Magnolia Oil & Gas (NYSE:MGY) Price Target Raised to $35.00

Magnolia Oil & Gas (NYSE:MGY) had its price objective hoisted by Citigroup from $29.00 to $35.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

MGY has been the subject of a number of other reports. Truist Financial began coverage on Magnolia Oil & Gas in a research report on Tuesday, March 24th. They issued a “hold” rating and a $33.00 price target for the company. Piper Sandler lifted their price objective on Magnolia Oil & Gas from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Wells Fargo & Company set a $25.00 price objective on Magnolia Oil & Gas in a research note on Monday, February 16th. Zacks Research raised Magnolia Oil & Gas from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. Finally, UBS Group lifted their price target on Magnolia Oil & Gas from $29.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.55.

Magnolia Oil & Gas Stock Performance

MGY opened at $31.03 on Tuesday. The firm has a market capitalization of $5.78 billion, a PE ratio of 18.04, a PEG ratio of 2.12 and a beta of 0.83. Magnolia Oil & Gas has a twelve month low of $19.09 and a twelve month high of $32.76. The firm’s 50-day moving average price is $28.12 and its 200 day moving average price is $24.71. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.20.

Magnolia Oil & Gas (NYSE:MGY) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. Magnolia Oil & Gas had a net margin of 24.79% and a return on equity of 16.67%. The company had revenue of $317.63 million during the quarter, compared to analysts’ expectations of $322.18 million. During the same quarter in the prior year, the company earned $0.44 EPS. Magnolia Oil & Gas’s revenue was down 2.8% compared to the same quarter last year. As a group, sell-side analysts expect that Magnolia Oil & Gas will post 2.1 EPS for the current fiscal year.

Magnolia Oil & Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, February 10th. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. Magnolia Oil & Gas’s dividend payout ratio is presently 38.37%.

Insider Transactions at Magnolia Oil & Gas

In related news, EVP Timothy D. Yang sold 150,000 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $29.29, for a total value of $4,393,500.00. Following the completion of the transaction, the executive vice president directly owned 526,661 shares in the company, valued at approximately $15,425,900.69. This represents a 22.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dan F. Smith sold 18,000 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $29.01, for a total value of $522,180.00. Following the sale, the director directly owned 119,204 shares of the company’s stock, valued at approximately $3,458,108.04. This trade represents a 13.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 338,954 shares of company stock valued at $9,911,733 in the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Magnolia Oil & Gas

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mather Group LLC. acquired a new position in Magnolia Oil & Gas in the third quarter valued at about $31,000. Salomon & Ludwin LLC increased its position in shares of Magnolia Oil & Gas by 130.1% during the fourth quarter. Salomon & Ludwin LLC now owns 1,344 shares of the company’s stock valued at $29,000 after acquiring an additional 760 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Magnolia Oil & Gas by 165.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the company’s stock valued at $31,000 after acquiring an additional 864 shares during the period. Torren Management LLC purchased a new stake in shares of Magnolia Oil & Gas in the 4th quarter valued at approximately $38,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Magnolia Oil & Gas by 79.8% in the 4th quarter. Parallel Advisors LLC now owns 1,769 shares of the company’s stock worth $39,000 after acquiring an additional 785 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

More Magnolia Oil & Gas News

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

• Positive Sentiment: KeyCorp raised its price target on MGY to $38 and moved to an “overweight” rating, implying material upside from current levels. Article Title
• Positive Sentiment: Zacks Research has repeatedly increased short‑term and full‑year EPS estimates for Magnolia (including Q1 and Q3/ FY lifts) and carries a “Strong‑Buy” view — an analyst-driven earnings upside that supports the rally. MarketBeat Zacks Coverage
• Positive Sentiment: Citigroup published a bullish forecast calling for strong price appreciation for MGY, adding institutional-level support for the stock’s move higher. Citigroup Forecast
• Positive Sentiment: Industry pieces (Zacks commentary and a March recap of oil’s rally) list Magnolia among a handful of E&P names to buy as oil prices strengthened, which can attract momentum and ETF/peer flows into MGY. Oil’s Record March Rally Zacks E&P Buy List
• Neutral Sentiment: Magnolia has scheduled a conference call for first‑quarter 2026 results; the event will provide fresh operational and guidance detail that could either reinforce the bullish analyst views or introduce short‑term volatility depending on results. Conference Call Notice

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).