Mach Natural Resources LP (NYSE:MNR) Director Acquires $44,393.15 in Stock

Key Points

• Director William Wallace Mcmullen of Mach Natural Resources LP purchased 3,085 shares at an average price of $14.39 each, totaling approximately $44,393.15.
• The company reported a solid EPS of $0.76 for the last quarter, exceeding analysts' estimates of $0.53, with revenues of $288.52 million against $237.56 million expected.
• Analysts have varied ratings on Mach Natural Resources, with Wall Street Zen downgrading it from "buy" to "hold," while Raymond James maintained a "strong-buy" recommendation.

Mach Natural Resources LP (NYSE:MNR - Get Free Report) Director William Wallace Mcmullen acquired 3,085 shares of the company's stock in a transaction dated Monday, August 11th. The shares were acquired at an average price of $14.39 per share, for a total transaction of $44,393.15. Following the completion of the purchase, the director owned 74,816,024 shares of the company's stock, valued at approximately $1,076,602,585.36. This represents a 0.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

William Wallace Mcmullen also recently made the following trade(s):

• On Monday, June 16th, William Wallace Mcmullen bought 144,900 shares of Mach Natural Resources stock. The shares were purchased at an average cost of $14.96 per share, with a total value of $2,167,704.00.
• On Friday, June 13th, William Wallace Mcmullen bought 135,500 shares of Mach Natural Resources stock. The shares were purchased at an average cost of $14.72 per share, with a total value of $1,994,560.00.
• On Thursday, June 12th, William Wallace Mcmullen bought 93,500 shares of Mach Natural Resources stock. The shares were purchased at an average cost of $14.29 per share, with a total value of $1,336,115.00.
• On Wednesday, June 11th, William Wallace Mcmullen bought 72,411 shares of Mach Natural Resources stock. The shares were purchased at an average cost of $14.01 per share, with a total value of $1,014,478.11.
• On Tuesday, June 10th, William Wallace Mcmullen bought 79,218 shares of Mach Natural Resources stock. The shares were purchased at an average cost of $13.58 per share, with a total value of $1,075,780.44.

Mach Natural Resources Stock Performance

Shares of Mach Natural Resources stock traded down $0.01 during trading on Thursday, hitting $14.49. 145,547 shares of the company's stock were exchanged, compared to its average volume of 331,463. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.69 and a current ratio of 0.79. The business has a 50-day simple moving average of $14.69 and a 200-day simple moving average of $14.64. Mach Natural Resources LP has a 52-week low of $12.40 and a 52-week high of $20.94. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 7.47 and a beta of -0.07.

Mach Natural Resources (NYSE:MNR - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.23. Mach Natural Resources had a net margin of 20.83% and a return on equity of 23.23%. The firm had revenue of $288.52 million during the quarter, compared to analysts' expectations of $237.56 million. On average, research analysts forecast that Mach Natural Resources LP will post 1.95 EPS for the current year.

Wall Street Analysts Forecast Growth

MNR has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Mach Natural Resources from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Mach Natural Resources in a report on Monday, July 14th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC grew its position in Mach Natural Resources by 100.0% during the first quarter. Parallel Advisors LLC now owns 2,000 shares of the company's stock valued at $31,000 after buying an additional 1,000 shares during the period. Chung Wu Investment Group LLC acquired a new stake in Mach Natural Resources during the second quarter valued at $38,000. State of Wyoming acquired a new stake in Mach Natural Resources during the first quarter valued at $108,000. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in Mach Natural Resources during the second quarter valued at $144,000. Finally, Wedbush Securities Inc. acquired a new stake in Mach Natural Resources during the second quarter valued at $149,000. Hedge funds and other institutional investors own 78.36% of the company's stock.

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.