Piper Sandler Issues Positive Forecast for Magnolia Oil & Gas (NYSE:MGY) Stock Price

Magnolia Oil & Gas (NYSE:MGY) had its price target lifted by Piper Sandler from $28.00 to $31.00 in a research note published on Thursday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Several other equities research analysts also recently issued reports on the company. Mizuho set a $30.00 price target on Magnolia Oil & Gas in a report on Friday, February 6th. Benchmark restated a “hold” rating on shares of Magnolia Oil & Gas in a research note on Wednesday, January 21st. Bank of America upgraded 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 note on Friday, January 16th. UBS Group boosted their target price on shares of Magnolia Oil & Gas from $29.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Finally, Citigroup upped their price target on Magnolia Oil & Gas from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $28.90.

Magnolia Oil & Gas Stock Performance

Shares of Magnolia Oil & Gas stock opened at $28.94 on Thursday. The firm 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 has a one year low of $19.09 and a one year high of $29.74. The business has a 50-day simple moving average of $25.60 and a 200 day simple moving average of $24.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.54 and a quick ratio of 1.54.

Magnolia Oil & Gas (NYSE:MGY) last issued its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Magnolia Oil & Gas had a return on equity of 16.67% and a net margin of 24.79%.The company had revenue of $317.63 million for the quarter, compared to analyst estimates of $322.18 million. During the same period in the prior year, the firm earned $0.44 earnings per share. Magnolia Oil & Gas’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, research analysts anticipate that Magnolia Oil & Gas will post 2.1 earnings per share 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. Stockholders of record on Tuesday, February 10th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, February 10th. This is a positive change from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. Magnolia Oil & Gas’s dividend payout ratio (DPR) is presently 38.37%.

Insiders Place Their Bets

In other news, Director Dan F. Smith sold 18,000 shares of the stock in a transaction that occurred 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 owned 119,204 shares of the company’s stock, valued at approximately $3,458,108.04. This represents a 13.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 shares were sold at an average price of $29.12, for a total transaction of $960,960.00. Following the sale, the chief financial officer directly owned 184,178 shares of the company’s stock, valued at $5,363,263.36. The trade was a 15.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 338,954 shares of company stock valued at $9,911,733 over the last three months. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Magnolia Oil & Gas

Institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. lifted its stake in 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 worth $266,641,000 after acquiring an additional 1,358,878 shares during the period. State Street Corp boosted its stake in Magnolia Oil & Gas by 1.4% during the fourth quarter. State Street Corp now owns 8,800,807 shares of the company’s stock worth $192,650,000 after acquiring an additional 125,707 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Magnolia Oil & Gas by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,634,362 shares of the company’s stock worth $145,230,000 after buying an additional 264,649 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Magnolia Oil & Gas by 26.6% in the fourth quarter. TD Asset Management Inc now owns 5,671,819 shares of the company’s stock worth $124,156,000 after acquiring an additional 1,193,458 shares during the last quarter. Finally, Epoch Investment Partners Inc. grew its position in Magnolia Oil & Gas by 28.8% during the 4th quarter. Epoch Investment Partners Inc. now owns 5,330,064 shares of the company’s stock valued at $116,675,000 after purchasing an additional 1,191,438 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Key Stories Impacting Magnolia Oil & Gas

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 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).