Magnolia Oil & Gas
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
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
103% more call options, than puts
Call options by funds: $4.38M | Put options by funds: $2.15M
70% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 33
6% more funds holding
Funds holding: 343 [Q2] → 362 (+19) [Q3]
8% more repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 126
4% less capital invested
Capital invested by funds: $5.67B [Q2] → $5.44B (-$224M) [Q3]
5.19% less ownership
Funds ownership: 123.65% [Q2] → 118.46% (-5.19%) [Q3]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Goldman Sachs Umang Choudhary 25% 1-year accuracy 1 / 4 met price target | 14%upside $26 | Neutral Downgraded | 31 Jan 2025 |
Piper Sandler Mark Lear 44% 1-year accuracy 77 / 176 met price target | 14%upside $26 | Neutral Maintained | 29 Jan 2025 |
Truist Securities Neal Dingmann 35% 1-year accuracy 55 / 156 met price target | 49%upside $34 | Buy Maintained | 13 Jan 2025 |
B of A Securities Noah Hungness 33% 1-year accuracy 4 / 12 met price target | 23%upside $28 | Neutral Downgraded | 13 Jan 2025 |
Mizuho William Janela 40% 1-year accuracy 10 / 25 met price target | 23%upside $28 | Neutral Maintained | 16 Dec 2024 |
Financial journalist opinion
Based on 3 articles about MGY published over the past 30 days









