Capital One Financial Has Negative View of MGY Q1 Earnings

Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) - Investment analysts at Capital One Financial reduced their Q1 2025 EPS estimates for shares of Magnolia Oil & Gas in a research report issued to clients and investors on Tuesday, April 8th. Capital One Financial analyst P. Johnston now forecasts that the company will earn $0.54 per share for the quarter, down from their prior forecast of $0.58. The consensus estimate for Magnolia Oil & Gas' current full-year earnings is $2.10 per share.

Several other equities research analysts have also weighed in on MGY. Piper Sandler increased their price objective on shares of Magnolia Oil & Gas from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Johnson Rice downgraded shares of Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Williams Trading set a $29.00 target price on shares of Magnolia Oil & Gas in a research report on Wednesday, March 5th. Truist Financial lifted their price target on Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a "buy" rating in a report on Monday, January 13th. Finally, Bank of America restated a "neutral" rating and issued a $28.00 target price (down from $29.00) on shares of Magnolia Oil & Gas in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Magnolia Oil & Gas presently has an average rating of "Hold" and a consensus price target of $27.54.

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Magnolia Oil & Gas Stock Performance

Shares of MGY stock traded down $0.11 on Friday, hitting $20.27. 2,152,488 shares of the stock traded hands, compared to its average volume of 2,297,151. The company has a market capitalization of $3.94 billion, a PE ratio of 10.50, a PEG ratio of 3.01 and a beta of 1.57. Magnolia Oil & Gas has a 1-year low of $19.09 and a 1-year high of $29.02. The company's fifty day moving average is $23.38 and its 200 day moving average is $24.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 1.47.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.03. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%. The company had revenue of $326.61 million during the quarter, compared to the consensus estimate of $327.40 million.

Institutional Trading of Magnolia Oil & Gas

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its position in shares of Magnolia Oil & Gas by 16.8% in the first quarter. Farther Finance Advisors LLC now owns 4,366 shares of the company's stock worth $111,000 after acquiring an additional 629 shares in the last quarter. Parallel Advisors LLC boosted its stake in Magnolia Oil & Gas by 122.8% in the 1st quarter. Parallel Advisors LLC now owns 2,308 shares of the company's stock worth $58,000 after purchasing an additional 1,272 shares during the period. GAMMA Investing LLC grew its position in Magnolia Oil & Gas by 2,696.6% during the 1st quarter. GAMMA Investing LLC now owns 63,706 shares of the company's stock worth $1,609,000 after purchasing an additional 61,428 shares in the last quarter. California State Teachers Retirement System raised its stake in Magnolia Oil & Gas by 2.5% during the 4th quarter. California State Teachers Retirement System now owns 166,704 shares of the company's stock valued at $3,898,000 after purchasing an additional 4,004 shares during the period. Finally, Phocas Financial Corp. lifted its holdings in shares of Magnolia Oil & Gas by 2.2% in the fourth quarter. Phocas Financial Corp. now owns 119,349 shares of the company's stock valued at $2,790,000 after purchasing an additional 2,548 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Insider Buying and Selling at Magnolia Oil & Gas

In related news, CEO Christopher G. Stavros bought 2,500 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were bought at an average cost of $22.05 per share, with a total value of $55,125.00. Following the completion of the transaction, the chief executive officer now directly owns 892,372 shares of the company's stock, valued at approximately $19,676,802.60. This trade represents a 0.28 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by corporate insiders.

Magnolia Oil & Gas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.15 dividend. This is a positive change from Magnolia Oil & Gas's previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 14th. This represents a $0.60 annualized dividend and a yield of 2.96%. Magnolia Oil & Gas's payout ratio is 31.09%.

About Magnolia Oil & Gas

Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. It operates assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas. The company was founded on February 14, 2017 and is headquartered in Houston, TX.