---
title: "Magnolia Oil & Gas (MGY) Receives a Hold from Wells Fargo"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286237581.md"
description: "Wells Fargo analyst Hanwen Chang has maintained a Hold rating on Magnolia Oil & Gas (MGY) with a price target of $31.00, while the shares closed at $28.64. Chang has an average return of 11.4% and a 59.29% success rate. Previously, Roth MKM's Leo Mariani also issued a Hold rating, while William Blair reiterated a Buy rating on May 6."
datetime: "2026-05-13T09:37:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286237581.md)
  - [en](https://longbridge.com/en/news/286237581.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286237581.md)
---

# Magnolia Oil & Gas (MGY) Receives a Hold from Wells Fargo

In a report released yesterday, Hanwen Chang from Wells Fargo maintained a Hold rating on Magnolia Oil & Gas, with a price target of $31.00. The company’s shares closed yesterday at $28.64.

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Chang covers the Energy sector, focusing on stocks such as EOG Resources, Magnolia Oil & Gas, and Crescent Energy Company Class A. According to TipRanks, Chang has an average return of 11.4% and a 59.29% success rate on recommended stocks.

In addition to Wells Fargo, Magnolia Oil & Gas also received a Hold from Roth MKM’s Leo Mariani in a report issued on May 7. However, on May 6, William Blair reiterated a Buy rating on Magnolia Oil & Gas (NYSE: MGY).

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- [Assessing Magnolia Oil & Gas (MGY) Valuation After Recent Share Price Pullback](https://longbridge.com/en/news/288928114.md)
- [Citi Reaffirms Their Hold Rating on Magnolia Oil & Gas (MGY)](https://longbridge.com/en/news/278220812.md)
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