Mach Natural Resources LP (NYSE:MNR) Shares Acquired by Stephens Inc. AR

Stephens Inc. AR grew its stake in shares of Mach Natural Resources LP (NYSE:MNR - Free Report) by 81.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,410 shares of the company's stock after purchasing an additional 64,410 shares during the quarter. Stephens Inc. AR owned approximately 0.12% of Mach Natural Resources worth $2,230,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Mach Natural Resources in the 4th quarter worth $5,128,000. Invesco Ltd. purchased a new position in shares of Mach Natural Resources during the 4th quarter worth $3,079,000. Stifel Financial Corp grew its holdings in shares of Mach Natural Resources by 23.6% during the 4th quarter. Stifel Financial Corp now owns 295,080 shares of the company's stock worth $5,069,000 after purchasing an additional 56,306 shares during the period. Zuckerman Investment Group LLC grew its holdings in shares of Mach Natural Resources by 34.6% during the 4th quarter. Zuckerman Investment Group LLC now owns 105,000 shares of the company's stock worth $1,843,000 after purchasing an additional 27,000 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Mach Natural Resources during the 4th quarter worth $364,000. 78.36% of the stock is currently owned by institutional investors.

Mach Natural Resources Stock Performance

Shares of MNR stock traded up $0.06 during midday trading on Thursday, hitting $14.83. The company had a trading volume of 207,065 shares, compared to its average volume of 265,943. The company's 50 day simple moving average is $14.24 and its 200 day simple moving average is $15.02. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.69 and a quick ratio of 0.61. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 9.27 and a beta of -0.07. Mach Natural Resources LP has a 52-week low of $12.40 and a 52-week high of $20.94.

Mach Natural Resources (NYSE:MNR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 20.39% and a net margin of 16.65%. Research analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were given a $0.79 dividend. This is an increase from Mach Natural Resources's previous quarterly dividend of $0.50. The ex-dividend date was Thursday, May 22nd. This represents a $3.16 annualized dividend and a dividend yield of 21.31%. Mach Natural Resources's dividend payout ratio is presently 197.50%.

Insider Buying and Selling at Mach Natural Resources

In related news, Director William Wallace Mcmullen bought 144,900 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was bought at an average price of $14.96 per share, with a total value of $2,167,704.00. Following the completion of the transaction, the director directly owned 74,812,939 shares of the company's stock, valued at approximately $1,119,201,567.44. This represents a 0.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 525,529 shares of company stock valued at $7,588,638 over the last ninety days. 87.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial restated a "strong-buy" rating on shares of Mach Natural Resources in a report on Monday.

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.