Zacks Research Downgrades Magnolia Oil & Gas (NYSE:MGY) to Hold

Posted by Brian Himes on May 21st, 2026

Magnolia Oil & Gas (NYSE:MGY – Get Free Report) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

MGY has been the topic of a number of other reports. Benchmark restated a “hold” rating on shares of Magnolia Oil & Gas in a research note on Wednesday, January 21st. Roth Mkm restated a “neutral” rating and issued a $32.00 price target (up from $29.00) on shares of Magnolia Oil & Gas in a research note on Wednesday, April 8th. Susquehanna dropped their price target on Magnolia Oil & Gas from $30.00 to $28.00 and set a “positive” rating on the stock in a research note on Monday, January 26th. Piper Sandler raised their price target on Magnolia Oil & Gas from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Finally, KeyCorp raised their price target on Magnolia Oil & Gas from $30.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.00.

Check Out Our Latest Report on MGY

Magnolia Oil & Gas Stock Down 1.5%

Magnolia Oil & Gas stock opened at $29.72 on Tuesday. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 17.28 and a beta of 0.75. The stock has a fifty day simple moving average of $29.78 and a two-hundred day simple moving average of $26.01. Magnolia Oil & Gas has a 12 month low of $21.07 and a 12 month high of $32.76. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19.

Magnolia Oil & Gas (NYSE:MGY – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $358.51 million during the quarter, compared to analyst estimates of $349.89 million. Magnolia Oil & Gas had a return on equity of 16.28% and a net margin of 24.40%.The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. Equities analysts predict that Magnolia Oil & Gas will post 2.91 EPS for the current fiscal year.

Insider Activity at Magnolia Oil & Gas

In related news, Director Edward P. Djerejian sold 18,000 shares of Magnolia Oil & Gas stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $28.98, for a total transaction of $521,640.00. Following the transaction, the director directly owned 110,425 shares in the company, valued at approximately $3,200,116.50. The trade was a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher G. Stavros sold 119,954 shares of Magnolia Oil & Gas stock in a transaction on Monday, March 9th. The shares were sold at an average price of $29.29, for a total value of $3,513,452.66. Following the transaction, the chief executive officer owned 883,592 shares in the company, valued at $25,880,409.68. This trade represents a 11.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 338,954 shares of company stock valued at $9,911,733 in the last ninety days. Corporate insiders own 0.92% of the company’s stock.

Hedge Funds Weigh In On Magnolia Oil & Gas

Institutional investors and hedge funds have recently bought and sold shares of the stock. Valued Wealth Advisors LLC purchased a new position in Magnolia Oil & Gas during the first quarter valued at $29,000. Salomon & Ludwin LLC lifted its position in Magnolia Oil & Gas by 130.1% during the fourth quarter. Salomon & Ludwin LLC now owns 1,344 shares of the company’s stock valued at $29,000 after purchasing an additional 760 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in 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 in the last quarter. Torren Management LLC purchased a new position in Magnolia Oil & Gas during the fourth quarter valued at $38,000. Finally, Parallel Advisors LLC lifted its position in Magnolia Oil & Gas by 79.8% during the fourth quarter. Parallel Advisors LLC now owns 1,769 shares of the company’s stock valued at $39,000 after purchasing an additional 785 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Magnolia Oil & Gas Company Profile

(Get 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).