Magnolia Oil & Gas (NYSE:MGY) Stock Rating Cut to Hold at Zacks Research

Zacks Research cut shares of Magnolia Oil & Gas (NYSE:MGY) from a strong-buy rating to a hold rating in a report published on Tuesday,Zacks reports. Zacks Research also issued estimates for Magnolia Oil & Gas’ Q3 2026 earnings at $0.38 EPS.

MGY has been the topic of several other research reports. Seaport Research Partners began coverage on shares of Magnolia Oil & Gas in a report on Thursday, September 3rd. They issued a “neutral” rating on the stock. Mizuho raised shares of Magnolia Oil & Gas to a “strong-buy” rating in a research report on Friday, July 31st. KeyCorp reaffirmed an “overweight” rating and issued a $38.00 target price on shares of Magnolia Oil & Gas in a research report on Wednesday, August 12th. Scotiabank assumed coverage on shares of Magnolia Oil & Gas in a research note on Wednesday. They set an “outperform” rating and a $31.00 target price on the stock. Finally, Susquehanna boosted their price target on shares of Magnolia Oil & Gas from $36.00 to $37.00 and gave the company a “positive” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Magnolia Oil & Gas presently has a consensus rating of “Moderate Buy” and an average target price of $31.47.

Magnolia Oil & Gas Price Performance

Shares of MGY stock opened at $24.86 on Tuesday. The firm has a market cap of $5.89 billion, a P/E ratio of 10.91 and a beta of 0.80. Magnolia Oil & Gas has a fifty-two week low of $21.07 and a fifty-two week high of $32.76. The business’s 50 day moving average price is $25.86 and its 200-day moving average price is $27.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.58 and a current ratio of 1.58.

Magnolia Oil & Gas (NYSE:MGY) last posted its earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.06. The firm had revenue of $478.81 million for the quarter, compared to analysts’ expectations of $458.10 million. Magnolia Oil & Gas had a return on equity of 21.04% and a net margin of 28.77%. The business’s revenue was up 50.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. On average, equities research analysts anticipate that Magnolia Oil & Gas will post 2.75 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. Investors of record on Monday, August 10th were given a dividend of $0.18 per share. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.1650. This represents a $0.72 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, August 10th. Magnolia Oil & Gas’s dividend payout ratio is presently 31.58%.

Insiders Place Their Bets

In other news, Director David Khani acquired 8,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $200,000.00. Following the completion of the acquisition, the director owned 30,622 shares in the company, valued at $765,550. This trade represents a 35.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.92% of the stock is currently owned by insiders.

Institutional Trading of Magnolia Oil & Gas

A number of hedge funds have recently modified their holdings of MGY. Valued Wealth Advisors LLC bought a new position in shares of Magnolia Oil & Gas in the first quarter worth approximately $29,000. Harbor Investment Advisory LLC bought a new stake in shares of Magnolia Oil & Gas during the second quarter valued at approximately $39,000. Ancora Advisors LLC bought a new stake in shares of Magnolia Oil & Gas during the second quarter valued at approximately $51,000. Versant Capital Management Inc increased its position in shares of Magnolia Oil & Gas by 96.9% during the second quarter. Versant Capital Management Inc now owns 2,257 shares of the company’s stock valued at $58,000 after acquiring an additional 1,111 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in Magnolia Oil & Gas in the 2nd quarter worth approximately $72,000. Institutional investors own 94.73% of the company’s stock.

Magnolia Oil & Gas Company Profile

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.