First Trust Advisors Trims Stake in Magnolia Oil & Gas

Institutional investor reduces holdings in energy company by over a quarter

Mar. 13, 2026 at 7:55am

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First Trust Advisors LP, an institutional investor, decreased its stake in Magnolia Oil & Gas Corp (NYSE: MGY) by 26.6% in the third quarter, according to a recent SEC filing. The firm now owns 1,540,551 shares of the company's stock, valued at $36.7 million.

Why it matters

Magnolia Oil & Gas is an independent exploration and production company focused on the Eagle Ford Shale region in South Texas. The reduction in First Trust Advisors' stake could signal a shift in investor sentiment around the company, even as it continues to pay a modest dividend and see some positive analyst sentiment.

The details

According to the filing, First Trust Advisors sold 558,789 shares of Magnolia Oil & Gas during the third quarter. The firm now owns a 0.82% stake in the company. Magnolia Oil & Gas has seen a mix of operational results in its latest quarter, with earnings per share beating estimates but revenue missing slightly.

  • First Trust Advisors reduced its stake in Magnolia Oil & Gas in the third quarter of 2026.

The players

First Trust Advisors LP

An institutional investor and asset management firm.

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

The reduction in First Trust Advisors' stake in Magnolia Oil & Gas could signal some caution around the energy company's prospects, even as it continues to pay a dividend and see some positive analyst sentiment. Investors will be watching to see if other institutional holders make similar moves in the coming quarters.