Magnolia Oil & Gas (NYSE:MGY) Shares Gap Down – Here’s What Happened

Posted by Stanley Muller on Jul 23rd, 2026

Magnolia Oil & Gas Corp (NYSE:MGY – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $25.53, but opened at $24.13. Magnolia Oil & Gas shares last traded at $24.6350, with a volume of 11,061,935 shares trading hands.

Analyst Upgrades and Downgrades

MGY has been the topic of a number of recent research reports. Zacks Research cut shares of Magnolia Oil & Gas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Wells Fargo & Company lowered their target price on shares of Magnolia Oil & Gas from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, May 13th. Weiss Ratings lowered shares of Magnolia Oil & Gas from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Mizuho dropped their price target on Magnolia Oil & Gas from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Susquehanna upped their price target on Magnolia Oil & Gas from $35.00 to $36.00 and gave the stock a “positive” rating in a research note on Tuesday. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Magnolia Oil & Gas presently has an average rating of “Hold” and a consensus target price of $31.58.

Check Out Our Latest Stock Analysis on Magnolia Oil & Gas

Magnolia Oil & Gas Trading Up 2.1%

The company has a market cap of $4.74 billion, a P/E ratio of 14.90 and a beta of 0.70. The stock’s 50 day moving average is $27.17 and its 200-day moving average is $27.41. 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 announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $358.51 million for the quarter, compared to the consensus estimate of $349.89 million. Magnolia Oil & Gas had a net margin of 24.40% and a return on equity of 16.28%. Magnolia Oil & Gas’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. Research analysts anticipate that Magnolia Oil & Gas Corp will post 2.7 earnings per share for the current fiscal year.

Magnolia Oil & Gas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.6%. Magnolia Oil & Gas’s dividend payout ratio is presently 38.37%.

Institutional Investors Weigh In On Magnolia Oil & Gas

Several institutional investors and hedge funds have recently made changes to their positions in MGY. Lido Advisors LLC boosted its position in shares of Magnolia Oil & Gas by 2.4% during the fourth quarter. Lido Advisors LLC now owns 16,197 shares of the company’s stock valued at $382,000 after buying an additional 387 shares during the last quarter. Oak Family Advisors LLC raised its position in Magnolia Oil & Gas by 0.9% in the 4th quarter. Oak Family Advisors LLC now owns 47,620 shares of the company’s stock worth $1,042,000 after buying an additional 410 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Magnolia Oil & Gas by 10.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,624 shares of the company’s stock worth $102,000 after buying an additional 422 shares during the last quarter. GAMMA Investing LLC lifted its stake in Magnolia Oil & Gas by 8.0% during the 4th quarter. GAMMA Investing LLC now owns 6,130 shares of the company’s stock valued at $134,000 after acquiring an additional 453 shares during the period. Finally, Coldstream Capital Management Inc. lifted its stake in Magnolia Oil & Gas by 3.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 15,937 shares of the company’s stock valued at $380,000 after acquiring an additional 482 shares during the period. Institutional investors own 94.73% of the company’s stock.

About Magnolia Oil & Gas

(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).