HITE Hedge Asset Management LLC Buys New Position in Magnolia Oil & Gas Corp $MGY

HITE Hedge Asset Management LLC bought a new stake in Magnolia Oil & Gas Corp (NYSE:MGY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 190,981 shares of the company’s stock, valued at approximately $4,559,000. HITE Hedge Asset Management LLC owned approximately 0.10% of Magnolia Oil & Gas as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of MGY. AQR Capital Management LLC grew its stake in shares of Magnolia Oil & Gas by 77.7% during the 1st quarter. AQR Capital Management LLC now owns 56,346 shares of the company’s stock worth $1,423,000 after acquiring an additional 24,631 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Magnolia Oil & Gas by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 103,109 shares of the company’s stock worth $2,605,000 after purchasing an additional 4,512 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Magnolia Oil & Gas by 8.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 242,880 shares of the company’s stock worth $6,135,000 after purchasing an additional 18,447 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Magnolia Oil & Gas by 11.3% during the first quarter. Intech Investment Management LLC now owns 68,814 shares of the company’s stock worth $1,738,000 after purchasing an additional 7,008 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Magnolia Oil & Gas by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 1,737,475 shares of the company’s stock worth $39,058,000 after purchasing an additional 14,248 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insiders Place Their Bets

In other Magnolia Oil & Gas news, Director Edward P. Djerejian sold 18,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $28.98, for a total value of $521,640.00. Following the sale, the director owned 110,425 shares in the company, valued at $3,200,116.50. This represents a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dan F. Smith sold 18,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $29.01, for a total value of $522,180.00. Following the completion of the sale, the director owned 119,204 shares in the company, valued at $3,458,108.04. This represents a 13.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 338,954 shares of company stock worth $9,911,733 in the last three months. Insiders own 1.20% of the company’s stock.

Key Stories Impacting Magnolia Oil & Gas

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

• Positive Sentiment: Piper Sandler raised its price target to $31 (neutral rating), implying roughly 7% upside from current levels — supports valuation upside. Read More.
• Positive Sentiment: Clear Street (reported via MSN) published a bullish note on MGY, adding third‑party demand-side support for the name. Read More.
• Positive Sentiment: Company raised its quarterly dividend to $0.165 (annualized $0.66, ~2.3% yield) and recently paid it — signals cash-return priority that can support the share price over time. Read More.
• Neutral Sentiment: Latest quarter: EPS $0.37 beat consensus by $0.01 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%) and several large funds increased stakes recently — can reduce free float and amplify moves when insiders or analysts act. Read More.
• Negative Sentiment: CEO Christopher G. Stavros sold 119,954 shares at about $29.29 (~$3.51M), trimming his holding ~12% — a large CEO sale can dent investor conviction. Read More.
• Negative Sentiment: EVP Timothy D. Yang sold 150,000 shares at ~ $29.29 (~$4.39M), reducing his stake by ~22% — simultaneous senior‑exec sales amplify concern. Read More.
• Negative Sentiment: CFO Brian Corales sold 33,000 shares (~$961K) and directors Dan F. Smith and Edward P. Djerejian each sold 18,000 shares — multiple insider sales in the same window can pressure sentiment even if for personal reasons. Read More. | Read More. | Read More.

Magnolia Oil & Gas Price Performance

Shares of MGY opened at $28.94 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $25.60 and its 200 day simple moving average is $24.02. Magnolia Oil & Gas Corp has a 1-year low of $19.09 and a 1-year high of $29.74. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 16.82 and a beta of 0.89.

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

Magnolia Oil & Gas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were paid a $0.165 dividend. This is an increase from Magnolia Oil & Gas’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, February 10th. This represents a $0.66 annualized dividend and a yield of 2.3%. Magnolia Oil & Gas’s dividend payout ratio (DPR) is 38.37%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MGY. Roth Mkm reaffirmed a “buy” rating on shares of Magnolia Oil & Gas in a research report on Tuesday, February 10th. KeyCorp increased their price objective on shares of Magnolia Oil & Gas from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Piper Sandler raised their price objective on Magnolia Oil & Gas from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday. BMO Capital Markets initiated coverage on Magnolia Oil & Gas in a research report on Friday, January 9th. They issued an “outperform” rating and a $27.00 target price on the stock. Finally, The Goldman Sachs Group upped their target price on Magnolia Oil & Gas from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $28.90.

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).