OMERS ADMINISTRATION Corp Purchases New Shares in Magnolia Oil & Gas Corp $MGY

Posted by Brenda Bartman on Jul 31st, 2026

OMERS ADMINISTRATION Corp purchased a new position in Magnolia Oil & Gas Corp (NYSE:MGY – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,200 shares of the company’s stock, valued at approximately $764,000.

Other institutional investors have also added to or reduced their stakes in the company. Foster Victor Wealth Advisors LLC grew its holdings in Magnolia Oil & Gas by 9.2% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 417,192 shares of the company’s stock valued at $9,429,000 after purchasing an additional 35,223 shares during the period. Bessemer Group Inc. raised its stake in shares of Magnolia Oil & Gas by 22.4% during the 4th quarter. Bessemer Group Inc. now owns 1,116,993 shares of the company’s stock worth $24,452,000 after buying an additional 204,467 shares during the period. Diamond Hill Capital Management Inc. lifted its position in shares of Magnolia Oil & Gas by 210.5% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 414,817 shares of the company’s stock valued at $9,080,000 after buying an additional 281,234 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Magnolia Oil & Gas by 26.6% during the 4th quarter. TD Asset Management Inc now owns 5,671,819 shares of the company’s stock valued at $124,156,000 after buying an additional 1,193,458 shares in the last quarter. Finally, GW&K Investment Management LLC grew its stake in Magnolia Oil & Gas by 14.6% in the 4th quarter. GW&K Investment Management LLC now owns 3,169,496 shares of the company’s stock valued at $69,381,000 after acquiring an additional 404,402 shares during the period. Institutional investors own 94.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Roth Capital cut their price target on shares of Magnolia Oil & Gas from $30.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Truist Financial raised shares of Magnolia Oil & Gas from a “hold” rating to a “buy” rating and increased their price objective for the company from $32.00 to $33.00 in a report on Tuesday. Wells Fargo & Company dropped their target price on shares of Magnolia Oil & Gas from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 13th. Zacks Research cut shares of Magnolia Oil & Gas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Susquehanna upped their price target on shares of Magnolia Oil & Gas from $35.00 to $36.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.50.

View Our Latest Analysis on MGY

Key Magnolia Oil & Gas News

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

Positive Sentiment: The board declared a quarterly dividend of $0.18 per share, payable September 1 to shareholders of record August 10. The payout is approximately 9.1% higher than the previous $0.17 dividend and implies an annualized dividend of $0.72, or roughly a 2.9% yield. Magnolia Oil & Gas Board Declares Previously Announced 9 Percent Dividend Increase
Positive Sentiment: Truist upgraded MGY to “Buy,” citing an upbeat view of the company’s WildFire acquisition. The endorsement suggests the deal could strengthen Magnolia’s operating outlook and shareholder value. Magnolia Oil & Gas raised to Buy at Truist on upbeat view of WildFire acquisition
Positive Sentiment: Zacks Research raised its Q2 2026 EPS forecast to $0.66 from $0.65, while a separate earnings preview highlighted expectations for earnings growth and the potential for a quarterly earnings beat. Magnolia Oil & Gas Earnings Expected to Grow
Neutral Sentiment: A comparison with Topaz Resources reviews valuation, profitability, dividends, institutional ownership, risk and analyst recommendations. The analysis provides context for investors but does not introduce a specific new catalyst for Magnolia. Magnolia Oil & Gas and Topaz Resources Head-To-Head Analysis
Negative Sentiment: Zacks cut its Q3 2027 EPS estimate to $0.58 from $0.64 and its Q2 2028 forecast to $0.55 from $0.56. The reductions could weigh on sentiment about Magnolia’s longer-term earnings trajectory, although Zacks maintains a “Hold” rating.

Magnolia Oil & Gas Price Performance

Magnolia Oil & Gas stock opened at $25.04 on Friday. Magnolia Oil & Gas Corp has a 52-week low of $21.07 and a 52-week high of $32.76. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 14.56 and a beta of 0.70. The company has a fifty day simple moving average of $26.60 and a 200-day simple moving average of $27.53. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.19.

Magnolia Oil & Gas (NYSE:MGY – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Magnolia Oil & Gas had a net margin of 24.40% and a return on equity of 16.28%. The company had revenue of $358.51 million during the quarter, compared to the consensus estimate of $349.89 million. During the same quarter in the prior year, the firm earned $0.54 EPS. Magnolia Oil & Gas’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that Magnolia Oil & Gas Corp will post 2.7 EPS for the current fiscal year.

Magnolia Oil & Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.9%. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, August 10th. Magnolia Oil & Gas’s dividend payout ratio is presently 38.37%.

Magnolia Oil & Gas Profile

(Free Report)

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).