Edward Djerejian Sells 18,000 Shares of Magnolia Oil & Gas (NYSE:MGY) Stock

Magnolia Oil & Gas Corp (NYSE:MGY) Director Edward Djerejian sold 18,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $28.98, for a total transaction of $521,640.00. Following the transaction, the director directly owned 110,425 shares of the company’s stock, valued at approximately $3,200,116.50. This trade represents a 14.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Magnolia Oil & Gas Price Performance

NYSE:MGY opened at $28.94 on Friday. Magnolia Oil & Gas Corp has a one year low of $19.09 and a one year high of $29.74. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 16.82 and a beta of 0.89. The firm’s fifty day moving average is $25.60 and its two-hundred day moving average is $24.02.

Magnolia Oil & Gas (NYSE:MGY) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $317.63 million during the quarter, compared to analyst estimates of $322.18 million. Magnolia Oil & Gas had a return on equity of 16.67% and a net margin of 24.79%.The company’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. Research analysts expect that Magnolia Oil & Gas Corp will post 2.1 EPS for the current year.

Magnolia Oil & Gas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.3%. This is a positive change 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 dividend payout ratio is 38.37%.

Institutional Trading of Magnolia Oil & Gas

Several institutional investors have recently bought and sold shares of MGY. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Magnolia Oil & Gas by 236.2% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,190 shares of the company’s stock valued at $27,000 after purchasing an additional 836 shares during the period. Salomon & Ludwin LLC raised its stake in shares of Magnolia Oil & Gas by 130.1% during 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 period. Mather Group LLC. purchased a new position in shares of Magnolia Oil & Gas during the 3rd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC lifted its position in shares of Magnolia Oil & Gas by 165.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the company’s stock valued at $31,000 after buying an additional 864 shares in the last quarter. Finally, Torren Management LLC acquired a new stake in Magnolia Oil & Gas in the 4th quarter valued at $38,000. 94.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MGY shares. UBS Group upped their price objective on Magnolia Oil & Gas from $29.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Bank of America raised shares of Magnolia Oil & Gas from a “neutral” rating to a “buy” rating and lifted their target price for the company from $26.00 to $28.00 in a report on Friday, January 16th. BMO Capital Markets assumed coverage on shares of Magnolia Oil & Gas in a research note on Friday, January 9th. They issued an “outperform” rating and a $27.00 target price for the company. Benchmark reissued a “hold” rating on shares of Magnolia Oil & Gas in a report on Wednesday, January 21st. Finally, Susquehanna dropped their price target on shares of Magnolia Oil & Gas from $30.00 to $28.00 and set a “positive” rating on the stock in a research report on Monday, January 26th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Magnolia Oil & Gas currently has an average rating of “Moderate Buy” and an average target price of $28.90.

More Magnolia Oil & Gas News

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

• Positive Sentiment: Piper Sandler raised its price target to $31 (neutral rating), implying roughly 7% upside from current levels — supports valuation upside. Read More.
• Positive Sentiment: Clear Street (reported via MSN) published a bullish note on MGY, adding third‑party demand-side support for the name. Read More.
• Positive Sentiment: Company raised its quarterly dividend to $0.165 (annualized $0.66, ~2.3% yield) and recently paid it — signals cash-return priority that can support the share price over time. Read More.
• Neutral Sentiment: Latest quarter: EPS $0.37 beat consensus by $0.01 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%) and several large funds increased stakes recently — can reduce free float and amplify moves when insiders or analysts act. Read More.
• Negative Sentiment: CEO Christopher G. Stavros sold 119,954 shares at about $29.29 (~$3.51M), trimming his holding ~12% — a large CEO sale can dent investor conviction. Read More.
• Negative Sentiment: EVP Timothy D. Yang sold 150,000 shares at ~ $29.29 (~$4.39M), reducing his stake by ~22% — simultaneous senior‑exec sales amplify concern. Read More.
• Negative Sentiment: CFO Brian Corales sold 33,000 shares (~$961K) and directors Dan F. Smith and Edward P. Djerejian each sold 18,000 shares — multiple insider sales in the same window can pressure sentiment even if for personal reasons. Read More. | Read More. | Read More.

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).