Due to energy shortages and the greenhouse effect, the efficient use of energy through phase-change materials (PCMs) is gaining increased attention. In this study, magnetic phase-change microcapsules (Mag-mc) were prepared by suspension polymerization. The shell layer of the microcapsules was formed by copolymerizing methyl methacrylate and triethoxyethylene silane, with the latter enhancing the compatibility of the shell layer with the magnetic additive. Ferric ferrous oxide modified by oleic acid (Fe3O4(m)) was added as the magnetic additive. Differential scanning calorimetry (DSC) testing revealed that the content of phase-change materials in microcapsules without and with ferric ferrous oxide were 79.77% and 96.63%, respectively, demonstrating that the addition of Fe3O4(m) improved the encapsulation efficiency and enhanced the energy storage ability of the microcapsules. Laser particle size analysis showed that the overall average particle sizes for the microcapsules without and with ferric ferrous oxide were 3.48 μm and 2.09 μm, respectively, indicating that the incorporation of magnetic materials reduced the size and distribution of the microcapsules. Thermogravimetric analysis indicated that the thermal stability of the microcapsules was enhanced by the addition of Fe3O4(m). Moreover, the infrared emissivity of the microcapsule-containing film decreased from 0.77 to 0.72 with the addition of Fe3O4(m) to the shell of microcapsules.