Magnolia Oil & Gas Corp’s filing revealed that its CEO & DIRECTOR Stavros Christopher G acquired Company’s shares for reported $55138.0 on Mar 03 ’25. In the deal valued at $22.05 per share,2,500 shares were bought. As a result of this transaction, Stavros Christopher G now holds 892,372 shares worth roughly $20.75 million.
Then, Millican Steve bought 195,293 shares, generating $4,714,373 in total proceeds.
Before that, EnerVest, Ltd. 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, EnerVest, Ltd. now holds 2,099,403 shares, worth roughly $48.81 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 Friday, Magnolia Oil & Gas Corp [NYSE:MGY] saw its stock jump 2.88% to $23.25. Over the last five days, the stock has lost -0.68%. Magnolia Oil & Gas Corp shares have fallen nearly -0.56% since the year began. Nevertheless, the stocks have fallen -1.02% over the past one year. While a 52-week high of $29.02 was reached on 01/17/25, a 52-week low of $21.63 was recorded on 03/04/25. SMA at 50 days reached $24.06, while 200 days put it at $25.18.
Levels Of Support And Resistance For MGY Stock
The 24-hour chart illustrates a support level at 22.81, which if violated will result in even more drops to 22.36. On the upside, there is a resistance level at 23.70. A further resistance level may holdings at 24.15. The Relative Strength Index (RSI) on the 14-day chart is 46.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.26%. Stochastics %K at 31.05% indicates the stock is a holding.
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.
