Capital One Financial Comments on MGY FY2026 Earnings

Magnolia Oil & Gas Co. (NYSE:MGY - Free Report) - Research analysts at Capital One Financial raised their FY2026 earnings per share (EPS) estimates for shares of Magnolia Oil & Gas in a note issued to investors on Thursday, March 20th. Capital One Financial analyst P. Johnston now anticipates that the company will earn $2.51 per share for the year, up from their previous forecast of $2.45. The consensus estimate for Magnolia Oil & Gas' current full-year earnings is $2.10 per share.

Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.03. The firm had revenue of $326.61 million for the quarter, compared to analysts' expectations of $327.40 million. Magnolia Oil & Gas had a return on equity of 20.74% and a net margin of 27.82%.

A number of other equities research analysts have also issued reports on MGY. Bank of America reissued a "neutral" rating and set a $28.00 price objective (down from $29.00) on shares of Magnolia Oil & Gas in a research report on Monday, January 13th. Williams Trading set a $29.00 price target on shares of Magnolia Oil & Gas in a report on Wednesday, March 5th. Truist Financial raised their price objective on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a "buy" rating in a report on Monday, January 13th. Johnson Rice downgraded shares of Magnolia Oil & Gas from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Piper Sandler increased their target price on Magnolia Oil & Gas from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Two research 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. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $27.77.

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Magnolia Oil & Gas Trading Down 0.9 %

Shares of MGY traded down $0.23 during midday trading on Monday, hitting $25.37. 2,370,619 shares of the stock were exchanged, compared to its average volume of 2,168,172. The stock has a fifty day simple moving average of $24.13 and a 200 day simple moving average of $25.05. Magnolia Oil & Gas has a 52-week low of $21.63 and a 52-week high of $29.02. The firm has a market cap of $4.93 billion, a P/E ratio of 13.15, a P/E/G ratio of 3.01 and a beta of 1.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.42.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Natixis Advisors LLC raised its stake in shares of Magnolia Oil & Gas by 3.5% during the 3rd quarter. Natixis Advisors LLC now owns 96,936 shares of the company's stock worth $2,367,000 after buying an additional 3,238 shares during the last quarter. Pathstone Holdings LLC raised its position in Magnolia Oil & Gas by 17.0% during the third quarter. Pathstone Holdings LLC now owns 197,289 shares of the company's stock worth $4,818,000 after acquiring an additional 28,677 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Magnolia Oil & Gas by 1.0% in the third quarter. PNC Financial Services Group Inc. now owns 52,834 shares of the company's stock valued at $1,290,000 after purchasing an additional 548 shares in the last quarter. Jennison Associates LLC grew its position in shares of Magnolia Oil & Gas by 2.2% in the third quarter. Jennison Associates LLC now owns 23,836 shares of the company's stock valued at $582,000 after purchasing an additional 506 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of Magnolia Oil & Gas by 196.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 6,096 shares of the company's stock worth $149,000 after purchasing an additional 4,041 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Magnolia Oil & Gas news, CEO Christopher G. Stavros bought 2,500 shares of the company's stock in a transaction on Monday, March 3rd. The shares were bought at an average price of $22.05 per share, for a total transaction of $55,125.00. Following the transaction, the chief executive officer now 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.20% of the stock is owned by insiders.

Magnolia Oil & Gas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $0.15 dividend. This is an increase from Magnolia Oil & Gas's previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Friday, February 14th. Magnolia Oil & Gas's dividend payout ratio (DPR) is 31.09%.

Magnolia Oil & Gas Company Profile

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.