Q1 EPS Estimate for Magnolia Oil & Gas Increased by Analyst

Magnolia Oil & Gas Corp (NYSE:MGY) – Stock analysts at Zacks Research increased their Q1 2028 earnings per share estimates for Magnolia Oil & Gas in a research note issued to investors on Monday, March 30th. Zacks Research analyst Team now expects that the company will post earnings per share of $0.51 for the quarter, up from their previous forecast of $0.50. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.10 per share.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $317.63 million for 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 firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS.

A number of other analysts also recently commented on MGY. Citigroup upped their price objective on Magnolia Oil & Gas from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Tuesday. Bank of America raised Magnolia Oil & Gas from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $28.00 in a research note on Friday, January 16th. Truist Financial assumed coverage on Magnolia Oil & Gas in a report on Tuesday, March 24th. They set a “hold” rating and a $33.00 target price for the company. Piper Sandler raised their price target on shares of Magnolia Oil & Gas from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Finally, KeyCorp boosted their price objective on shares of Magnolia Oil & Gas from $30.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.55.

Magnolia Oil & Gas Stock Performance

Shares of MGY stock opened at $30.16 on Thursday. 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 capitalization of $5.62 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 2.22 and a beta of 0.89. Magnolia Oil & Gas has a one year low of $19.09 and a one year high of $32.76. The company has a 50 day moving average price of $27.97 and a 200 day moving average price of $24.67.

Magnolia Oil & Gas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were paid a dividend of $0.165 per share. This is a boost from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, February 10th. Magnolia Oil & Gas’s payout ratio is 38.37%.

Insiders Place Their Bets

In related news, Director Dan F. Smith sold 18,000 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $29.01, for a total value of $522,180.00. Following the completion of the transaction, the director owned 119,204 shares of the company’s stock, valued at approximately $3,458,108.04. This represents a 13.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Christopher G. Stavros sold 119,954 shares of Magnolia Oil & Gas 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 $3,513,452.66. Following the sale, the chief executive officer owned 883,592 shares in the company, valued at $25,880,409.68. This represents a 11.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 338,954 shares of company stock valued at $9,911,733. Insiders own 1.20% of the company’s stock.

Institutional Trading of Magnolia Oil & Gas

Institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its stake in Magnolia Oil & Gas by 77.7% during the 1st quarter. AQR Capital Management LLC now owns 56,346 shares of the company’s stock valued at $1,423,000 after acquiring an additional 24,631 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Magnolia Oil & Gas by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 103,109 shares of the company’s stock worth $2,605,000 after purchasing an additional 4,512 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Magnolia Oil & Gas by 8.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 242,880 shares of the company’s stock worth $6,135,000 after purchasing an additional 18,447 shares during the last quarter. Intech Investment Management LLC grew its stake in Magnolia Oil & Gas by 11.3% in the first quarter. Intech Investment Management LLC now owns 68,814 shares of the company’s stock worth $1,738,000 after purchasing an additional 7,008 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in Magnolia Oil & Gas by 23.9% in the second quarter. Franklin Resources Inc. now owns 109,039 shares of the company’s stock valued at $2,451,000 after buying an additional 21,061 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Magnolia Oil & Gas Company Profile

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).