Argent Capital Management LLC Buys 21,206 Shares of Magnolia Oil & Gas Corp $MGY

Argent Capital Management LLC raised its position in shares of Magnolia Oil & Gas Corp (NYSE:MGY) by 49.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,895 shares of the company’s stock after purchasing an additional 21,206 shares during the period. Argent Capital Management LLC’s holdings in Magnolia Oil & Gas were worth $2,017,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of MGY. Bank of America Corp DE raised its position in shares of Magnolia Oil & Gas by 20.5% in the first quarter. Bank of America Corp DE now owns 3,877,361 shares of the company’s stock valued at $122,408,000 after purchasing an additional 659,012 shares during the period. Edgestream Partners L.P. boosted its holdings in Magnolia Oil & Gas by 45.7% in the 1st quarter. Edgestream Partners L.P. now owns 352,998 shares of the company’s stock worth $11,144,000 after buying an additional 110,677 shares during the period. Janus Henderson Group PLC grew its stake in Magnolia Oil & Gas by 2.8% in the 1st quarter. Janus Henderson Group PLC now owns 6,279,636 shares of the company’s stock valued at $198,248,000 after buying an additional 170,174 shares in the last quarter. California State Teachers Retirement System raised its holdings in Magnolia Oil & Gas by 26.3% during the 1st quarter. California State Teachers Retirement System now owns 211,468 shares of the company’s stock valued at $6,676,000 after acquiring an additional 44,038 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in Magnolia Oil & Gas by 355.4% during the 1st quarter. Quantinno Capital Management LP now owns 135,229 shares of the company’s stock valued at $4,269,000 after acquiring an additional 105,532 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Magnolia Oil & Gas News Summary

Here are the key news stories impacting Magnolia Oil & Gas this week:

• Positive Sentiment: Truist upgraded MGY to “Buy,” citing a favorable outlook for the company’s WildFire acquisition. The upgrade improves the stock’s analyst sentiment and suggests potential benefits from the transaction. Magnolia Oil & Gas raised to Buy at Truist on upbeat view of WildFire acquisition
• Positive Sentiment: Magnolia declared a quarterly dividend of $0.18 per share, payable September 1 to shareholders of record August 10. The payout is a 9.1% increase from $0.17 and represents an annualized yield of approximately 2.9%, enhancing shareholder returns. Magnolia Oil & Gas Board Declares Previously Announced 9 Percent Dividend Increase
• Neutral Sentiment: Zacks Research maintained a “Hold” rating while making mixed adjustments to its forecasts. It raised Q1 2028 EPS to $0.56 from $0.54 and FY2028 EPS to $2.23 from $2.19, but the estimates remain below or near the broader current-year consensus of $2.70 per share.
• Negative Sentiment: Zacks reduced several key earnings forecasts, including Q3 2026 EPS to $0.57 from $0.70, FY2026 EPS to $2.44 from $2.57, FY2027 EPS to $2.30 from $2.48, Q1 2027 EPS to $0.59 from $0.63, Q2 2027 EPS to $0.54 from $0.59, and Q4 2027 EPS to $0.58 from $0.63. These cuts indicate weaker expected profit growth and are a potential headwind for MGY’s valuation.

Magnolia Oil & Gas Price Performance

Magnolia Oil & Gas stock opened at $25.65 on Friday. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 14.92 and a beta of 0.70. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $26.52 and a 200 day simple moving average of $27.52. Magnolia Oil & Gas Corp has a 52 week low of $21.07 and a 52 week high of $32.76.

Magnolia Oil & Gas (NYSE:MGY) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Magnolia Oil & Gas had a return on equity of 16.28% and a net margin of 24.40%.The firm had revenue of $358.51 million during the quarter, compared to the consensus estimate of $349.89 million. During the same quarter last year, the company posted $0.54 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, research analysts forecast that Magnolia Oil & Gas Corp will post 2.79 earnings per share for the current fiscal year.

Magnolia Oil & Gas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be paid a $0.18 dividend. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 10th. Magnolia Oil & Gas’s payout ratio is 38.37%.

Analysts Set New Price Targets

MGY has been the subject of a number of analyst reports. Roth Capital cut their price target on Magnolia Oil & Gas from $30.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Mizuho decreased their price objective on Magnolia Oil & Gas from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Zacks Research cut Magnolia Oil & Gas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. UBS Group cut their target price on 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. Finally, Weiss Ratings cut Magnolia Oil & Gas from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

Magnolia Oil & Gas Company Profile

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).