Magnolia Oil & Gas Corp (NYSE:MGY) Receives Average Recommendation of “Hold” from Analysts

Magnolia Oil & Gas Corp (NYSE:MGY) has received an average rating of “Hold” from the seventeen ratings firms that are currently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $31.3333.

Several analysts have recently commented on the stock. Truist Financial upped their price objective on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a “hold” rating in a report on Monday, April 27th. Zacks Research downgraded shares of Magnolia Oil & Gas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Citigroup dropped their price objective on shares of Magnolia Oil & Gas from $35.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Piper Sandler lifted their price target on Magnolia Oil & Gas from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Finally, KeyCorp boosted their price target on Magnolia Oil & Gas from $30.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd.

Hedge Funds Weigh In On Magnolia Oil & Gas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MGY. Arrowstreet Capital Limited Partnership boosted its stake in Magnolia Oil & Gas by 790.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,263,808 shares of the company’s stock worth $197,748,000 after buying an additional 5,560,619 shares during the last quarter. TD Asset Management Inc raised its position in Magnolia Oil & Gas by 55.7% in the third quarter. TD Asset Management Inc now owns 4,478,361 shares of the company’s stock valued at $106,898,000 after purchasing an additional 1,601,809 shares during the period. Epoch Investment Partners Inc. increased its position in shares of Magnolia Oil & Gas by 58.7% during the third quarter. Epoch Investment Partners Inc. now owns 4,138,626 shares of the company’s stock valued at $98,789,000 after acquiring an additional 1,531,061 shares during the last quarter. HITE Hedge Asset Management LLC increased its position in shares of Magnolia Oil & Gas by 661.5% during the fourth quarter. HITE Hedge Asset Management LLC now owns 1,454,388 shares of the company’s stock valued at $31,837,000 after acquiring an additional 1,263,407 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Magnolia Oil & Gas by 20.5% during the first quarter. Bank of America Corp DE now owns 3,877,361 shares of the company’s stock valued at $122,408,000 after acquiring an additional 659,012 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Magnolia Oil & Gas Price Performance

Shares of MGY stock opened at $26.87 on Thursday. Magnolia Oil & Gas has a fifty-two week low of $21.07 and a fifty-two week high of $32.76. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 15.62 and a beta of 0.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.10. The stock’s 50-day simple moving average is $28.34 and its 200-day simple moving average is $26.88.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $358.51 million for the quarter, compared to analyst estimates of $349.89 million. Magnolia Oil & Gas had a return on equity of 16.28% and a net margin of 24.40%.The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. As a group, equities analysts forecast that Magnolia Oil & Gas will post 2.83 earnings per share for the current fiscal year.

Magnolia Oil & Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.66 dividend on an annualized basis and a yield of 2.5%. Magnolia Oil & Gas’s payout ratio is presently 38.37%.

Magnolia Oil & Gas News Summary

Here are the key news stories impacting Magnolia Oil & Gas this week:

• Positive Sentiment: Zacks Research lifted Magnolia Oil & Gas’ FY2026 EPS estimate to $2.57 from $2.51 and FY2027 EPS to $2.48 from $2.46, signaling slightly better earnings expectations ahead.
• Positive Sentiment: Near-term estimates were also increased for Q2 2026 ($0.65 vs. $0.64), Q3 2026 ($0.70 vs. $0.67), Q4 2026 ($0.68 vs. $0.67), Q1 2027 ($0.63 vs. $0.61), Q2 2027 ($0.59 vs. $0.58), and Q4 2027 ($0.63 vs. $0.62), which could support sentiment around the stock.
• Neutral Sentiment: Zacks Research reiterated a Hold rating, which tempers the impact of the higher estimates and suggests analysts are not yet turning outright bullish on MGY.
• Neutral Sentiment: Despite the upgrades, Zacks’ forecasts remain below the current consensus full-year EPS estimate of $2.82, indicating expectations still trail broader market projections.
• Negative Sentiment: The latest Q1 2028 EPS estimate was trimmed to $0.54 from $0.56, and FY2028 EPS was cut to $2.19 from $2.25, which may limit enthusiasm for the stock’s longer-term outlook.

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).