Magnolia Oil & Gas (NYSE:MGY) Shares Gap Down – What’s Next?

Magnolia Oil & Gas Corp (NYSE:MGY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $31.93, but opened at $29.10. Magnolia Oil & Gas shares last traded at $29.5260, with a volume of 349,392 shares traded.

More Magnolia Oil & Gas News

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

• Positive Sentiment: KeyCorp materially raised earnings forecasts across 2026–2027 (big increases to quarterly and full‑year EPS) and maintains an “Overweight” rating with a $38 price target — this is a strong bullish catalyst for MGY’s fundamentals and valuation. MarketBeat KeyCorp Note
• Positive Sentiment: Zacks added MGY to its Rank #1 (Strong Buy) list, which can attract momentum/inflow from model-driven and retail portfolios. Zacks April 7th List
• Neutral Sentiment: Roth MKM reaffirmed a “neutral” rating but raised its price target to $32 from $29 — a modest positive to the target but the maintained neutral stance may limit upside from institutional investors. TickerReport on Roth MKM
• Neutral Sentiment: A Yahoo Markets piece lays out two bullish arguments and one cautionary point for MGY — useful context for investors weighing the upside drivers against near‑term risks. Yahoo: 2 Reasons to Like MGY
• Negative Sentiment: Despite analyst upgrades, shares are trading lower today with intraday volume well below the stock’s average — this suggests profit‑taking or broader sector/headline weakness is outweighing the upgrades in the short term. MarketBeat MGY Quote

Analysts Set New Price Targets

MGY has been the topic of several research reports. Piper Sandler increased their price target on shares of Magnolia Oil & Gas from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Citigroup increased their price target on shares of Magnolia Oil & Gas from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 31st. Bank of America raised shares of Magnolia Oil & Gas from a “neutral” rating to a “buy” rating and increased their price target for the stock from $26.00 to $28.00 in a research report on Friday, January 16th. Mizuho set a $30.00 price target on shares of Magnolia Oil & Gas in a research report on Friday, February 6th. Finally, KeyCorp increased their price target on shares of Magnolia Oil & Gas from $30.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.67.

Magnolia Oil & Gas Price Performance

The stock’s 50 day moving average is $28.53 and its two-hundred day moving average is $24.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $5.52 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 2.18 and a beta of 0.83.

Magnolia Oil & Gas (NYSE:MGY) last released its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $317.63 million for the quarter, compared to analyst estimates of $322.18 million. During the same period in the prior year, the firm earned $0.44 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. As a group, sell-side 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 company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were paid a dividend of $0.165 per share. The ex-dividend date was Tuesday, February 10th. This is a positive change from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.2%. Magnolia Oil & Gas’s payout ratio is currently 38.37%.

Insider Activity

In related news, CFO Brian Corales sold 33,000 shares of the company’s 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 sale, the chief financial officer directly owned 184,178 shares in the company, valued at approximately $5,363,263.36. This represents a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy D. Yang sold 150,000 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $29.29, for a total transaction of $4,393,500.00. Following the completion of the transaction, the executive vice president owned 526,661 shares in the company, valued at $15,425,900.69. This represents a 22.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 338,954 shares of company stock valued at $9,911,733. 0.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Magnolia Oil & Gas

Several hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC purchased a new position in Magnolia Oil & Gas in the fourth quarter valued at approximately $1,141,000. Rockefeller Capital Management L.P. increased its stake in Magnolia Oil & Gas by 22.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 7,869 shares of the company’s stock valued at $172,000 after purchasing an additional 1,449 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Magnolia Oil & Gas in the fourth quarter valued at approximately $260,000. Caitlin John LLC purchased a new position in Magnolia Oil & Gas in the fourth quarter valued at approximately $329,000. Finally, Empowered Funds LLC increased its stake in Magnolia Oil & Gas by 111.4% in the fourth quarter. Empowered Funds LLC now owns 146,186 shares of the company’s stock valued at $3,200,000 after purchasing an additional 77,025 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

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).