SCHEDULE 13G/A: First Trust Entities Disclose Passive 1.81% Stake in Magnolia Oil & Gas Corporation

First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation have jointly filed an amended Schedule 13G, disclosing a passive beneficial ownership of 1.81% in Magnolia Oil & Gas Corporation's Class A Common Stock as of March 31, 2025.

Summary

• First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation have jointly filed an Amendment No. 2 to Schedule 13G, disclosing their beneficial ownership of Magnolia Oil & Gas Corporation (Class A) Common Stock.
• As of March 31, 2025, the reporting persons collectively beneficially own 3,411,306 shares, representing 1.81% of the Class A Common Stock.
• First Trust Portfolios L.P. holds shared dispositive power over 560,867 shares, primarily through unit investment trusts it sponsors.
• First Trust Advisors L.P. and The Charger Corporation hold shared voting power over 2,850,439 shares and shared dispositive power over 3,411,306 shares.
• The shares are held in various investment vehicles, including unit investment trusts sponsored by First Trust Portfolios L.P. and other registered investment companies, pooled investment vehicles, and/or separately managed accounts where First Trust Advisors L.P. serves as an investment advisor or sub-advisor.
• The reporting persons explicitly disclaim beneficial ownership of the shares, stating they were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• Shares held in unit investment trusts are generally voted by the trustee in a manner proportional to shares held by other owners.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently convey a positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional holdings, though the reported stake is passive and below the 5% threshold for active reporting.

Key Dates

Keywords

Magnolia Oil & Gas Corporation, First Trust Portfolios, First Trust Advisors, The Charger Corporation, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Passive Investment, Oil & Gas