Citadel Advisors LLC Sells 77,112 Shares of Mach Natural Resources LP (NYSE:MNR)

Citadel Advisors LLC trimmed its holdings in Mach Natural Resources LP (NYSE:MNR - Free Report) by 44.5% in the 4th quarter, according to its most recent filing with the SEC. 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 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MNR. Signaturefd LLC bought a new stake in shares of Mach Natural Resources during the 4th quarter valued at about $26,000. Hollencrest Capital Management bought a new stake in shares of Mach Natural Resources during the 4th quarter valued at about $34,000. Parkside Financial Bank & Trust bought a new stake in shares of Mach Natural Resources during the 4th quarter valued at about $43,000. Avior Wealth Management LLC lifted its position in shares of Mach Natural Resources by 33.3% during the 4th 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 in the last quarter. Finally, XTX Topco Ltd lifted its position in shares of Mach Natural Resources by 11.5% during the 4th quarter. XTX Topco Ltd now owns 13,003 shares of the company's stock valued at $223,000 after buying an additional 1,341 shares in the last quarter. 78.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Raymond James reaffirmed a "strong-buy" rating and set a $25.00 price objective (up from $23.00) on shares of Mach Natural Resources in a research report on Monday, February 10th. Stifel Nicolaus lifted their price objective on Mach Natural Resources from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Friday, February 7th.

Mach Natural Resources Price Performance

Shares of MNR stock traded up $0.09 during trading hours on Wednesday, reaching $13.59. 123,190 shares of the company traded hands, compared to its average volume of 226,626. The stock's 50-day moving average price is $14.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.16 and a current ratio of 1.24. Mach Natural Resources LP has a 12-month low of $12.40 and a 12-month high of $20.94. The stock has a market cap of $1.61 billion, a P/E ratio of 8.48 and a beta of -0.28.

Mach Natural Resources (NYSE:MNR - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). Mach Natural Resources had a return on equity of 23.58% and a net margin of 25.17%. The business had revenue of $227.00 million during the quarter, compared to analysts' expectations of $259.09 million. Sell-side analysts predict that Mach Natural Resources LP will post 1.95 EPS for the current year.

Mach Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be issued a $0.79 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This is a boost from Mach Natural Resources's previous quarterly dividend of $0.50. This represents a $3.16 dividend on an annualized basis and a yield of 23.26%. Mach Natural Resources's payout ratio is currently 197.50%.

About Mach Natural Resources

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.