Magnolia Oil & Gas (NYSE:MGY) CFO Brian Corales Sells 33,000 Shares of Stock

Magnolia Oil & Gas Corp (NYSE:MGY) CFO Brian Corales sold 33,000 shares of Magnolia Oil & Gas stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $29.12, for a total transaction of $960,960.00. Following the transaction, the chief financial officer directly owned 184,178 shares in the company, valued at approximately $5,363,263.36. The trade was a 15.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Magnolia Oil & Gas Stock Down 0.5%

Shares of MGY traded down $0.16 during trading hours on Thursday, hitting $28.91. The company had a trading volume of 107,705 shares, compared to its average volume of 3,126,413. The company’s fifty day moving average price is $25.45 and its two-hundred day moving average price is $23.99. Magnolia Oil & Gas Corp has a one year low of $19.09 and a one year high of $29.74. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $5.39 billion, a PE ratio of 16.78 and a beta of 0.89.

Magnolia Oil & Gas (NYSE:MGY) last announced its earnings results on Thursday, February 5th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $317.63 million during the quarter, compared to the consensus estimate of $322.18 million. Magnolia Oil & Gas had a net margin of 24.79% and a return on equity of 16.67%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share. As a group, equities analysts forecast that Magnolia Oil & Gas Corp will post 2.1 earnings per share for the current fiscal year.

Magnolia Oil & Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, February 10th. This is a positive change from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. Magnolia Oil & Gas’s payout ratio is 38.37%.

Hedge Funds Weigh In On Magnolia Oil & Gas

Institutional investors have recently made changes to their positions in the company. TD Asset Management Inc boosted its holdings in Magnolia Oil & Gas by 55.7% during the third quarter. TD Asset Management Inc now owns 4,478,361 shares of the company’s stock worth $106,898,000 after buying an additional 1,601,809 shares in the last quarter. Epoch Investment Partners Inc. raised its position in shares of Magnolia Oil & Gas by 58.7% in the third quarter. Epoch Investment Partners Inc. now owns 4,138,626 shares of the company’s stock worth $98,789,000 after acquiring an additional 1,531,061 shares during the period. American Century Companies Inc. raised its position in shares of Magnolia Oil & Gas by 12.9% in the second quarter. American Century Companies Inc. now owns 11,861,231 shares of the company’s stock worth $266,641,000 after acquiring an additional 1,358,878 shares during the period. HITE Hedge Asset Management LLC boosted its stake 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 worth $31,837,000 after acquiring an additional 1,263,407 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Magnolia Oil & Gas by 192.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,401,279 shares of the company’s stock worth $33,449,000 after acquiring an additional 921,970 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Key Magnolia Oil & Gas News

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

• Positive Sentiment: Company raised its quarterly dividend to $0.165 (annualized $0.66, ~2.3% yield) and paid the dividend on March 2nd — supports income investors and signals cash-return priority. Read More.
• Positive Sentiment: UBS raised its price target from $29 to $35 and maintained a Buy rating (Mar 5), boosting upside expectations from at least one major broker. Read More.
• Neutral Sentiment: Latest quarter: EPS $0.37 vs. consensus $0.36 (small beat) but revenue modestly missed and was down 2.8% y/y — mixed operational results that provide limited immediate catalyst. Read More.
• Neutral Sentiment: Institutional ownership is very high (~94.7%), which can reduce float liquidity and make share moves sharper on concentrated trades or news. Read More.
• Negative Sentiment: CEO Christopher G. Stavros sold 119,954 shares at ~$29.29 (~$3.51M), reducing his holding by ~12% — large CEO sale can undermine near-term insider-conviction perception. Read More.
• Negative Sentiment: EVP Timothy D. Yang sold 150,000 shares at ~$29.29 (~$4.39M), trimming his stake by ~22% — simultaneous senior-exec selling amplifies investor concern about insider outlook or rebalancing. Read More.
• Negative Sentiment: CFO Brian Corales sold 33,000 shares at ~$29.12 (~$961K), a ~15% reduction — CFO sales often attract attention because of their operational visibility. Read More.
• Negative Sentiment: Directors Dan F. Smith and Edward P. Djerejian each sold 18,000 shares (~$522K each), cutting holdings by ~13–14% — multiple board-level sales on close dates can amplify negative sentiment even if for personal reasons. Read More. | Read More.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MGY shares. Bank of America upgraded Magnolia Oil & Gas from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $28.00 in a research note on Friday, January 16th. Wells Fargo & Company set a $25.00 price target on Magnolia Oil & Gas in a research note on Monday, February 16th. UBS Group upped their price objective on shares of Magnolia Oil & Gas from $29.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Roth Mkm reaffirmed a “buy” rating on shares of Magnolia Oil & Gas in a research report on Tuesday, February 10th. Finally, KeyCorp lifted their price objective on shares of Magnolia Oil & Gas from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $28.18.

About Magnolia Oil & Gas

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).