Citadel Advisors LLC Has $1.65 Million Position in Mach Natural Resources LP (NYSE:MNR)

Citadel Advisors LLC cut its holdings in Mach Natural Resources LP (NYSE:MNR - Free Report) by 44.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,240 shares of the company's stock after selling 77,112 shares during the quarter. Citadel Advisors LLC owned about 0.09% of Mach Natural Resources worth $1,653,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in shares of Mach Natural Resources during the 4th quarter worth $5,128,000. Stifel Financial Corp boosted its position in shares of Mach Natural Resources by 23.6% in the 4th quarter. Stifel Financial Corp now owns 295,080 shares of the company's stock valued at $5,069,000 after purchasing an additional 56,306 shares during the period. Sei Investments Co. lifted its stake in Mach Natural Resources by 8.4% during the fourth quarter. Sei Investments Co. now owns 271,608 shares of the company's stock valued at $4,666,000 after buying an additional 21,101 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Mach Natural Resources by 7.7% in the fourth quarter. Chicago Partners Investment Group LLC now owns 242,118 shares of the company's stock worth $4,145,000 after buying an additional 17,215 shares during the period. Finally, Strategic Financial Concepts LLC increased its position in shares of Mach Natural Resources by 1,618.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 195,234 shares of the company's stock worth $3,354,000 after acquiring an additional 183,870 shares in the last quarter. 78.36% of the stock is owned by institutional investors and hedge funds.

Mach Natural Resources Stock Down 0.2%

Shares of MNR traded down $0.03 during trading hours on Tuesday, reaching $13.48. The company's stock had a trading volume of 249,736 shares, compared to its average volume of 227,029. The firm has a 50 day moving average of $14.03. The company has a current ratio of 1.24, a quick ratio of 1.16 and a debt-to-equity ratio of 0.56. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 8.43 and a beta of -0.28. Mach Natural Resources LP has a 1-year low of $12.40 and a 1-year high of $20.94.

Mach Natural Resources (NYSE:MNR - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.01). The company had revenue of $227.00 million during the quarter, compared to analyst estimates of $259.09 million. Mach Natural Resources had a net margin of 25.17% and a return on equity of 23.58%. As a group, analysts forecast that Mach Natural Resources LP will post 1.95 EPS for the current fiscal year.

Mach Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 23.44%. This is a positive change from Mach Natural Resources's previous quarterly dividend of $0.50. The ex-dividend date is Thursday, May 22nd. Mach Natural Resources's dividend payout ratio (DPR) is currently 197.50%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of Mach Natural Resources from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Raymond James restated a "strong-buy" rating and issued a $25.00 target price (up previously from $23.00) on shares of Mach Natural Resources in a 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.