Roth Mkm restated their neutral rating on shares of Magnolia Oil & Gas (NYSE:MGY – Free Report) in a research report sent to investors on Wednesday morning, MarketBeat.com reports. The brokerage currently has a $32.00 target price on the stock, up from their previous target price of $29.00.
Several other equities research analysts also recently weighed in on MGY. Truist Financial started coverage on Magnolia Oil & Gas in a report on Tuesday, March 24th. They set a “hold” rating and a $33.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Magnolia Oil & Gas in a report on Thursday, January 22nd. KeyCorp raised their price objective on Magnolia Oil & Gas from $30.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Benchmark reissued a “hold” rating on shares of Magnolia Oil & Gas in a report on Wednesday, January 21st. Finally, Citigroup raised their price objective on Magnolia Oil & Gas from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Magnolia Oil & Gas presently has an average rating of “Moderate Buy” and a consensus target price of $30.67.
Get Our Latest Analysis on Magnolia Oil & Gas
Magnolia Oil & Gas Stock Down 6.7%
Magnolia Oil & Gas (NYSE:MGY – Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $317.63 million during the quarter, compared to analysts’ expectations of $322.18 million. Magnolia Oil & Gas had a net margin of 24.79% and a return on equity of 16.67%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. As a group, equities research analysts anticipate that Magnolia Oil & Gas will post 2.1 EPS for the current fiscal year.
Magnolia Oil & Gas Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were issued a $0.165 dividend. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, February 10th. This represents a $0.66 dividend on an annualized basis and a yield of 2.2%. Magnolia Oil & Gas’s dividend payout ratio (DPR) is 38.37%.
Insiders Place Their Bets
In related news, CFO Brian Corales sold 33,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $29.12, for a total value of $960,960.00. Following the completion of the transaction, the chief financial officer owned 184,178 shares in the company, valued at $5,363,263.36. This trade represents a 15.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dan F. Smith sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $29.01, for a total transaction 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 trade represents a 13.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 338,954 shares of company stock worth $9,911,733 over the last quarter. 1.20% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC bought a new position in Magnolia Oil & Gas in the 4th quarter valued at approximately $1,141,000. Rockefeller Capital Management L.P. raised its holdings in Magnolia Oil & Gas by 22.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 7,869 shares of the company’s stock worth $172,000 after purchasing an additional 1,449 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Magnolia Oil & Gas during the 4th quarter worth approximately $260,000. Caitlin John LLC bought a new position in Magnolia Oil & Gas during the 4th quarter worth approximately $329,000. Finally, Empowered Funds LLC raised its holdings in Magnolia Oil & Gas by 111.4% during the 4th quarter. Empowered Funds LLC now owns 146,186 shares of the company’s stock worth $3,200,000 after purchasing an additional 77,025 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.
Key Headlines Impacting Magnolia Oil & Gas
Here are the key news stories impacting Magnolia Oil & Gas this week:
- Positive Sentiment: KeyCorp sharply raised multiple quarterly and full-year EPS forecasts (FY2026 and FY2027) and maintains an “Overweight” rating with a $38 price target — a material upward revision in earnings assumptions that supports higher upside expectations. KeyCorp estimate upgrades
- Positive Sentiment: Zacks added MGY to its Rank #1 (Strong Buy) list — additional third-party buy-side momentum that can attract inflows and retail interest. Zacks Strong Buy list
- Neutral Sentiment: Roth MKM reaffirmed its “Neutral” rating but raised its price target to $32 (from $29), implying modest upside relative to the current quote — a mild vote of confidence but not a bullish re-rating. Roth MKM note
- Neutral Sentiment: A Yahoo Markets piece lays out “2 reasons to like MGY and 1 to stay skeptical” — useful balanced commentary for investors weighing growth/coverage improvements against execution or commodity risks. Yahoo analysis
- Negative Sentiment: Despite the analyst upgrades, the stock is down today — likely reflecting short-term profit-taking, sector or commodity headwinds, or that the market has already priced in much of the analyst optimism. Note: earlier FY results showed a slight revenue miss (quarterly EPS beat by $0.01 but revenue below expectations), which can temper enthusiasm. No link
Magnolia Oil & Gas Company 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).
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