Kingsview Wealth Management Acquires Stake in Magnolia Oil & Gas

The firm bought 135,739 shares of the company's stock, valued at approximately $3.24 million.

Published on Mar. 5, 2026

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Kingsview Wealth Management LLC bought a new position in Magnolia Oil & Gas Corp (NYSE:MGY) during the third quarter, according to the company's recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 135,739 shares of the company's stock, valued at around $3.24 million.

Why it matters

This investment highlights the continued institutional interest in Magnolia Oil & Gas, a Houston-based independent exploration and production company focused on the Eagle Ford Shale region in South Texas. The acquisition by Kingsview Wealth Management suggests the firm sees growth potential in Magnolia's operations and stock performance.

The details

According to the filing, Kingsview Wealth Management LLC owned about 0.07% of Magnolia Oil & Gas as of its most recent SEC disclosure. Other institutional investors have also been active in the stock, with TD Asset Management Inc. increasing its position by 55.7% in the third quarter and Heartland Advisors Inc. boosting its stake by 92.1% during the same period.

  • Kingsview Wealth Management LLC bought the new position in Magnolia Oil & Gas during the third quarter of 2026.

The players

Kingsview Wealth Management LLC

An investment management firm that bought a new position in Magnolia Oil & Gas.

Magnolia Oil & Gas Corp

An independent exploration and production company focused on the Eagle Ford Shale region in South Texas.

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The takeaway

This investment by Kingsview Wealth Management underscores the continued institutional interest in Magnolia Oil & Gas and its operations in the Eagle Ford Shale. As the company navigates the evolving energy landscape, its ability to attract institutional backing will be a key indicator of its long-term growth prospects.