12 Best Crude Oil Stocks to Buy as Tensions Rise

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9. Magnolia Oil and Gas Corporation (NYSE:MGY)

Number of Hedge Fund Holders: 29

Upside Potential as of February 13: 11.62% 

Magnolia Oil & Gas Corporation (NYSE:MGY) is an independent oil and natural gas company that engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States.

Magnolia Oil & Gas Corporation (NYSE:MGY) reported strong results for Q4 2025 on February 5, with the company’s adjusted earnings of $0.38 per share beating estimates by $0.01. The firm’s revenue of just over $317.6 million also managed to top consensus by almost $3.9 million. Magnolia achieved a new company record for production in Q4, averaging nearly 104,000 barrels of oil equivalent per day and up 11% from the same period in 2024. For the full-year 2025, MGY’s total output surged by 11% YoY to around 100,000 boepd, with oil production growing by 4% YoY and averaging nearly 40,000 bpd.

Magnolia Oil & Gas Corporation (NYSE:MGY) generated free cash flow of over $425 million in FY 2025 and returned approximately 75% of it to shareholders through a combination of dividends and share repurchases. The company declared a quarterly dividend of $0.165 per share on February 6, and its current annual dividend yield is 2.54%.

Magnolia Oil & Gas Corporation (NYSE:MGY) is targeting a 5% production growth in 2026, with spending expected to be approximately flat when compared to 2025.

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