Key Points
- CEO Christopher Stavros sold 119,954 shares at an average price of $29.29 on March 9 for about $3.51M, reducing his direct stake by roughly 11.95% to 883,592 shares.
- Multiple other senior insiders—including the EVP, CFO and two directors—also sold sizeable positions the same period, a pattern that may raise investor concern about insider conviction despite possible personal/diversification reasons.
- Company fundamentals: Magnolia slightly beat quarterly EPS expectations ($0.37 vs. $0.36), raised its quarterly dividend to $0.165 (annualized $0.66, ~2.3% yield), and trades with a market cap around $5.4B and a consensus price target near $28.18.
Magnolia Oil & Gas Corp (NYSE:MGY - Get Free Report) Director Edward Djerejian sold 18,000 shares of the company's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $28.98, for a total value of $521,640.00. Following the completion of the transaction, the director directly owned 110,425 shares in the company, valued at approximately $3,200,116.50. The trade was a 14.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Magnolia Oil & Gas Stock Down 0.5%
Shares of Magnolia Oil & Gas stock traded down $0.16 during trading on Thursday, hitting $28.91. 107,705 shares of the stock traded hands, compared to its average volume of 3,126,413. The stock has a market cap of $5.39 billion, a P/E ratio of 16.78 and a beta of 0.89. The company has a fifty day moving average price of $25.45 and a two-hundred day moving average price of $23.99. Magnolia Oil & Gas Corp has a twelve month low of $19.09 and a twelve month high of $29.74. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.54 and a current ratio of 1.54.
Magnolia Oil & Gas (NYSE:MGY - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The firm had revenue of $317.63 million for the quarter, compared to the consensus estimate of $322.18 million. Magnolia Oil & Gas had a return on equity of 16.67% and a net margin of 24.79%.The firm's revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 earnings per share. Equities research analysts predict that Magnolia Oil & Gas Corp will post 2.1 EPS for the current fiscal year.
Magnolia Oil & Gas Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, February 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Magnolia Oil & Gas's previous quarterly dividend of $0.15. Magnolia Oil & Gas's payout ratio is 38.37%.
Trending Headlines about Magnolia Oil & Gas
Here are the key news stories impacting Magnolia Oil & Gas this week:
- Positive Sentiment: Company raised its quarterly dividend to $0.165 (annualized $0.66, ~2.3% yield) and paid the dividend on March 2nd — supports income investors and signals cash-return priority. Read More.
- Positive Sentiment: UBS raised its price target from $29 to $35 and maintained a Buy rating (Mar 5), boosting upside expectations from at least one major broker. Read More.
- Neutral Sentiment: Latest quarter: EPS $0.37 vs. consensus $0.36 (small beat) but revenue modestly missed and was down 2.8% y/y — mixed operational results that provide limited immediate catalyst. Read More.
- Neutral Sentiment: Institutional ownership is very high (~94.7%), which can reduce float liquidity and make share moves sharper on concentrated trades or news. Read More.
- Negative Sentiment: CEO Christopher G. Stavros sold 119,954 shares at ~$29.29 (~$3.51M), reducing his holding by ~12% — large CEO sale can undermine near-term insider-conviction perception. Read More.
- Negative Sentiment: EVP Timothy D. Yang sold 150,000 shares at ~$29.29 (~$4.39M), trimming his stake by ~22% — simultaneous senior-exec selling amplifies investor concern about insider outlook or rebalancing. Read More.
- Negative Sentiment: CFO Brian Corales sold 33,000 shares at ~$29.12 (~$961K), a ~15% reduction — CFO sales often attract attention because of their operational visibility. Read More.
- Negative Sentiment: Directors Dan F. Smith and Edward P. Djerejian each sold 18,000 shares (~$522K each), cutting holdings by ~13–14% — multiple board-level sales on close dates can amplify negative sentiment even if for personal reasons. Read More. | Read More.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Wells Fargo & Company set a $25.00 target price on shares of Magnolia Oil & Gas in a research report on Monday, February 16th. KeyCorp upped their price target on Magnolia Oil & Gas from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Monday, February 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Magnolia Oil & Gas in a report on Thursday, January 22nd. Susquehanna cut their price objective on Magnolia Oil & Gas from $30.00 to $28.00 and set a "positive" rating on the stock in a research note on Monday, January 26th. Finally, Zacks Research raised Magnolia Oil & Gas from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 11th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $28.18.
Get Our Latest Analysis on MGY
Institutional Investors Weigh In On Magnolia Oil & Gas
Several hedge funds have recently made changes to their positions in MGY. American Century Companies Inc. increased its stake in Magnolia Oil & Gas by 12.9% during the second quarter. American Century Companies Inc. now owns 11,861,231 shares of the company's stock valued at $266,641,000 after acquiring an additional 1,358,878 shares during the period. State Street Corp lifted its position in shares of Magnolia Oil & Gas by 1.4% in the 4th quarter. State Street Corp now owns 8,800,807 shares of the company's stock worth $192,650,000 after acquiring an additional 125,707 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Magnolia Oil & Gas by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,634,362 shares of the company's stock worth $145,230,000 after purchasing an additional 264,649 shares in the last quarter. TD Asset Management Inc increased its position in shares of Magnolia Oil & Gas by 26.6% during the fourth quarter. TD Asset Management Inc now owns 5,671,819 shares of the company's stock valued at $124,156,000 after purchasing an additional 1,193,458 shares during the period. Finally, Epoch Investment Partners Inc. increased its position in shares of Magnolia Oil & Gas by 28.8% during the fourth quarter. Epoch Investment Partners Inc. now owns 5,330,064 shares of the company's stock valued at $116,675,000 after purchasing an additional 1,191,438 shares during the period. Institutional investors own 94.73% of the company's stock.
Magnolia Oil & Gas Company Profile
(
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).
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