Added to YB: 2024-08-20
Pitch date: 2024-06-30
MGY [bullish]
Magnolia Oil & Gas Corporation
-7.46%
current return
Author Info
No bio for this author
Company Info
Magnolia Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States.
Market Cap
$4.0B
Pitch Price
$24.63
Price Target
N/A
Dividend
2.84%
EV/EBITDA
4.17
P/E
10.88
EV/Sales
3.18
Sector
Oil, Gas and Consumable Fuels
Category
value
Diamond Hill Small Cap Composite Fund New Position: Magnolia Oil & Gas Corporation
MGY: Eagle Ford E&P with low $35/bbl breakeven, strong balance sheet (0.1x net debt/EBITDA), disciplined capital allocation. Experienced mgmt with owner mindset. Low-risk oil exposure. Small-cap with upside potential in commodities cycle. Strong FCF generation allows for dividends & buybacks.
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