Magnolia Oil & Gas (NYSE:MGY) Upgraded at Bank of America

Bank of America upgraded shares of Magnolia Oil & Gas (NYSE:MGY) from a neutral rating to a buy rating in a research report released on Friday, MarketBeat.com reports. The brokerage currently has $28.00 price objective on the stock, up from their previous price objective of $26.00.

Other research analysts also recently issued reports about the stock. Piper Sandler cut their price target on shares of Magnolia Oil & Gas from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Citigroup raised Magnolia Oil & Gas from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $19.00 to $25.00 in a research note on Wednesday, January 14th. Mizuho set a $29.00 target price on Magnolia Oil & Gas in a research note on Friday, December 12th. Zacks Research cut Magnolia Oil & Gas from a “hold” rating to a “strong sell” rating in a report on Monday, January 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Magnolia Oil & Gas in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Magnolia Oil & Gas currently has a consensus rating of “Hold” and an average target price of $26.67.

Magnolia Oil & Gas Stock Up 0.5%

MGY stock opened at $22.60 on Friday. The stock has a 50-day simple moving average of $22.47 and a two-hundred day simple moving average of $23.20. Magnolia Oil & Gas has a twelve month low of $19.09 and a twelve month high of $26.84. The firm has a market capitalization of $4.26 billion, a PE ratio of 12.63, a PEG ratio of 3.45 and a beta of 0.92. 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 (NYSE:MGY) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. The company had revenue of $324.94 million during the quarter, compared to analyst estimates of $322.52 million. Magnolia Oil & Gas had a net margin of 25.90% and a return on equity of 18.10%. Magnolia Oil & Gas’s revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.52 earnings per share. On average, equities analysts predict that Magnolia Oil & Gas will post 2.1 EPS for the current fiscal year.

Magnolia Oil & Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 10th were given a dividend of $0.15 per share. The ex-dividend date was Monday, November 10th. This represents a $0.60 annualized dividend and a dividend yield of 2.7%. Magnolia Oil & Gas’s dividend payout ratio is 33.52%.

Institutional Trading of Magnolia Oil & Gas

A number of hedge funds have recently bought and sold shares of MGY. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Magnolia Oil & Gas by 236.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,190 shares of the company’s stock valued at $27,000 after acquiring an additional 836 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Magnolia Oil & Gas in the 2nd quarter worth approximately $30,000. Mather Group LLC. purchased a new stake in shares of Magnolia Oil & Gas in the 3rd quarter valued at $31,000. EverSource Wealth Advisors LLC grew its holdings in shares of Magnolia Oil & Gas by 165.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the company’s stock valued at $31,000 after purchasing an additional 864 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Magnolia Oil & Gas by 90.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,212 shares of the company’s stock valued at $50,000 after purchasing an additional 1,051 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Key Magnolia Oil & Gas News

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

• Positive Sentiment: Bank of America upgraded MGY to a Buy, which likely boosted demand for the shares and helped push the stock higher. Article Title
• Positive Sentiment: KeyCorp raised its FY2027 EPS forecast to $2.18 (from $2.10) and nudged several 2027 quarterly estimates higher (Q1–Q4 2027 increases), signaling improved longer‑term earnings visibility and supporting upside to the stock and its $29 price target.
• Neutral Sentiment: KeyCorp reiterated an “Overweight” rating and a $29 price objective — constructive endorsement but already priced into market expectations given the repeated coverage.
• Negative Sentiment: KeyCorp trimmed several near‑term estimates: cuts to Q4 2025 (to $0.35 from $0.42), Q1 2026 (to $0.42 from $0.48), Q2 2026 (to $0.43 from $0.45), FY2025 (to $1.73 from $1.80) and FY2026 (to $1.86 from $1.92). These downgrades to nearer‑term outlook could temper investor enthusiasm and add short‑term downside risk.

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).