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HOUSTON - Magnolia Oil & Gas Corporation (NYSE:MGY) announced Tuesday its Board of Directors has declared a quarterly cash dividend of $0.15 per share of Class A common stock and a cash distribution of $0.15 per Class B unit.
The dividend will be payable on September 2, 2025, to shareholders of record as of August 11, 2025, according to a company press release.
Magnolia, an oil and gas exploration and production company with operations primarily in South Texas focusing on the Eagle Ford Shale and Austin Chalk formations, has distributed cash dividends to shareholders since 2021.
The company noted it has consistently increased its dividend per share payout each year since initiating the dividend program.
Magnolia describes its business approach as focused on generating value through steady, moderate annual production growth while maintaining disciplined capital spending. The company operates with the aim of producing high pretax margins and consistent free cash flow to support shareholder returns.
In other recent news, Magnolia Oil & Gas Corp. has been the focus of several analyst updates and corporate developments. Citi has reiterated its Sell rating on the company, setting a price target of $19.00, while projecting a discretionary cash flow of approximately $203 million for the upcoming quarter, slightly below the consensus estimate of $208 million. Meanwhile, UBS has raised its price target for Magnolia Oil & Gas from $26.00 to $29.00, maintaining a Buy rating and highlighting the company’s 2025 outlook and well performance at its Giddings field. Mizuho has maintained its Neutral rating with a $26.00 price target, noting the company’s decision to defer some 2025 activities to 2026 despite higher oil prices. Additionally, Magnolia Oil & Gas reported the results of its 2025 Annual Meeting of Stockholders, where all eight director nominees were elected for a one-year term. These developments come amid ongoing discussions about the company’s growth strategy and operational performance.
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