Magnolia Oil & Gas Corp’s recent filing unveils that its Director Szabo Shandell acquired Company’s shares for reported $0.25 million on May 02 ’25. In the deal valued at $21.30 per share,11,731 shares were bought. As a result of this transaction, Szabo Shandell now holds 18,095 shares worth roughly $0.42 million.
Then, Stavros Christopher G bought 2,500 shares, generating $55,138 in total proceeds. Upon buying the shares at $22.05, the CEO & DIRECTOR now owns 892,372 shares.
Before that, Millican Steve bought 195,293 shares. Magnolia Oil & Gas Corp shares valued at $4,714,373 were divested by the Officer at a price of $24.14 per share.
UBS initiated its Magnolia Oil & Gas Corp [MGY] rating to a Buy in a research note published on April 22, 2025; the price target was $26. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Neutral”. BofA Securities also remained covering MGY and has decreased its forecast on January 13, 2025 with a “Neutral” recommendation from previously “Buy” rating. Siebert Williams Shank revised its rating on October 15, 2024. It rated MGY as “a Hold” which previously was an “a Buy”.
Price Performance Review of MGY
On Monday, Magnolia Oil & Gas Corp [NYSE:MGY] saw its stock jump 4.59% to $23.00. Over the last five days, the stock has gained 12.14%. Magnolia Oil & Gas Corp shares have fallen nearly -1.63% since the year began. Nevertheless, the stocks have fallen -11.13% over the past one year. While a 52-week high of $29.02 was reached on 01/17/25, a 52-week low of $19.09 was recorded on 04/09/25. SMA at 50 days reached $22.46, while 200 days put it at $24.52.
Levels Of Support And Resistance For MGY Stock
The 24-hour chart illustrates a support level at 22.68, which if violated will result in even more drops to 22.35. On the upside, there is a resistance level at 23.43. A further resistance level may holdings at 23.85. The Relative Strength Index (RSI) on the 14-day chart is 58.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.16%. Stochastics %K at 90.50% indicates the stock is a selling.
