Piper Sandler Increases Magnolia Oil & Gas (NYSE:MGY) Price Target to $31.00

Magnolia Oil & Gas (NYSE:MGY) had its price objective upped by research analysts at Piper Sandler from $28.00 to $31.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 6.10% from the stock’s current price.

Several other research firms have also recently commented on MGY. BMO Capital Markets assumed coverage on shares of Magnolia Oil & Gas in a research note on Friday, January 9th. They set an “outperform” rating and a $27.00 target price on the stock. Benchmark reaffirmed a “hold” rating on shares of Magnolia Oil & Gas in a research note on Wednesday, January 21st. Wells Fargo & Company set a $25.00 price objective on shares of Magnolia Oil & Gas in a report on Monday, February 16th. Citigroup raised their price objective on shares of Magnolia Oil & Gas from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Finally, Zacks Research upgraded Magnolia Oil & Gas from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $28.45.

Magnolia Oil & Gas Stock Performance

NYSE MGY traded up $0.15 on Thursday, hitting $29.22. The stock had a trading volume of 1,174,382 shares, compared to its average volume of 3,146,707. Magnolia Oil & Gas has a one year low of $19.09 and a one year high of $29.74. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.20. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 16.98 and a beta of 0.89. The company’s 50-day moving average is $25.45 and its two-hundred day moving average is $23.99.

Magnolia Oil & Gas (NYSE:MGY) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $317.63 million for the quarter, compared to analysts’ expectations of $322.18 million. Magnolia Oil & Gas had a return on equity of 16.67% and a net margin of 24.79%.The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. On average, analysts expect that Magnolia Oil & Gas will post 2.1 earnings per share for the current year.

Insider Activity at Magnolia Oil & Gas

In other news, Director Edward P. Djerejian sold 18,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $28.98, for a total transaction of $521,640.00. Following the sale, the director directly owned 110,425 shares of the company’s stock, valued at $3,200,116.50. The trade was a 14.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian Corales sold 33,000 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $29.12, for a total value of $960,960.00. Following the sale, the chief financial officer directly owned 184,178 shares of the company’s stock, valued at approximately $5,363,263.36. This represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 338,954 shares of company stock worth $9,911,733. 1.20% of the stock is owned by corporate insiders.

Institutional Trading of Magnolia Oil & Gas

Several institutional investors and hedge funds have recently bought and sold shares of MGY. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Magnolia Oil & Gas by 236.2% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,190 shares of the company’s stock worth $27,000 after buying an additional 836 shares during the period. Mather Group LLC. acquired a new stake in shares of Magnolia Oil & Gas during the third quarter valued at approximately $31,000. Salomon & Ludwin LLC lifted its position in shares of Magnolia Oil & Gas by 130.1% in the 4th quarter. Salomon & Ludwin LLC now owns 1,344 shares of the company’s stock valued at $29,000 after acquiring an additional 760 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Magnolia Oil & Gas by 165.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the company’s stock valued at $31,000 after acquiring an additional 864 shares in the last quarter. Finally, Torren Management LLC acquired a new position in Magnolia Oil & Gas in the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Magnolia Oil & Gas News Roundup

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

• Positive Sentiment: Broker support: Clear Street published a bullish note on MGY, adding upside analyst attention that can help lift investor sentiment. Clear Street is Bullish on Magnolia Oil & Gas Corporation (MGY)
• Positive Sentiment: Dividend raise: Magnolia increased its quarterly dividend to $0.165 (annualized $0.66, ~2.3% yield), paid March 2 — supports income-focused holders and signals management is returning cash to shareholders. MarketBeat: MGY dividend and company update
• Neutral Sentiment: Mixed quarterly results: MGY posted $0.37 EPS vs. $0.36 consensus (small beat) but revenue missed and was down ~2.8% year-over-year — a mixed operational read that offers limited immediate catalyst. MarketBeat: Quarterly results
• Neutral Sentiment: Analyst/ownership context: Analyst coverage is split (Buy vs. Hold mix; consensus target near $28.18) and institutional ownership is very high (~95%), which can both amplify moves and limit float liquidity. MarketBeat: Analyst and ownership summary
• Negative Sentiment: CEO sale: CEO Christopher G. Stavros sold 119,954 shares at ~\$29.29 (~\$3.51M); his holding fell about 12% — a large insider sale that can raise short-term concern about insider conviction. CEO Form 4 (SEC)
• Negative Sentiment: Senior exec sales: EVP Timothy D. Yang sold 150,000 shares (~\$4.39M; ~22% reduction) and CFO Brian Corales sold 33,000 shares (~\$961K; ~15% reduction) — simultaneous sales by top executives amplify investor caution. EVP Form 4 (SEC) CFO Form 4 (SEC)
• Negative Sentiment: Director sales: Directors Dan F. Smith and Edward P. Djerejian each sold 18,000 shares (~\$522K each), trimming positions by ~13–14% — multiple board-level sales on similar dates can magnify negative market reaction. Director Form 4 (SEC) InsiderTrades: Djerejian sale

About Magnolia Oil & Gas

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).