Magnolia Oil & Gas Corp’s filing revealed that its Officer Millican Steve acquired Company’s shares for reported $4.71 million on Jan 08 ’25. In the deal valued at $24.14 per share,195,293 shares were bought.
Then, EnerVest, Ltd. sold 7,000,000 shares, generating $181,020,000 in total proceeds. Upon selling the shares at $25.86, the Director now owns 2,099,403 shares.
Before that, Walker John B sold 7,000,000 shares. Magnolia Oil & Gas Corp shares valued at $181,020,000 were divested by the Director at a price of $25.86 per share. As a result of the transaction, Walker John B now holds 2,099,403 shares, worth roughly $53.24 million.
BofA Securities downgraded its Magnolia Oil & Gas Corp [MGY] rating to a Neutral from a a Buy in a research note published on January 13, 2025; the price target was decreased to $28 from $29. A number of analysts have revised their coverage, including Siebert Williams Shank’s analysts, who decreased its forecast for the stock in mid October from “a Buy” to “a Hold”. Wells Fargo also remained covering MGY and has decreased its forecast on October 01, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. Wolfe Research started covering the stock on July 18, 2024. It rated MGY as “an Outperform”.
Price Performance Review of MGY
On Friday, Magnolia Oil & Gas Corp [NYSE:MGY] saw its stock fall -2.08% to $25.36. Over the last five days, the stock has lost -4.59%. Magnolia Oil & Gas Corp shares have risen nearly 8.47% since the year began. Nevertheless, the stocks have risen 27.89% over the past one year. While a 52-week high of $29.02 was reached on 01/17/25, a 52-week low of $19.53 was recorded on 01/02/25. SMA at 50 days reached $25.70, while 200 days put it at $25.51.
Levels Of Support And Resistance For MGY Stock
The 24-hour chart illustrates a support level at 25.04, which if violated will result in even more drops to 24.72. On the upside, there is a resistance level at 25.83. A further resistance level may holdings at 26.29. The Relative Strength Index (RSI) on the 14-day chart is 51.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.68%. Stochastics %K at 67.26% indicates the stock is a holding.
How much short interest is there in Magnolia Oil & Gas Corp?
A steep rise in short interest was recorded in Magnolia Oil & Gas Corp stocks on 2024-12-31, dropping by -0.37 million shares to a total of 29.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 29.67 million shares. There was a decline of -1.27%, which implies that there is a negative sentiment for the stock.
