Magnolia Oil & Gas Corp (MGY) Declares $0.15 Dividend
Magnolia Oil & Gas Corp (MGY) announces a quarterly dividend of $0.15 per share, payable to shareholders in November.
Magnolia Oil & Gas Corp. engages in the acquisition, development, exploration, and production of oil and natural gas properties. The company is headquartered in Houston, Texas and currently employs 252 full-time employees. The company went IPO on 2017-06-26. The Company’s oil and natural gas properties are located primarily in the Karnes and Giddings areas in South Texas. Its assets consist of a total leasehold position of approximately 817,907 gross (604,057 net) acres, including 79,067 gross (54,936 net) acres in the Karnes area and 738,840 gross (549,121 net) acres in the Giddings area. The Giddings area is comprised of oil and natural gas assets primarily located in Brazos, Burleson, Fayette, Grimes, Lee, Milam, Robertson, and Washington Counties, Texas. The Karnes area is comprised of oil and natural gas assets primarily located in Karnes, Dimmit, Gonzales, and Zavala Counties, Texas, in the core of the Eagle Ford Shale. The acreage comprising the Karnes area also includes the Austin Chalk formation overlying the Eagle Ford Shale.
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Last Updated: Nov 20, 2025, 11:42 PM · Source: Finnhub.io
Magnolia Oil & Gas Corp (MGY) announces a quarterly dividend of $0.15 per share, payable to shareholders in November.
William Blair initiates coverage on Magnolia Oil & Gas Corp with an Outperform rating.