Magnolia Oil & Gas Corp’s recent filing unveils 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 $49.69 million.
Goldman downgraded its Magnolia Oil & Gas Corp [MGY] rating to a Neutral from a a Buy in a research note published on January 31, 2025; the price target was decreased to $26 from $27. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Neutral”. Siebert Williams Shank also remained covering MGY and has decreased its forecast on October 15, 2024 with a “Hold” recommendation from previously “Buy” rating. Wells Fargo revised its rating on October 01, 2024. It rated MGY as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of MGY
On Monday, Magnolia Oil & Gas Corp [NYSE:MGY] saw its stock fall -0.13% to $23.67. Over the last five days, the stock has lost -5.24%. Magnolia Oil & Gas Corp shares have risen nearly 1.24% since the year began. Nevertheless, the stocks have risen 14.79% 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 02/03/25. SMA at 50 days reached $25.37, while 200 days put it at $25.45.
Levels Of Support And Resistance For MGY Stock
The 24-hour chart illustrates a support level at 23.40, which if violated will result in even more drops to 23.12. On the upside, there is a resistance level at 23.96. A further resistance level may holdings at 24.25. The Relative Strength Index (RSI) on the 14-day chart is 34.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.55%. Stochastics %K at 6.02% indicates the stock is a buying.
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 2025-01-15, growing by 0.56 million shares to a total of 30.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 29.44 million shares. There was a rise of 1.87%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 18, 2024 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $32 price target.
