Magnolia Oil & GasMGY
Market Cap: $4.43B
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 Q2 SEC filings by fund managers ($100M+ AUM)
65% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 34
7% more funds holding
Funds holding: 319 [Q1] → 341 (+22) [Q2]
3% more repeat investments, than reductions
Existing positions increased: 125 | Existing positions reduced: 121
4% less capital invested
Capital invested by funds: $5.84B [Q1] → $5.59B (-$253M) [Q2]
1.54% less ownership
Funds ownership: 123.44% [Q1] → 121.9% (-1.54%) [Q2]
18% less call options, than puts
Call options by funds: $4.22M | Put options by funds: $5.12M
25% less funds holding in top 10
Funds holding in top 10: 4 [Q1] → 3 (-1) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Susquehanna Biju Perincheril 44% 1-year accuracy 33 / 75 met price target | 36%upside $32 | Positive Maintained | 4 Sept 2024 |
Piper Sandler Mark Lear 24% 1-year accuracy 17 / 71 met price target | 10%upside $26 | Neutral Maintained | 15 Aug 2024 |
Wells Fargo Hanwen Chang 10% 1-year accuracy 1 / 10 met price target | 10%upside $26 | Equal-Weight Maintained | 5 Aug 2024 |
Truist Securities Neal Dingmann 31% 1-year accuracy 40 / 131 met price target | 48%upside $35 | Buy Maintained | 2 Aug 2024 |
B of A Securities Noah Hungness 45% 1-year accuracy 5 / 11 met price target | 23%upside $29 | Buy Maintained | 23 Jul 2024 |