KeyCorp Increases Earnings Estimates for Magnolia Oil & Gas

Magnolia Oil & Gas Corp (NYSE:MGY) – Equities researchers at KeyCorp lifted their Q3 2026 earnings per share estimates for shares of Magnolia Oil & Gas in a note issued to investors on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now expects that the company will post earnings per share of $0.94 for the quarter, up from their previous forecast of $0.86. KeyCorp has a “Overweight” rating and a $38.00 price target on the stock. The consensus estimate for Magnolia Oil & Gas’ current full-year earnings is $2.82 per share. KeyCorp also issued estimates for Magnolia Oil & Gas’ Q4 2026 earnings at $0.83 EPS and FY2026 earnings at $3.30 EPS.

A number of other equities research analysts have also issued reports on the stock. Siebert Williams Shank lowered shares of Magnolia Oil & Gas from a “buy” rating to a “hold” rating in a report on Friday, March 6th. Truist Financial upped their price objective on shares of Magnolia Oil & Gas from $33.00 to $34.00 and gave the company a “hold” rating in a research note on Monday, April 27th. UBS Group increased their target price on shares of Magnolia Oil & Gas from $29.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Citigroup reduced their price target on Magnolia Oil & Gas from $35.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Finally, The Goldman Sachs Group upped their price target on Magnolia Oil & Gas from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, February 11th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $31.42.

Magnolia Oil & Gas Stock Up 0.0%

Shares of NYSE MGY opened at $27.52 on Monday. The firm’s fifty day moving average is $29.32 and its 200 day moving average is $26.50. Magnolia Oil & Gas has a 52 week low of $21.07 and a 52 week high of $32.76. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.19. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 16.00 and a beta of 0.71.

Magnolia Oil & Gas (NYSE:MGY) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. The firm had revenue of $358.51 million during the quarter, compared to the consensus estimate of $349.89 million. Magnolia Oil & Gas had a return on equity of 16.28% and a net margin of 24.40%.The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 earnings per share.

Magnolia Oil & Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 2.4%. Magnolia Oil & Gas’s dividend payout ratio is currently 38.37%.

Insider Activity at Magnolia Oil & Gas

In related news, Director Edward P. Djerejian sold 18,000 shares of Magnolia Oil & Gas stock in a transaction that occurred 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 in the company, valued at $3,200,116.50. The trade was a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.92% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Magnolia Oil & Gas

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its stake 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in Magnolia Oil & Gas by 5.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,028,781 shares of the company’s stock worth $221,910,000 after acquiring an additional 394,419 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Magnolia Oil & Gas by 2.8% in the first quarter. Janus Henderson Group PLC now owns 6,279,636 shares of the company’s stock worth $198,248,000 after purchasing an additional 170,174 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Magnolia Oil & Gas by 790.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,263,808 shares of the company’s stock worth $197,748,000 after purchasing an additional 5,560,619 shares during the period. Finally, TD Asset Management Inc increased its stake 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 in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Magnolia Oil & Gas Company Profile

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).