MGY stock icon

Magnolia Oil & Gas
MGY

$25.34
0.67%
 

About: Magnolia Oil & Gas Corp is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid (NGL) reserves. The Company's oil and natural gas properties are located in Karnes County and the Giddings area in South Texas, where the Company targets the Eagle Ford Shale and Austin Chalk formations. Its objective is to generate stock market value over the long term through consistent organic production growth, high full-cycle operating margins, and an efficient capital program with short economic paybacks. The company's operating segment is acquisition, development, exploration, and production of oil and natural gas properties located in the United States.

Employees: 247

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 13 analysts
0
News positive %
of 7 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 4 (+2) [Q1 2024]

63% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 40

41% more call options, than puts

Call options by funds: $6.6M | Put options by funds: $4.69M

38% more capital invested

Capital invested by funds: $4.18B [Q4 2023] → $5.77B (+$1.58B) [Q1 2024]

15.87% more ownership

Funds ownership: 106.06% [Q4 2023] → 121.93% (+15.87%) [Q1 2024]

13% more repeat investments, than reductions

Existing positions increased: 116 | Existing positions reduced: 103

9% more funds holding

Funds holding: 292 [Q4 2023] → 317 (+25) [Q1 2024]

Research analyst outlook

13 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$21
17%
downside
Avg. target
$28
10%
upside
High target
$35
38%
upside

13 analyst ratings

positive
46%
neutral
46%
negative
8%
Capital One
Phillips Johnston
11%upside
$28
Overweight
Initiated
11 Jun 2024
Truist Securities
Neal Dingmann
38%upside
$35
Buy
Maintained
31 May 2024
Mizuho
William Janela
11%upside
$28
Neutral
Maintained
13 May 2024
Susquehanna
Biju Perincheril
22%upside
$31
Positive
Maintained
22 Apr 2024
Piper Sandler
Mark Lear
14%upside
$29
Neutral
Downgraded
19 Apr 2024

Financial journalist opinion

Based on 7 articles about MGY published over the past 30 days