Citadel Advisors LLC trimmed its holdings in Mach Natural Resources LP (NYSE:MNR - Free Report) by 44.5% in the fourth quarter, according to its most recent disclosure with the Securities & 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 hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Avior Wealth Management LLC grew its position in Mach Natural Resources by 33.3% during the 4th quarter. Avior Wealth Management LLC now owns 12,000 shares of the company's stock worth $206,000 after purchasing an additional 3,000 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in Mach Natural Resources by 7.7% in the 4th quarter. Chicago Partners Investment Group LLC now owns 242,118 shares of the company's stock valued at $4,145,000 after buying an additional 17,215 shares during the period. Strategic Financial Concepts LLC lifted its stake in shares of 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 worth $3,354,000 after acquiring an additional 183,870 shares during the period. ING Groep NV purchased a new stake in shares of Mach Natural Resources in the fourth quarter valued at about $412,000. Finally, Parkside Financial Bank & Trust purchased a new position in Mach Natural Resources during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 78.36% of the company's stock.
Mach Natural Resources Trading Down 0.4%
Shares of NYSE MNR traded down $0.06 during trading on Thursday, reaching $13.52. The company had a trading volume of 31,000 shares, compared to its average volume of 297,108. The stock has a market capitalization of $1.60 billion, a PE ratio of 8.45 and a beta of -0.28. The business's 50-day simple moving average is $13.96. Mach Natural Resources LP has a twelve month low of $12.40 and a twelve month high of $20.94. The company has a quick ratio of 1.16, a current ratio of 1.24 and a debt-to-equity ratio of 0.56.
Mach Natural Resources (NYSE:MNR - Get Free Report) last issued 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). The firm had revenue of $227.00 million for the quarter, compared to analysts' expectations of $259.09 million. Mach Natural Resources had a return on equity of 23.58% and a net margin of 25.17%. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be issued a dividend of $0.79 per share. This is a boost from Mach Natural Resources's previous quarterly dividend of $0.50. The ex-dividend date is Thursday, May 22nd. This represents a $3.16 annualized dividend and a dividend yield of 23.37%. Mach Natural Resources's dividend payout ratio (DPR) is 197.50%.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Stifel Nicolaus raised their target price on Mach Natural Resources from $21.00 to $23.00 and gave the company a "buy" rating in a report on Friday, February 7th. Raymond James restated a "strong-buy" rating and set a $25.00 target price (up from $23.00) on shares of Mach Natural Resources in a report on Monday, February 10th.
Check Out Our Latest Stock Report on MNR
About Mach Natural Resources
(
Free Report)
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.
Further Reading
Before you consider Mach Natural Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mach Natural Resources wasn't on the list.
While Mach Natural Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
