Magnolia Oil & Gas (NYSE:MGY) Issues Earnings Results

Posted by Brenda Bartman on Aug 6th, 2026

Magnolia Oil & Gas (NYSE:MGY – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06, FiscalAI reports. The company had revenue of $478.81 million for the quarter, compared to analysts’ expectations of $458.10 million. Magnolia Oil & Gas had a return on equity of 16.28% and a net margin of 24.40%.The firm’s revenue was up 50.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share.

Magnolia Oil & Gas Stock Down 3.4%

NYSE:MGY traded down $0.84 during mid-day trading on Wednesday, reaching $23.73. The stock had a trading volume of 3,664,339 shares, compared to its average volume of 6,820,641. The business’s 50 day moving average is $26.29 and its 200 day moving average is $27.60. Magnolia Oil & Gas has a fifty-two week low of $21.07 and a fifty-two week high of $32.76. The stock has a market cap of $4.39 billion, a P/E ratio of 13.80 and a beta of 0.72. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.10 and a quick ratio of 1.10.

Magnolia Oil & Gas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 10th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost 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 (DPR) is currently 38.37%.

Hedge Funds Weigh In On Magnolia Oil & Gas

Several large investors have recently made changes to their positions in MGY. AQR Capital Management LLC increased its stake in Magnolia Oil & Gas by 77.7% during the first 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Magnolia Oil & Gas by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 103,109 shares of the company’s stock worth $2,605,000 after acquiring an additional 4,512 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Magnolia Oil & Gas by 8.2% during the 1st 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 in the last quarter. Intech Investment Management LLC grew its holdings in shares of Magnolia Oil & Gas by 11.3% during the 1st 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, EverSource Wealth Advisors LLC increased its position in shares of Magnolia Oil & Gas by 165.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the company’s stock valued at $31,000 after purchasing an additional 864 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on MGY shares. Weiss Ratings downgraded shares of Magnolia Oil & Gas from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. KeyCorp reiterated an “overweight” rating on shares of Magnolia Oil & Gas in a research report on Monday, June 29th. UBS Group cut their target price on shares of Magnolia Oil & Gas from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Citigroup decreased their price target on Magnolia Oil & Gas from $35.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $31.50.

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About Magnolia Oil & Gas

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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).