Magnolia Oil & Gas (NYSE:MGY) Cut to “Hold” at Wall Street Zen

Posted by George Bondi on Oct 20th, 2026

Wall Street Zen cut shares of Magnolia Oil & Gas (NYSE:MGY – Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

A number of other research firms have also weighed in on MGY. Truist Financial boosted their target price on Magnolia Oil & Gas from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. UBS Group set a $35.00 price target on Magnolia Oil & Gas in a research note on Thursday. Citigroup cut their price target on Magnolia Oil & Gas from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Seaport Research Partners began coverage on Magnolia Oil & Gas in a report on Thursday, September 3rd. They set a “neutral” rating for the company. Finally, Weiss Ratings raised shares of Magnolia Oil & Gas from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Magnolia Oil & Gas presently has an average rating of “Moderate Buy” and an average price target of $31.53.

Get Our Latest Analysis on Magnolia Oil & Gas

Magnolia Oil & Gas Trading Up 0.5%

Magnolia Oil & Gas stock opened at $25.48 on Friday. The stock has a 50-day simple moving average of $25.85 and a 200 day simple moving average of $26.95. The stock has a market capitalization of $6.04 billion, a P/E ratio of 10.97 and a beta of 0.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.58 and a current ratio of 1.58. Magnolia Oil & Gas has a 52 week low of $21.07 and a 52 week high of $32.76.

Magnolia Oil & Gas (NYSE:MGY – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.06. The firm had revenue of $478.81 million for the quarter, compared to analyst estimates of $458.10 million. Magnolia Oil & Gas had a return on equity of 21.04% and a net margin of 28.77%. The business’s revenue for the quarter was up 50.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. Analysts expect that Magnolia Oil & Gas will post 2.72 earnings per share for the current year.

Magnolia Oil & Gas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 10th were issued a dividend of $0.18 per share. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.1650. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, August 10th. Magnolia Oil & Gas’s payout ratio is 31.58%.

Insider Activity

In other Magnolia Oil & Gas news, Director David Khani bought 8,000 shares of Magnolia Oil & Gas stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $25.00 per share, with a total value of $200,000.00. Following the completion of the transaction, the director owned 30,622 shares in the company, valued at $765,550. The trade was a 35.36% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.92% of the company’s stock.

Hedge Funds Weigh In On Magnolia Oil & Gas

Several institutional investors and hedge funds have recently modified their holdings of the business. Planning Project LLC acquired a new position in Magnolia Oil & Gas during the second quarter valued at approximately $1,434,000. Janus Henderson Group PLC lifted its stake in Magnolia Oil & Gas by 2.8% during the first quarter. Janus Henderson Group PLC now owns 6,279,636 shares of the company’s stock worth $198,248,000 after purchasing an additional 170,174 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Magnolia Oil & Gas in the 2nd quarter valued at $3,077,000. Y Intercept Hong Kong Ltd boosted its holdings in shares of Magnolia Oil & Gas by 481.9% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 153,445 shares of the company’s stock valued at $4,844,000 after purchasing an additional 127,077 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in shares of Magnolia Oil & Gas by 45.7% in the 1st quarter. Edgestream Partners L.P. now owns 352,998 shares of the company’s stock valued at $11,144,000 after purchasing an additional 110,677 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Magnolia Oil & Gas Company Profile

(Get Free Report)

Magnolia Oil & Gas Corporation (NYSE: MGY) is an independent oil and natural gas exploration and production company focused on developing assets in South Texas. Its operations are concentrated in the Eagle Ford Shale and Austin Chalk formations, where it owns and operates a substantial acreage position.

The company produces crude oil, condensate, natural gas liquids and natural gas. Magnolia uses horizontal drilling and hydraulic fracturing technologies to develop unconventional reserves, with activity primarily centered in the Karnes and Giddings areas of South Texas.

Magnolia Oil & Gas was formed in 2017 through a business combination involving Silver Run Acquisition Corporation II and certain oil and gas assets previously associated with TGP Investments.