MGY Magnolia Oil & Gas Corp

Boston Trust Walden Corp reduced its stake in Magnolia Oil & Gas Corp (NYSE:MGY) by 1.5% in the third quarter, selling 61,034 shares and now holding 3,942,736 shares valued at approximately $94.11 million. Despite this reduction, institutional ownership in MGY remains high at 94.73%, with other funds increasing their positions. Magnolia Oil & Gas reported Q3 EPS of $0.41, in line with estimates, and revenue of $324.94 million, and analysts currently have a "Hold" rating with an average price target of $26.50.

This article analyzes Magnolia Oil & Gas Corporation (NYSE: MGY) using AI models, identifying a mid-channel oscillation pattern and a 30.7:1 risk-reward setup. It outlines three distinct trading strategies—Position, Momentum Breakout, and Risk Hedging—tailored to different risk profiles. The analysis highlights weak near and mid-term sentiment, with a neutral long-term outlook, alongside key support and resistance levels.

Thrivent Financial for Lutherans reduced its stake in Magnolia Oil & Gas Corp (NYSE:MGY) by 35.6% during the second quarter, selling 149,368 shares and retaining 269,973 shares valued at approximately $6.07 million. Despite this reduction, other institutional investors like Campbell & CO Investment Adviser LLC, Jane Street Group LLC, and American Century Companies Inc. significantly increased their holdings, with overall institutional ownership in MGY reaching 94.73%. Magnolia Oil & Gas trades at $21.63, with a P/E ratio of 12.08, and recently reported quarterly EPS of $0.41 on revenues of $324.9 million, while also paying a $0.60 annual dividend.

Encompass Capital Advisors LLC significantly reduced its stake in Magnolia Oil & Gas Corp (NYSE:MGY) by 37.6% in the second quarter, selling over 800,000 shares. Despite this, the firm still holds a substantial portion of the company, valued at approximately $29.89 million. Magnolia Oil & Gas reported Q2 earnings of $0.41 EPS, matching estimates, and has a "Hold" consensus rating from analysts with institutional investors owning a large percentage of the stock.

Gilder Gagnon Howe & Co. LLC reduced its stake in Magnolia Oil & Gas Corp (NYSE:MGY) by 6.8% in the second quarter, selling 54,128 shares and now holding 743,357 shares valued at $16.71 million. Institutional investors own about 94.73% of MGY, which also pays a quarterly dividend of $0.15. Analysts currently have a consensus "Hold" rating on the stock with a price target of $26.50.

Osterweis Capital Management Inc. reduced its stake in Magnolia Oil & Gas Corp by 10.4% in the second quarter, selling over 66,000 shares. This transaction leaves the fund with just over 575,000 shares, valued at approximately $12.93 million, representing about 0.30% ownership. The article also touches on other institutional investors' activities, analyst ratings, and the company's recent financial performance.