Zacks Research Analysts Boost Earnings Estimates for MGY

Magnolia Oil & Gas Co. (NYSE:MGY) – Investment analysts at Zacks Research boosted their Q1 2025 earnings estimates for Magnolia Oil & Gas in a research note issued on Wednesday, November 13th. Zacks Research analyst N. Choudhury now forecasts that the company will post earnings per share of $0.48 for the quarter, up from their prior estimate of $0.47. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $1.99 per share. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q1 2026 earnings at $0.48 EPS.

Other equities research analysts have also recently issued reports about the stock. Benchmark reissued a “hold” rating on shares of Magnolia Oil & Gas in a research note on Tuesday, October 15th. Susquehanna dropped their price objective on shares of Magnolia Oil & Gas from $33.00 to $32.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. Bank of America upped their target price on Magnolia Oil & Gas from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Truist Financial raised their price target on Magnolia Oil & Gas from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Siebert Williams Shank downgraded Magnolia Oil & Gas from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Magnolia Oil & Gas presently has a consensus rating of “Hold” and an average price target of $27.67.

Magnolia Oil & Gas Trading Up 2.2 %

Shares of MGY stock opened at $27.45 on Monday. The stock has a market cap of $5.40 billion, a P/E ratio of 13.63, a P/E/G ratio of 1.37 and a beta of 1.99. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.20. Magnolia Oil & Gas has a fifty-two week low of $19.16 and a fifty-two week high of $27.96. The business has a fifty day simple moving average of $25.69 and a 200-day simple moving average of $25.43.

Magnolia Oil & Gas (NYSE:MGY) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $333.14 million during the quarter, compared to the consensus estimate of $331.45 million. Magnolia Oil & Gas had a return on equity of 20.78% and a net margin of 28.88%.

Institutional Investors Weigh In On Magnolia Oil & Gas

Several large investors have recently made changes to their positions in MGY. Vanguard Group Inc. grew its position in Magnolia Oil & Gas by 16.6% in the first quarter. Vanguard Group Inc. now owns 20,757,369 shares of the company’s stock valued at $538,654,000 after acquiring an additional 2,956,314 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Magnolia Oil & Gas in the first quarter valued at $30,161,000. American Century Companies Inc. grew its holdings in Magnolia Oil & Gas by 9.9% during the 2nd quarter. American Century Companies Inc. now owns 9,389,368 shares of the company’s stock valued at $237,927,000 after purchasing an additional 847,542 shares in the last quarter. Soros Fund Management LLC purchased a new stake in Magnolia Oil & Gas during the 3rd quarter worth $18,120,000. Finally, Barclays PLC lifted its holdings in Magnolia Oil & Gas by 62.5% in the 3rd quarter. Barclays PLC now owns 1,653,736 shares of the company’s stock worth $40,383,000 after buying an additional 636,049 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insider Activity at Magnolia Oil & Gas

In related news, Director Ltd. Enervest sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $25.86, for a total value of $181,020,000.00. Following the transaction, the director now owns 2,099,403 shares in the company, valued at approximately $54,290,561.58. This trade represents a 76.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.20% of the stock is owned by insiders.

Magnolia Oil & Gas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 8th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.52 annualized dividend and a dividend yield of 1.89%. Magnolia Oil & Gas’s dividend payout ratio is presently 25.74%.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation.