Magnolia Oil & Gas (NYSE:MGY) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Magnolia Oil & Gas (NYSE:MGY) from a buy rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts have also recently issued reports on MGY. Seaport Research Partners started coverage on shares of Magnolia Oil & Gas in a report on Thursday, September 3rd. They set a “neutral” rating on the stock. Williams Trading set a $32.00 target price on Magnolia Oil & Gas in a research report on Wednesday, September 23rd. Susquehanna increased their target price on Magnolia Oil & Gas from $36.00 to $37.00 and gave the stock a “positive” rating in a research report on Tuesday, August 11th. Zacks Research lowered Magnolia Oil & Gas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 13th. Finally, Wells Fargo & Company reduced their price target on Magnolia Oil & Gas from $36.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Magnolia Oil & Gas has a consensus rating of “Moderate Buy” and a consensus target price of $31.53.

Magnolia Oil & Gas Stock Performance

NYSE MGY opened at $25.36 on Friday. The company’s 50 day moving average is $25.86 and its 200-day moving average is $27.03. Magnolia Oil & Gas has a 12-month low of $21.07 and a 12-month high of $32.76. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.18. The firm has a market cap of $6.01 billion, a P/E ratio of 11.12 and a beta of 0.80.

Magnolia Oil & Gas (NYSE:MGY) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $478.81 million for the quarter, compared to analysts’ expectations of $458.10 million. Magnolia Oil & Gas had a net margin of 28.77% and a return on equity of 21.04%. Magnolia Oil & Gas’s revenue was up 50.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. Sell-side analysts predict that Magnolia Oil & Gas will post 2.72 earnings per share for the current year.

Magnolia Oil & Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 10th were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, August 10th. This is a positive change from Magnolia Oil & Gas’s previous quarterly dividend of $0.1650. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.8%. Magnolia Oil & Gas’s payout ratio is currently 31.58%.

Insider Activity at Magnolia Oil & Gas

In other news, Director David Khani acquired 8,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $200,000.00. Following the completion of the transaction, the director owned 30,622 shares of the company’s stock, valued at $765,550. The trade was a 35.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.92% of the company’s stock.

Hedge Funds Weigh In On Magnolia Oil & Gas

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Magnolia Oil & Gas by 5.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,028,781 shares of the company’s stock worth $221,910,000 after purchasing an additional 394,419 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Magnolia Oil & Gas by 2.8% in the 1st quarter. Janus Henderson Group PLC now owns 6,279,636 shares of the company’s stock valued at $198,248,000 after purchasing an additional 170,174 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Magnolia Oil & Gas by 790.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,263,808 shares of the company’s stock valued at $197,748,000 after purchasing an additional 5,560,619 shares during the period. Bank of America Corp DE boosted its holdings in Magnolia Oil & Gas by 20.5% in the 1st quarter. Bank of America Corp DE now owns 3,877,361 shares of the company’s stock valued at $122,408,000 after purchasing an additional 659,012 shares during the period. Finally, Stephens Investment Management Group LLC boosted its holdings in Magnolia Oil & Gas by 0.8% in the 1st quarter. Stephens Investment Management Group LLC now owns 2,172,120 shares of the company’s stock valued at $68,574,000 after purchasing an additional 17,541 shares during the period. Hedge funds and other 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:

• Neutral Sentiment: Wells Fargo maintained its Hold rating while cutting its price target, indicating limited near-term upside in the bank’s view. Magnolia Oil & Gas Stock Price Target Cut by Wells Fargo & Company
• Neutral Sentiment: Scotiabank initiated coverage with a Sector Perform rating, signaling expectations that MGY will perform broadly in line with the oil-and-gas sector. Scotiabank Initiates Coverage on Magnolia Oil & Gas With Sector Perform Rating
• Negative Sentiment: Zacks Research downgraded Magnolia Oil & Gas from Strong Buy to Hold, removing a bullish analyst endorsement. Zacks Research Downgrades Magnolia Oil & Gas
• Negative Sentiment: Zacks cut its Q3 2026 EPS forecast to $0.38 from $0.40 and reduced estimates for Q4 2026 and full-year 2026 to $0.58 and $2.48, respectively, from $0.78 and $2.71.
• Negative Sentiment: The revisions extend into 2027 and 2028: FY2027 EPS was lowered to $2.23 from $2.82, while FY2028 EPS was reduced to $2.80 from $3.19. Quarterly estimates for Q1–Q3 2027 and Q1–Q3 2028 were also cut, pointing to weaker expected earnings momentum.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corporation is an independent oil and natural gas exploration and production company. The company focuses on the acquisition, development, exploration and production of crude oil, natural gas and natural gas liquids.

Magnolia’s operations are concentrated in the Eagle Ford Shale and Austin Chalk formations in South Texas, including its Karnes and Giddings areas. Its production activities are supported by established infrastructure and involve the development of unconventional oil and gas resources.

The company was formed in 2017 through a business combination involving TPG Pace Energy Holdings Corp.