The Manufacturers Life Insurance Company Sells 455,537 Shares of Magnolia Oil & Gas Corp $MGY

Posted by Stanley Muller on Jul 31st, 2026

The Manufacturers Life Insurance Company decreased its holdings in shares of Magnolia Oil & Gas Corp (NYSE:MGY – Free Report) by 22.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,534,372 shares of the company’s stock after selling 455,537 shares during the period. The Manufacturers Life Insurance Company’s holdings in Magnolia Oil & Gas were worth $48,440,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Lido Advisors LLC boosted its stake in shares of Magnolia Oil & Gas by 2.4% during the 4th quarter. Lido Advisors LLC now owns 16,197 shares of the company’s stock worth $382,000 after buying an additional 387 shares during the last quarter. Oak Family Advisors LLC increased its position in shares of Magnolia Oil & Gas by 0.9% in the fourth quarter. Oak Family Advisors LLC now owns 47,620 shares of the company’s stock valued at $1,042,000 after acquiring an additional 410 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Magnolia Oil & Gas by 10.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,624 shares of the company’s stock worth $102,000 after acquiring an additional 422 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in Magnolia Oil & Gas by 3.1% during the third quarter. Coldstream Capital Management Inc. now owns 15,937 shares of the company’s stock worth $380,000 after acquiring an additional 482 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in Magnolia Oil & Gas by 1.6% during the fourth quarter. Stifel Financial Corp now owns 36,980 shares of the company’s stock valued at $809,000 after purchasing an additional 585 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Trending Headlines about Magnolia Oil & Gas

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 Trading Up 0.1%

Shares of NYSE:MGY 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 company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $4.63 billion, a P/E ratio of 14.56 and a beta of 0.70. The company has a 50-day simple moving average of $26.60 and a 200 day simple moving average of $27.53.

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

Magnolia Oil & Gas Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MGY. Wells Fargo & Company decreased their price target on Magnolia Oil & Gas from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 13th. Roth Capital dropped their price objective on Magnolia Oil & Gas from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. 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. Citigroup lowered their target price on shares of Magnolia Oil & Gas from $35.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Finally, UBS Group dropped their price target on shares of Magnolia Oil & Gas from $38.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $31.50.

View Our Latest Stock Analysis on Magnolia Oil & Gas

Magnolia Oil & Gas Company 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).