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

Citadel Advisors LLC lowered its stake in shares of Mach Natural Resources LP (NYSE:MNR - Free Report) by 44.5% in the 4th quarter, according to its most recent Form 13F filing 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 0.09% of Mach Natural Resources worth $1,653,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sei Investments Co. grew its holdings in Mach Natural Resources by 8.4% during the fourth quarter. Sei Investments Co. now owns 271,608 shares of the company's stock worth $4,666,000 after buying an additional 21,101 shares in the last quarter. Zuckerman Investment Group LLC grew its holdings in Mach Natural Resources by 34.6% during the fourth quarter. Zuckerman Investment Group LLC now owns 105,000 shares of the company's stock worth $1,843,000 after buying an additional 27,000 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in Mach Natural Resources by 7.7% during 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 in the last quarter. Raymond James Financial Inc. bought a new position in Mach Natural Resources in the 4th quarter valued at $5,128,000. Finally, Strategic Financial Concepts LLC grew its stake in Mach Natural Resources by 1,618.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 195,234 shares of the company's stock valued at $3,354,000 after purchasing an additional 183,870 shares during the period. Institutional investors own 78.36% of the company's stock.

Mach Natural Resources Price Performance

Shares of NYSE MNR traded down $0.07 during trading on Thursday, reaching $13.51. 110,243 shares of the stock traded hands, compared to its average volume of 225,982. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.24 and a quick ratio of 1.16. The stock has a market cap of $1.60 billion, a PE ratio of 8.44 and a beta of -0.28. Mach Natural Resources LP has a 52-week low of $12.40 and a 52-week high of $20.94. The firm has a 50-day moving average of $13.92.

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

Mach Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be issued a $0.79 dividend. This is a positive change from Mach Natural Resources's previous quarterly dividend of $0.50. This represents a $3.16 dividend on an annualized basis and a dividend yield of 23.39%. The ex-dividend date of this dividend is Thursday, May 22nd. Mach Natural Resources's dividend payout ratio (DPR) is presently 197.50%.

Wall Street Analyst Weigh In

MNR has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on shares of Mach Natural Resources from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Raymond James reissued a "strong-buy" rating and set 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.