24,200 Shares in Magnolia Oil & Gas Corp $MGY Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp bought a new position in shares of Magnolia Oil & Gas Corp (NYSE:MGY) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 24,200 shares of the company’s stock, valued at approximately $764,000.

Several other institutional investors and hedge funds also recently bought and sold shares of MGY. Arrowstreet Capital Limited Partnership grew its stake in shares of 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 buying an additional 5,560,619 shares during the period. Epoch Investment Partners Inc. increased its holdings in shares of Magnolia Oil & Gas by 58.7% during the 3rd quarter. Epoch Investment Partners Inc. now owns 4,138,626 shares of the company’s stock worth $98,789,000 after buying an additional 1,531,061 shares during the last quarter. HITE Hedge Asset Management LLC raised its position in shares of Magnolia Oil & Gas by 661.5% during the 4th quarter. HITE Hedge Asset Management LLC now owns 1,454,388 shares of the company’s stock valued at $31,837,000 after buying an additional 1,263,407 shares during the period. TD Asset Management Inc raised its position in shares of Magnolia Oil & Gas by 26.6% during the 4th quarter. TD Asset Management Inc now owns 5,671,819 shares of the company’s stock valued at $124,156,000 after buying an additional 1,193,458 shares during the period. Finally, Voloridge Investment Management LLC lifted its holdings in Magnolia Oil & Gas by 116.4% in the fourth quarter. Voloridge Investment Management LLC now owns 969,487 shares of the company’s stock valued at $21,222,000 after acquiring an additional 521,459 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MGY has been the subject of several analyst reports. Roth Capital lowered their price objective on Magnolia Oil & Gas from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Zacks Research downgraded Magnolia Oil & Gas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Truist Financial raised Magnolia Oil & Gas from a “hold” rating to a “buy” rating and upped their price target for the company from $32.00 to $33.00 in a research note on Tuesday. Wells Fargo & Company lowered their price target on Magnolia Oil & Gas from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, May 13th. Finally, KeyCorp reissued an “overweight” rating on shares of Magnolia Oil & Gas in a research report on Monday, June 29th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Magnolia Oil & Gas presently has an average rating of “Moderate Buy” and an average price target of $31.50.

Magnolia Oil & Gas Stock Up 0.1%

Shares of NYSE MGY opened at $25.04 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $26.60 and its two-hundred day moving average is $27.53. Magnolia Oil & Gas Corp has a 52-week low of $21.07 and a 52-week high of $32.76. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 14.56 and a beta of 0.70.

Magnolia Oil & Gas (NYSE:MGY) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. Magnolia Oil & Gas had a return on equity of 16.28% and a net margin of 24.40%.The business had revenue of $358.51 million during the quarter, compared to analyst estimates of $349.89 million. During the same period last year, the business posted $0.54 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Research analysts predict that Magnolia Oil & Gas Corp will post 2.7 EPS for the current year.

Magnolia Oil & Gas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. This is a positive change from Magnolia Oil & Gas’s previous quarterly dividend of $0.17. Magnolia Oil & Gas’s dividend payout ratio is currently 38.37%.

Key Stories Impacting Magnolia Oil & Gas

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

• Positive Sentiment: The board declared a quarterly dividend of $0.18 per share, payable September 1 to shareholders of record August 10. The payout is approximately 9.1% higher than the previous $0.17 dividend and implies an annualized dividend of $0.72, or roughly a 2.9% yield. Magnolia Oil & Gas Board Declares Previously Announced 9 Percent Dividend Increase
• Positive Sentiment: Truist upgraded MGY to “Buy,” citing an upbeat view of the company’s WildFire acquisition. The endorsement suggests the deal could strengthen Magnolia’s operating outlook and shareholder value. Magnolia Oil & Gas raised to Buy at Truist on upbeat view of WildFire acquisition
• Positive Sentiment: Zacks Research raised its Q2 2026 EPS forecast to $0.66 from $0.65, while a separate earnings preview highlighted expectations for earnings growth and the potential for a quarterly earnings beat. Magnolia Oil & Gas Earnings Expected to Grow
• Neutral Sentiment: A comparison with Topaz Resources reviews valuation, profitability, dividends, institutional ownership, risk and analyst recommendations. The analysis provides context for investors but does not introduce a specific new catalyst for Magnolia. Magnolia Oil & Gas and Topaz Resources Head-To-Head Analysis
• Negative Sentiment: Zacks cut its Q3 2027 EPS estimate to $0.58 from $0.64 and its Q2 2028 forecast to $0.55 from $0.56. The reductions could weigh on sentiment about Magnolia’s longer-term earnings trajectory, although Zacks maintains a “Hold” rating.

Magnolia Oil & Gas 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).