242,399 Shares in Mach Natural Resources LP $MNR Purchased by Pin Oak Investment Advisors Inc.

Key Points

• Pin Oak Investment Advisors acquired 242,399 shares of Mach Natural Resources, valued at approximately $3.06 million, giving it a 0.15% stake and making MNR its 12th-largest holding. Institutional investors collectively own 78.36% of the company.
• Mach Natural Resources was trading at $12.51, near the lower half of its 12-month range, while the company declared a quarterly dividend of $0.36 per share. The dividend implies an annualized yield of about 11.5%, though the payout ratio is elevated at 244.07%.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $17.60; Raymond James raised its target to $19 and Stephens set a $20 objective.

Pin Oak Investment Advisors Inc. acquired a new stake in shares of Mach Natural Resources LP (NYSE:MNR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 242,399 shares of the company's stock, valued at approximately $3,064,000. Mach Natural Resources makes up about 1.6% of Pin Oak Investment Advisors Inc.'s holdings, making the stock its 12th biggest holding. Pin Oak Investment Advisors Inc. owned about 0.15% of Mach Natural Resources at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cooksen Wealth LLC grew its position in shares of Mach Natural Resources by 87.5% in the 2nd quarter. Cooksen Wealth LLC now owns 2,635 shares of the company's stock worth $38,000 after acquiring an additional 1,230 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Mach Natural Resources during the 4th quarter valued at approximately $31,000. Stifel Financial Corp lifted its stake in Mach Natural Resources by 1.5% during the fourth quarter. Stifel Financial Corp now owns 231,999 shares of the company's stock worth $2,561,000 after purchasing an additional 3,472 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Mach Natural Resources during the fourth quarter worth $42,000. Finally, CENTRAL TRUST Co lifted its stake in Mach Natural Resources by 384.7% during the first quarter. CENTRAL TRUST Co now owns 4,992 shares of the company's stock worth $70,000 after purchasing an additional 3,962 shares during the last quarter. Institutional investors own 78.36% of the company's stock.

Mach Natural Resources Trading Down 0.3%

Shares of NYSE MNR opened at $12.51 on Friday. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 21.20 and a beta of -0.31. The stock's 50 day simple moving average is $12.93 and its 200 day simple moving average is $13.26. The company has a current ratio of 0.88, a quick ratio of 0.76 and a debt-to-equity ratio of 0.63. Mach Natural Resources LP has a 12-month low of $10.46 and a 12-month high of $15.02.

Mach Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.44 annualized dividend and a dividend yield of 11.5%. Mach Natural Resources's payout ratio is 244.07%.

Analyst Ratings Changes

Several research firms have weighed in on MNR. Raymond James Financial boosted their target price on shares of Mach Natural Resources from $18.00 to $19.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 14th. Zacks Research upgraded shares of Mach Natural Resources from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 11th. Weiss Ratings raised shares of Mach Natural Resources from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Citigroup reaffirmed an "outperform" rating on shares of Mach Natural Resources in a research report on Monday, August 10th. Finally, Stephens set a $20.00 price objective on shares of Mach Natural Resources in a research report on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.60.

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. The company was incorporated in 2023 and is headquartered in Oklahoma City, Oklahoma.

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