Magnolia Oil & Gas Corporation engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. The company's properties are located primarily in Karnes County and the Giddings Field in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation. As of December 31, 2020, its assets consisted of a total leasehold position of 460,398 net acres, including 23,513 net acres in Karnes, Gonzales, DeWitt, and Atascosa counties, Texas; 436,885 net acres in the Giddings Field located in Austin, Brazos, Burleson, Fayette, Lee, Grimes, Montgomery, and Washington Counties, Texas; and approximately 1,160 net wells with a total production capacity of 61.8 thousand barrels of oil equivalent per day. The company is headquartered in Houston, Texas.
IPO Year: 2017
Exchange: NYSE
Website: magnoliaoilgas.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/22/2025 | $26.00 | Buy | UBS |
| 1/31/2025 | $27.00 → $26.00 | Buy → Neutral | Goldman |
| 1/13/2025 | $29.00 → $28.00 | Buy → Neutral | BofA Securities |
| 10/15/2024 | $30.00 | Buy → Hold | Siebert Williams Shank |
| 10/1/2024 | $26.00 → $22.00 | Equal Weight → Underweight | Wells Fargo |
| 7/18/2024 | $32.00 | Outperform | Wolfe Research |
| 4/19/2024 | $29.00 | Overweight → Neutral | Piper Sandler |
| 2/27/2024 | $25.00 | Buy | BofA Securities |
| 12/11/2023 | $24.00 → $18.00 | Neutral → Sell | Citigroup |
| 11/15/2023 | $23.00 | Equal Weight | Wells Fargo |
10-Q - Magnolia Oil & Gas Corp (0001698990) (Filer)
8-K - Magnolia Oil & Gas Corp (0001698990) (Filer)
8-K - Magnolia Oil & Gas Corp (0001698990) (Filer)
10-Q - Magnolia Oil & Gas Corp (0001698990) (Filer)
8-K - Magnolia Oil & Gas Corp (0001698990) (Filer)
SCHEDULE 13G/A - Magnolia Oil & Gas Corp (0001698990) (Subject)
DEFA14A - Magnolia Oil & Gas Corp (0001698990) (Filer)
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SCHEDULE 13G/A - Magnolia Oil & Gas Corp (0001698990) (Subject)
10-K - Magnolia Oil & Gas Corp (0001698990) (Filer)
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UBS initiated coverage of Magnolia Oil & Gas with a rating of Buy and set a new price target of $26.00
Goldman downgraded Magnolia Oil & Gas from Buy to Neutral and set a new price target of $26.00 from $27.00 previously
BofA Securities downgraded Magnolia Oil & Gas from Buy to Neutral and set a new price target of $28.00 from $29.00 previously
Siebert Williams Shank downgraded Magnolia Oil & Gas from Buy to Hold and set a new price target of $30.00
Wells Fargo downgraded Magnolia Oil & Gas from Equal Weight to Underweight and set a new price target of $22.00 from $26.00 previously
Wolfe Research initiated coverage of Magnolia Oil & Gas with a rating of Outperform and set a new price target of $32.00
Piper Sandler downgraded Magnolia Oil & Gas from Overweight to Neutral and set a new price target of $29.00
BofA Securities initiated coverage of Magnolia Oil & Gas with a rating of Buy and set a new price target of $25.00
Citigroup downgraded Magnolia Oil & Gas from Neutral to Sell and set a new price target of $18.00 from $24.00 previously
Wells Fargo initiated coverage of Magnolia Oil & Gas with a rating of Equal Weight and set a new price target of $23.00
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Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced its financial and operational results for the second quarter of 2025. Second Quarter 2025 Highlights: (In millions, except per share data) For the Quarter Ended June 30, 2025 For the Quarter Ended June 30, 2024 Percentage increase (decrease) Net income $ 81.0 $ 105.1 (23 )% Adjusted net income(1) $ 80.9 $ 104.3 (22 )% Earnings per share - diluted $ 0.41 $ 0.51 (20 )% Adjusted EBITDAX(1) $ 223.2 $
Magnolia Oil & Gas Corporation (NYSE:MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of Class A common stock, and a cash distribution of $0.15 per Class B unit, payable on September 2, 2025, to shareholders of record as of August 11, 2025. Magnolia has distributed cash dividends to its shareholders since 2021 and has consistently grown its dividend per share payout each year. About Magnolia Oil & Gas Magnolia (MGY) is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for sh
Magnolia Oil & Gas Corporation (NYSE:MGY) will host a conference call and webcast to discuss operational and financial results for the second quarter 2025 on Thursday, July 31st at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Join the webcast by visiting Magnolia's website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia's second quarter 2025 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following the call. About Magnolia Oil & Ga
Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced its financial and operational results for the first quarter of 2025. First Quarter 2025 Highlights: (In millions, except per share data) For the Quarter Ended March 31, 2025 For the Quarter Ended March 31, 2024 Percentage increase (decrease) Net income $ 106.6 $ 97.6 9 % Adjusted net income(1) $ 105.6 $ 101.0 5 % Earnings per share - diluted $ 0.54 $ 0.46 17 % Adjusted EBITDAX(1) $ 248.4 $ 227.8 9 % Capital expenditures - D&C $ 130.4 $ 1
Magnolia Oil & Gas Corporation (NYSE:MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of Class A common stock, and a cash distribution of $0.15 per Class B unit, payable on June 2, 2025, to shareholders of record as of May 12, 2025. Magnolia has distributed cash dividends to its shareholders since 2021 and has consistently grown its dividend per share payout each year. About Magnolia Oil & Gas Magnolia (MGY) is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders
Magnolia Oil & Gas Corporation (NYSE:MGY) will host a conference call and webcast to discuss operational and financial results for the first quarter 2025 on Thursday, May 1st at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Join the webcast by visiting Magnolia's website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia's first quarter 2025 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following the call. About Magnolia Oil & Gas Mag
Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced its financial and operational results for the fourth quarter and full year 2024. Fourth Quarter 2024 Summary Financial Results: (In millions, except per share data) For the Quarter Ended December 31, 2024 For the Quarter Ended December 31, 2023 Percentage increase (decrease) Net income $ 88.7 $ 113.9 (22 )% Adjusted net income (1) 95.4 107.7 (11 )% Earnings per share - diluted 0.44 0.53 (17 )% Adjusted EBITDAX (1) 235.8 240.0 (2
Magnolia Oil & Gas Corporation (NYSE:MGY) announced today that its Board of Directors has declared a cash dividend of $0.15 per share of Class A common stock, and a cash distribution of $0.15 per Class B unit, payable on March 3, 2025, to shareholders of record as of February 14, 2025. Today's announcement represents a 15 percent increase to Magnolia's quarterly dividend rate and provides an annualized dividend of $0.60 per share. This is the fourth consecutive year that Magnolia has increased its dividend rate since initiating a dividend payment in 2021. Magnolia expects to declare its next quarterly dividend in May for payment in June. "The increase in the dividend is supported by Magno
Magnolia Oil & Gas Corporation (NYSE:MGY) will host a conference call and webcast to discuss operational and financial results for the fourth quarter and full year 2024 on Wednesday, February 19th at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Join the webcast by visiting Magnolia's website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia's fourth quarter and full year 2024 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following th
Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced that its board of directors (the "Board") has appointed R. Lewis Ropp as an independent director of the Board, effective immediately. Mr. Ropp will serve as a member of the Audit Committee. "Lewis's strong background in finance, capital markets, and investment management as well as his experience in oil and gas operations and engineering provide valuable skills to Magnolia's Board," said Dan Smith, Chairman of the Board. "We look forward to Lewis joining our Board and sharing his unique perspective gained from having worked in management positions in both the oil service industry and for
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Live Leadership Updates
Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced that its board of directors (the "Board") has appointed R. Lewis Ropp as an independent director of the Board, effective immediately. Mr. Ropp will serve as a member of the Audit Committee. "Lewis's strong background in finance, capital markets, and investment management as well as his experience in oil and gas operations and engineering provide valuable skills to Magnolia's Board," said Dan Smith, Chairman of the Board. "We look forward to Lewis joining our Board and sharing his unique perspective gained from having worked in management positions in both the oil service industry and for
NEW YORK, March 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed
Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced that its board of directors (the "Board") has increased the size of the Board from seven to eight directors and has appointed David Khani as an independent director of the Board, effective immediately. Mr. Khani will serve as a member of the Audit Committee. "We are very honored to welcome Dave to our Board of Directors," said Dan Smith, Chairman of the Board. "Dave's deep industry knowledge and experience across the energy and natural resources spectrum, coupled with his financial and capital markets expertise, will be a valuable asset to Magnolia and our shareholders." Mr. Khani serve
Magnolia Oil & Gas Corporation ("Magnolia" or the "Company") (NYSE:MGY) today announced that Christopher Stavros, the Company's current Executive Vice President and Chief Financial Officer, has been named President and Chief Executive Officer, and has been appointed to the Board of Directors, effective immediately. Stephen Chazen, who has served as Chairman, President and Chief Executive Officer since 2018 will no longer be able to serve in his positions due to serious health reasons. "First and foremost, we would like to extend our deep support to Steve's family," said Dan Smith, who previously served as Magnolia's Lead Independent Director and has been named as Chairman of the Board. "St
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Live finance-specific insights
Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced its financial and operational results for the second quarter of 2025. Second Quarter 2025 Highlights: (In millions, except per share data) For the Quarter Ended June 30, 2025 For the Quarter Ended June 30, 2024 Percentage increase (decrease) Net income $ 81.0 $ 105.1 (23 )% Adjusted net income(1) $ 80.9 $ 104.3 (22 )% Earnings per share - diluted $ 0.41 $ 0.51 (20 )% Adjusted EBITDAX(1) $ 223.2 $
Magnolia Oil & Gas Corporation (NYSE:MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of Class A common stock, and a cash distribution of $0.15 per Class B unit, payable on September 2, 2025, to shareholders of record as of August 11, 2025. Magnolia has distributed cash dividends to its shareholders since 2021 and has consistently grown its dividend per share payout each year. About Magnolia Oil & Gas Magnolia (MGY) is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for sh
Magnolia Oil & Gas Corporation (NYSE:MGY) will host a conference call and webcast to discuss operational and financial results for the second quarter 2025 on Thursday, July 31st at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Join the webcast by visiting Magnolia's website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia's second quarter 2025 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following the call. About Magnolia Oil & Ga
Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced its financial and operational results for the first quarter of 2025. First Quarter 2025 Highlights: (In millions, except per share data) For the Quarter Ended March 31, 2025 For the Quarter Ended March 31, 2024 Percentage increase (decrease) Net income $ 106.6 $ 97.6 9 % Adjusted net income(1) $ 105.6 $ 101.0 5 % Earnings per share - diluted $ 0.54 $ 0.46 17 % Adjusted EBITDAX(1) $ 248.4 $ 227.8 9 % Capital expenditures - D&C $ 130.4 $ 1
Magnolia Oil & Gas Corporation (NYSE:MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of Class A common stock, and a cash distribution of $0.15 per Class B unit, payable on June 2, 2025, to shareholders of record as of May 12, 2025. Magnolia has distributed cash dividends to its shareholders since 2021 and has consistently grown its dividend per share payout each year. About Magnolia Oil & Gas Magnolia (MGY) is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders
Magnolia Oil & Gas Corporation (NYSE:MGY) will host a conference call and webcast to discuss operational and financial results for the first quarter 2025 on Thursday, May 1st at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Join the webcast by visiting Magnolia's website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia's first quarter 2025 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following the call. About Magnolia Oil & Gas Mag
Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced its financial and operational results for the fourth quarter and full year 2024. Fourth Quarter 2024 Summary Financial Results: (In millions, except per share data) For the Quarter Ended December 31, 2024 For the Quarter Ended December 31, 2023 Percentage increase (decrease) Net income $ 88.7 $ 113.9 (22 )% Adjusted net income (1) 95.4 107.7 (11 )% Earnings per share - diluted 0.44 0.53 (17 )% Adjusted EBITDAX (1) 235.8 240.0 (2
Magnolia Oil & Gas Corporation (NYSE:MGY) announced today that its Board of Directors has declared a cash dividend of $0.15 per share of Class A common stock, and a cash distribution of $0.15 per Class B unit, payable on March 3, 2025, to shareholders of record as of February 14, 2025. Today's announcement represents a 15 percent increase to Magnolia's quarterly dividend rate and provides an annualized dividend of $0.60 per share. This is the fourth consecutive year that Magnolia has increased its dividend rate since initiating a dividend payment in 2021. Magnolia expects to declare its next quarterly dividend in May for payment in June. "The increase in the dividend is supported by Magno
Magnolia Oil & Gas Corporation (NYSE:MGY) will host a conference call and webcast to discuss operational and financial results for the fourth quarter and full year 2024 on Wednesday, February 19th at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Join the webcast by visiting Magnolia's website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia's fourth quarter and full year 2024 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following th
Magnolia Oil & Gas Corporation ("Magnolia," "we," "our," or the "Company") (NYSE:MGY) today announced its financial and operational results for the third quarter of 2024. Third Quarter 2024 Highlights: (In millions, except per share data) For the Quarter Ended September 30, 2024 For the Quarter Ended September 30, 2023 Percentage increase (decrease) Net income $ 105.9 $ 117.5 (10 )% Adjusted net income(1) $ 100.3 $ 117.5 (15 )% Earnings per share - diluted $ 0.52 $ 0.54 (4 )% Adjusted EBITDAX(1) $ 243.6 $ 239.0 2 % Capital expenditures - D&C $ 103.1 $ 104.3 (1