Magnolia Oil & Gas (NYSE:MGY) Given New $38.00 Price Target at KeyCorp
by Michael Walen · The Markets DailyMagnolia Oil & Gas (NYSE:MGY – Free Report) had its price target increased by KeyCorp from $30.00 to $38.00 in a report issued on Thursday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.
A number of other research firms have also recently commented on MGY. BMO Capital Markets initiated coverage on Magnolia Oil & Gas in a research note on Friday, January 9th. They issued an “outperform” rating and a $27.00 target price on the stock. Siebert Williams Shank cut shares of Magnolia Oil & Gas from a “buy” rating to a “hold” rating in a research note on Friday, March 6th. Roth Mkm reissued a “buy” rating on shares of Magnolia Oil & Gas in a research report on Tuesday, February 10th. UBS Group raised their price objective on shares of Magnolia Oil & Gas from $29.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, Bank of America raised shares of Magnolia Oil & Gas from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $28.00 in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Magnolia Oil & Gas presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.
Get Our Latest Stock Analysis on MGY
Magnolia Oil & Gas Price Performance
Shares of NYSE MGY opened at $31.03 on Thursday. The company has a 50 day simple moving average of $28.12 and a two-hundred day simple moving average of $24.71. Magnolia Oil & Gas has a fifty-two week low of $19.09 and a fifty-two week high of $32.76. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 2.12 and a beta of 0.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.54 and a current ratio of 1.54.
Magnolia Oil & Gas (NYSE:MGY – Get Free Report) last issued its quarterly 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. Magnolia Oil & Gas had a return on equity of 16.67% and a net margin of 24.79%.The firm had revenue of $317.63 million for the quarter, compared to analysts’ expectations of $322.18 million. During the same period in the previous year, the firm posted $0.44 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. Analysts expect that Magnolia Oil & Gas will post 2.1 EPS 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. Investors 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%. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, February 10th. Magnolia Oil & Gas’s payout ratio is 38.37%.
Insider Buying and Selling
In other news, Director Dan F. Smith sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $29.01, for a total transaction of $522,180.00. Following the completion of the transaction, the director directly owned 119,204 shares of the company’s stock, valued at $3,458,108.04. The trade was a 13.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward P. Djerejian sold 18,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $28.98, for a total transaction of $521,640.00. Following the transaction, the director owned 110,425 shares in the company, valued at approximately $3,200,116.50. This trade represents a 14.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 338,954 shares of company stock worth $9,911,733 in the last three months. 1.20% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Magnolia Oil & Gas
Several hedge funds and other institutional investors have recently modified their holdings of the company. Salomon & Ludwin LLC boosted its stake in shares of Magnolia Oil & Gas by 130.1% in the 4th quarter. Salomon & Ludwin LLC now owns 1,344 shares of the company’s stock worth $29,000 after buying an additional 760 shares during the last quarter. Mather Group LLC. purchased a new stake in Magnolia Oil & Gas during the third quarter valued at $31,000. EverSource Wealth Advisors LLC increased its position in Magnolia Oil & Gas by 165.5% during the second 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 last quarter. Torren Management LLC bought a new position in Magnolia Oil & Gas in the fourth quarter valued at about $38,000. Finally, Parallel Advisors LLC lifted its holdings in Magnolia Oil & Gas by 79.8% in the fourth quarter. Parallel Advisors LLC now owns 1,769 shares of the company’s stock valued at $39,000 after acquiring an additional 785 shares during the period. 94.73% of the stock is owned by institutional investors.
Trending Headlines about Magnolia Oil & Gas
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).