Stephens Inc. AR Grows Stake in Mach Natural Resources LP (NYSE:MNR)

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

Several other large investors have also bought and sold shares of MNR. Strategic Financial Concepts LLC increased its position in Mach Natural Resources by 8.3% during the 1st quarter. Strategic Financial Concepts LLC now owns 12,312 shares of the company's stock valued at $191,000 after purchasing an additional 948 shares during the period. Parallel Advisors LLC grew its holdings in shares of Mach Natural Resources by 100.0% during the first quarter. Parallel Advisors LLC now owns 2,000 shares of the company's stock worth $31,000 after buying an additional 1,000 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of Mach Natural Resources by 11.5% during the fourth quarter. XTX Topco Ltd now owns 13,003 shares of the company's stock worth $223,000 after buying an additional 1,341 shares in the last quarter. Signaturefd LLC purchased a new stake in shares of Mach Natural Resources in the fourth quarter valued at about $26,000. Finally, Novem Group grew its holdings in shares of Mach Natural Resources by 14.3% in the first quarter. Novem Group now owns 16,000 shares of the company's stock valued at $249,000 after purchasing an additional 2,000 shares during the period. 78.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director William Wallace Mcmullen acquired 144,900 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were acquired at an average price of $14.96 per share, for a total transaction of $2,167,704.00. Following the completion of the purchase, the director owned 74,812,939 shares in the company, valued at approximately $1,119,201,567.44. This trade represents a 0.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders bought 525,529 shares of company stock valued at $7,588,638. Insiders own 87.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MNR. Wall Street Zen upgraded shares of Mach Natural Resources from a "hold" rating to a "buy" rating in a research report on Friday. Raymond James Financial restated a "strong-buy" rating on shares of Mach Natural Resources in a report on Monday, July 14th.

Mach Natural Resources Stock Down 0.2%

Shares of MNR stock traded down $0.03 on Friday, hitting $14.69. 251,691 shares of the stock were exchanged, compared to its average volume of 267,967. The company has a current ratio of 0.69, a quick ratio of 0.61 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $1.74 billion, a P/E ratio of 9.18 and a beta of -0.07. The business has a 50-day moving average of $14.28 and a 200 day moving average of $14.99. Mach Natural Resources LP has a fifty-two week low of $12.40 and a fifty-two week high of $20.94.

Mach Natural Resources (NYSE:MNR - Get Free Report) last announced its 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). Mach Natural Resources had a return on equity of 20.39% and a net margin of 16.65%. The firm had revenue of $227.00 million for the quarter, compared to the consensus estimate of $259.09 million. Equities analysts anticipate 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 was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were given a $0.79 dividend. The ex-dividend date was Thursday, May 22nd. This is a positive change from Mach Natural Resources's previous quarterly dividend of $0.50. This represents a $3.16 annualized dividend and a dividend yield of 21.51%. Mach Natural Resources's dividend payout ratio (DPR) is 197.50%.

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.