1,500 Shares in Mach Natural Resources LP (NYSE:MNR) Purchased by Signaturefd LLC

Signaturefd LLC bought a new position in Mach Natural Resources LP (NYSE:MNR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,500 shares of the company’s stock, valued at approximately $26,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hollencrest Capital Management bought a new stake in shares of Mach Natural Resources in the 4th quarter worth approximately $34,000. Parkside Financial Bank & Trust acquired a new stake in Mach Natural Resources in the fourth quarter worth $43,000. Avior Wealth Management LLC lifted its stake in Mach Natural Resources by 33.3% in the fourth quarter. Avior Wealth Management LLC now owns 12,000 shares of the company’s stock valued at $206,000 after buying an additional 3,000 shares during the last quarter. ING Groep NV acquired a new position in shares of Mach Natural Resources during the fourth quarter valued at $412,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Mach Natural Resources by 13.7% during the third quarter. Franklin Resources Inc. now owns 138,800 shares of the company’s stock valued at $2,354,000 after acquiring an additional 16,725 shares during the period. 78.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mach Natural Resources

In other news, Director William Wallace Mcmullen bought 5,161,290 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $15.50 per share, with a total value of $79,999,995.00. Following the completion of the purchase, the director now directly owns 74,287,410 shares of the company’s stock, valued at $1,151,454,855. This represents a 7.47 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 87.80% of the company’s stock.

Mach Natural Resources Stock Down 0.7 %

Shares of MNR opened at $15.39 on Wednesday. Mach Natural Resources LP has a 52-week low of $13.53 and a 52-week high of $21.19. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 8.10 and a beta of -0.40. The firm has a 50-day moving average of $16.05. The company has a quick ratio of 1.16, a current ratio of 1.24 and a debt-to-equity ratio of 0.56.

Mach Natural Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.00%. Mach Natural Resources’s dividend payout ratio is presently 105.26%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MNR shares. Truist Financial lifted their price objective on shares of Mach Natural Resources from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Stifel Nicolaus lifted their price target on Mach Natural Resources from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Raymond James restated a “strong-buy” rating and issued a $25.00 target price (up from $23.00) on shares of Mach Natural Resources in a research report on Monday, February 10th.

Mach Natural Resources Company Profile

Mach Natural Resources LP, an independent upstream oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquids reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas, and the panhandle of Texas. It also owns a portfolio of midstream assets, as well as owns plants and water infrastructure.