oliver Luxxe Assets LLC (0.02%), Fulton Bank N.A. (0.00%) and Mather Group LLC. (0.00%). Insiders that own company stock include James R Larson, John B Walker, John B Walker, Ltd Enervest and Stephen I Chazen.
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Shares of MGY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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