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, 2019, its assets consisted of a total leasehold position of 450,854 net acres, including 22,088 net acres in karnes, gonzales, dewitt, and atascosa counties, texas; 428,766 net acres in the giddings field; and approximately 1,141 net wells with a total production capacity of 66.8 thousand barrels of oil equivalent per day. the company is headquartered in houston, texas.
Company profile
Ticker
MGY
Exchange
Website
CEO
Stephen I. Chazen
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
TPG Pace Energy Holdings Corp.
SEC CIK
Corporate docs
Subsidiaries
Magnolia Oil & Gas Holdings LLC • Magnolia Oil & Gas Parent LLC • Magnolia Oil & Gas Intermediate LLC • Magnolia Oil & Gas Operating LLC • Magnolia Oil & Gas Finance Corp. • MGY Louisiana LLC • Highlander Oil & Gas Holdings LLC • Highlander Oil & Gas Assets LLC ...
MGY stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
21 Mar 24
DEFA14A
Additional proxy soliciting materials
21 Mar 24
DEF 14A
Definitive proxy
21 Mar 24
10-K
2023 FY
Annual report
15 Feb 24
8-K
Magnolia Oil & Gas Corporation Announces 2023 Fourth Quarter and Year End Results
14 Feb 24
8-K
Magnolia Oil & Gas Corporation Appoints David Khani to its Board of Directors
6 Feb 24
10-Q
2023 Q3
Quarterly report
2 Nov 23
8-K
Magnolia Oil & Gas Corporation Announces Third Quarter 2023 Results
1 Nov 23
10-Q
2023 Q2
Quarterly report
2 Aug 23
8-K
Magnolia Oil & Gas Corporation Announces Second Quarter 2023 Results
1 Aug 23
Transcripts
MGY
Earnings call transcript
2023 Q4
15 Feb 24
MGY
Earnings call transcript
2023 Q3
2 Nov 23
MGY
Earnings call transcript
2023 Q2
2 Aug 23
MGY
Earnings call transcript
2023 Q1
4 May 23
MGY
Earnings call transcript
2022 Q4
15 Feb 23
MGY
Earnings call transcript
2022 Q3
2 Nov 22
MGY
Earnings call transcript
2022 Q2
3 Aug 22
MGY
Earnings call transcript
2022 Q1
10 May 22
MGY
Earnings call transcript
2021 Q4
17 Feb 22
MGY
Earnings call transcript
2021 Q3
2 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 618.47 mm | 618.47 mm | 618.47 mm | 618.47 mm | 618.47 mm | 618.47 mm |
Cash burn (monthly) | 19.37 mm | 5.92 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 129.34 mm | 39.55 mm | n/a | n/a | n/a | n/a |
Cash remaining | 489.13 mm | 578.91 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 25.3 | 97.7 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 283 |
Opened positions | 34 |
Closed positions | 25 |
Increased positions | 112 |
Reduced positions | 95 |
13F shares | Current |
---|---|
Total value | 4.17 tn |
Total shares | 183.52 mm |
Total puts | 189.00 k |
Total calls | 146.50 k |
Total put/call ratio | 1.3 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 17.83 mm | $408.48 bn |
BLK Blackrock | 16.91 mm | $387.52 bn |
T. Rowe Price Investment Management | 9.49 mm | $216.71 bn |
First Trust Advisors | 8.42 mm | $192.95 bn |
Wellington Management | 7.35 mm | $168.29 bn |
MCQEF Macquarie | 7.29 mm | $167.10 bn |
STT State Street | 7.15 mm | $163.86 bn |
JHG Janus Henderson | 6.60 mm | $151.30 bn |
Alliancebernstein | 6.43 mm | $147.30 bn |
Victory Capital Management | 6.03 mm | $138.25 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Mar 24 | Steve Millican | Class A Common Stock | Payment of exercise | Dispose F | No | No | 23 | 29,096 | 669.21 k | 328,820 |
1 Mar 24 | Timothy D. Yang | Class A Common Stock | Payment of exercise | Dispose F | No | No | 23 | 44,091 | 1.01 mm | 639,195 |
1 Mar 24 | Brian Corales | Class A Common Stock | Payment of exercise | Dispose F | No | No | 23 | 10,949 | 251.83 k | 163,579 |
1 Mar 24 | Christopher G Stavros | Class A Common Stock | Payment of exercise | Dispose F | No | No | 23 | 75,045 | 1.73 mm | 861,842 |
1 Mar 24 | Angela M Busch | Class A Common Stock | Grant | Acquire A | No | No | 0 | 298 | 0.00 | 94,161 |
News
Piper Sandler Downgrades Magnolia Oil & Gas to Neutral, Maintains Price Target to $29
19 Apr 24
Wells Fargo Maintains Equal-Weight on Magnolia Oil & Gas, Raises Price Target to $27
18 Apr 24
Forecasting The Future: 6 Analyst Projections For Magnolia Oil & Gas
15 Apr 24
Citigroup Maintains Sell on Magnolia Oil & Gas, Raises Price Target to $22
15 Apr 24
Golden Cross Pattern Emerges In US Energy Stocks: Goldman Sachs Names 5 'Top Upstream Oil Picks'
27 Mar 24
Press releases
Magnolia Oil & Gas Schedules Conference Call for First Quarter 2024 Results
8 Apr 24
Super Micro Computer and Deckers Outdoor Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600
1 Mar 24
Magnolia Oil & Gas Corporation Announces 2023 Fourth Quarter and Year End Results
14 Feb 24
Magnolia Oil & Gas Announces 13 Percent Dividend Increase
5 Feb 24