American Century Companies Inc. Decreases Stock Holdings in Mach Natural Resources LP $MNR

Key Points

• American Century Companies trimmed its stake in Mach Natural Resources by 3.9%, selling 100,981 shares to hold 2,477,948 shares (about 1.47% of the company) worth $32.66 million at quarter-end.
• Mach raised its quarterly dividend to $0.53 (annualized $2.12), implying a 16.0% yield but a very high payout ratio of 220.83%; the dividend is payable March 12 with a Feb. 26 record date.
• Analyst and institutional backdrop: the stock has a consensus "Moderate Buy" rating with a $20 price target, institutional investors own 78.36% of shares, and analyst ratings range from Strong Buy to Sell.

American Century Companies Inc. lowered its position in shares of Mach Natural Resources LP (NYSE:MNR - Free Report) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,477,948 shares of the company's stock after selling 100,981 shares during the period. American Century Companies Inc. owned about 1.47% of Mach Natural Resources worth $32,659,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in shares of Mach Natural Resources by 120.5% in the first quarter. Goldman Sachs Group Inc. now owns 3,814,782 shares of the company's stock valued at $59,320,000 after acquiring an additional 2,084,511 shares during the period. Wedbush Securities Inc. purchased a new stake in shares of Mach Natural Resources during the second quarter worth about $149,000. Boston Partners purchased a new stake in shares of Mach Natural Resources during the second quarter worth about $194,000. Pin Oak Investment Advisors Inc. grew its stake in shares of Mach Natural Resources by 3.0% in the second quarter. Pin Oak Investment Advisors Inc. now owns 217,499 shares of the company's stock worth $3,382,000 after purchasing an additional 6,255 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Mach Natural Resources by 115.6% in the second quarter. Franklin Resources Inc. now owns 391,720 shares of the company's stock worth $5,656,000 after purchasing an additional 209,993 shares during the last quarter. Institutional investors own 78.36% of the company's stock.

Analysts Set New Price Targets

MNR has been the subject of a number of recent analyst reports. Zacks Research lowered Mach Natural Resources from a "hold" rating to a "strong sell" rating in a research report on Tuesday, January 13th. Northland Securities set a $20.00 price objective on Mach Natural Resources in a research report on Monday, November 10th. Weiss Ratings reissued a "sell (d+)" rating on shares of Mach Natural Resources in a research note on Monday, December 29th. KeyCorp reaffirmed a "sector weight" rating on shares of Mach Natural Resources in a research note on Friday, January 16th. Finally, Stifel Nicolaus cut their price target on shares of Mach Natural Resources from $22.00 to $18.00 and set a "buy" rating on the stock in a report on Tuesday, January 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.00.

Mach Natural Resources Trading Down 0.7%

NYSE:MNR opened at $13.28 on Friday. The firm has a market capitalization of $2.24 billion, a P/E ratio of 13.83 and a beta of -0.24. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.00 and a quick ratio of 0.87. Mach Natural Resources LP has a one year low of $10.46 and a one year high of $15.91. The company's 50-day simple moving average is $12.03 and its 200 day simple moving average is $12.37.

Mach Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 26th will be issued a dividend of $0.53 per share. The ex-dividend date is Thursday, February 26th. This is a positive change from Mach Natural Resources's previous quarterly dividend of $0.27. This represents a $2.12 annualized dividend and a dividend yield of 16.0%. Mach Natural Resources's dividend payout ratio (DPR) is 220.83%.

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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