Magnolia Oil & Gas (MGY)

• Market cap: $4.37B
• 1 day: -1.08%
• 5 days: -9.53%
• 1 month: -17.39%
• 3 months: -11.96%
• 6 months: -8.33%
• Year to date: 6.51%
• 1 year: 6.56%
• 5 years: 84.45%
• 10 years: 128.90%
• Sector: Energy
• Industry: Crude Petroleum & Natural 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)

159% more call options, than puts

Call options by funds: $4.2M | Put options by funds: $1.62M

51% more first-time investments, than exits

New positions opened: 56 | Existing positions closed: 37

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: $5.65B [Q2] → $5.42B (-$222M) [Q3]

5.16% less ownership

Funds ownership: 123.24% [Q2] → 118.08% (-5.16%) [Q3]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $22 4% downside
• Avg. target: $27 17% upside
• High target: $33 44% upside

4 analyst ratings

• positive: 1 25%
• neutral: 2 50%
• negative: 1 25%

Piper Sandler Mark Lear 33% 1-year accuracy 53 / 163 met price target	5% upside $24	Neutral Maintained	17 Dec 2024
Mizuho William Janela 32% 1-year accuracy 8 / 25 met price target	22% upside $28	Neutral Maintained	16 Dec 2024
Truist Securities Neal Dingmann 33% 1-year accuracy 47 / 141 met price target	44% upside $33	Buy Maintained	1 Nov 2024
Wells Fargo Hanwen Chang 33% 1-year accuracy 5 / 15 met price target	4% downside $22	Underweight Downgraded	1 Oct 2024