First Trust Advisors LP Sells 558,789 Shares of Magnolia Oil & Gas Corp $MGY

First Trust Advisors LP decreased its holdings in shares of Magnolia Oil & Gas Corp (NYSE:MGY) by 26.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,540,551 shares of the company’s stock after selling 558,789 shares during the quarter. First Trust Advisors LP owned 0.82% of Magnolia Oil & Gas worth $36,773,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Magnolia Oil & Gas by 236.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,190 shares of the company’s stock valued at $27,000 after purchasing an additional 836 shares during the last quarter. Mather Group LLC. bought a new position in Magnolia Oil & Gas in the 3rd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its position in Magnolia Oil & Gas by 165.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the company’s stock valued at $31,000 after buying an additional 864 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Magnolia Oil & Gas by 90.5% in the second quarter. Geneos Wealth Management Inc. now owns 2,212 shares of the company’s stock valued at $50,000 after buying an additional 1,051 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Magnolia Oil & Gas by 31.5% during the third quarter. Nisa Investment Advisors LLC now owns 3,003 shares of the company’s stock worth $72,000 after buying an additional 720 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

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

MGY stock opened at $28.94 on Friday. The company has a market capitalization of $5.39 billion, a P/E ratio of 16.82 and a beta of 0.89. The company has a fifty day moving average price of $25.60 and a 200-day moving average price of $24.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.54 and a current ratio of 1.54. Magnolia Oil & Gas Corp has a 52-week low of $19.09 and a 52-week high of $29.74.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $317.63 million for 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%. Magnolia Oil & Gas’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. As a group, equities 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 announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, February 10th. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. Magnolia Oil & Gas’s dividend payout ratio (DPR) is presently 38.37%.

Insider Transactions at Magnolia Oil & Gas

In other news, EVP Timothy D. Yang sold 150,000 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $29.29, for a total value of $4,393,500.00. Following the completion of the sale, the executive vice president owned 526,661 shares of the company’s stock, valued at approximately $15,425,900.69. This represents a 22.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Edward P. Djerejian sold 18,000 shares of Magnolia Oil & Gas stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $28.98, for a total value of $521,640.00. Following the completion of the transaction, the director directly owned 110,425 shares in the company, valued at approximately $3,200,116.50. This represents a 14.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 338,954 shares of company stock worth $9,911,733. 1.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on MGY shares. Bank of America upgraded shares of Magnolia Oil & Gas from a “neutral” rating to a “buy” rating and upped their price target for the stock from $26.00 to $28.00 in a report on Friday, January 16th. Citigroup raised their price objective on Magnolia Oil & Gas from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. KeyCorp boosted their price objective on Magnolia Oil & Gas from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Susquehanna lowered their target price on Magnolia Oil & Gas from $30.00 to $28.00 and set a “positive” rating for the company in a report on Monday, January 26th. Finally, BMO Capital Markets initiated coverage on Magnolia Oil & Gas in a research report on Friday, January 9th. They issued an “outperform” rating and a $27.00 target price for the company. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $28.90.

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).