Capital One Financial Equities Analysts Increase Earnings Estimates for Magnolia Oil & Gas Co. (NYSE:MGY)

Magnolia Oil & Gas Co. (NYSE:MGY) – Stock analysts at Capital One Financial raised their FY2026 EPS estimates for shares of Magnolia Oil & Gas in a report issued on Wednesday, October 9th. Capital One Financial analyst P. Johnston now forecasts that the company will earn $2.38 per share for the year, up from their previous estimate of $2.37. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $1.99 per share.

A number of other analysts have also issued reports on the stock. Piper Sandler reduced their price target on shares of Magnolia Oil & Gas from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Truist Financial decreased their target price on shares of Magnolia Oil & Gas from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Benchmark reaffirmed a “hold” rating on shares of Magnolia Oil & Gas in a research note on Thursday, July 18th. Wolfe Research started coverage on Magnolia Oil & Gas in a research report on Thursday, July 18th. They set an “outperform” rating and a $32.00 price objective for the company. Finally, Susquehanna dropped their target price on Magnolia Oil & Gas from $33.00 to $32.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.27.

Magnolia Oil & Gas Stock Up 2.1 %

Shares of Magnolia Oil & Gas stock opened at $27.04 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21. Magnolia Oil & Gas has a 1 year low of $19.16 and a 1 year high of $27.63. The stock has a 50-day moving average price of $24.94 and a 200 day moving average price of $25.41. The company has a market cap of $5.48 billion, a P/E ratio of 13.45, a P/E/G ratio of 1.35 and a beta of 1.99.

Magnolia Oil & Gas (NYSE:MGY) last released its earnings results on Wednesday, July 31st. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. Magnolia Oil & Gas had a return on equity of 21.18% and a net margin of 29.44%. The company had revenue of $336.73 million during the quarter, compared to analyst estimates of $340.72 million.

Hedge Funds Weigh In On Magnolia Oil & Gas

A number of institutional investors have recently made changes to their positions in MGY. Creative Planning grew its holdings in Magnolia Oil & Gas by 8.3% in the 3rd quarter. Creative Planning now owns 68,878 shares of the company’s stock valued at $1,682,000 after buying an additional 5,289 shares during the last quarter. Oliver Luxxe Assets LLC boosted its position in shares of Magnolia Oil & Gas by 80.6% in the third quarter. Oliver Luxxe Assets LLC now owns 87,624 shares of the company’s stock valued at $2,140,000 after acquiring an additional 39,098 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Magnolia Oil & Gas in the third quarter worth $846,000. GAMMA Investing LLC increased its position in Magnolia Oil & Gas by 62.4% during the third quarter. GAMMA Investing LLC now owns 2,609 shares of the company’s stock worth $64,000 after acquiring an additional 1,002 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Magnolia Oil & Gas during the second quarter worth $428,000. 94.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Magnolia Oil & Gas

In other news, Director Ltd. Enervest sold 7,000,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $25.86, for a total value of $181,020,000.00. Following the completion of the sale, the director now directly owns 2,099,403 shares in the company, valued at approximately $54,290,561.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Magnolia Oil & Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were given a dividend of $0.13 per share. The ex-dividend date was Friday, August 9th. This represents a $0.52 dividend on an annualized basis and a yield of 1.92%. Magnolia Oil & Gas’s payout ratio is currently 25.87%.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings area in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation.