Mach Natural Resources LP (NYSE:MNR - Get Free Report) Director William Wallace Mcmullen acquired 79,218 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was purchased at an average price of $13.58 per share, for a total transaction of $1,075,780.44. Following the completion of the transaction, the director now owns 74,366,628 shares in the company, valued at $1,009,898,808.24. The trade was a 0.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
William Wallace Mcmullen also recently made the following trade(s):
- On Thursday, June 12th, William Wallace Mcmullen bought 93,500 shares of Mach Natural Resources stock. The stock was purchased at an average price of $14.29 per share, with a total value of $1,336,115.00.
- On Wednesday, June 11th, William Wallace Mcmullen purchased 72,411 shares of Mach Natural Resources stock. The shares were acquired at an average cost of $14.01 per share, for a total transaction of $1,014,478.11.
Mach Natural Resources Trading Up 1.7%
MNR traded up $0.24 during trading hours on Friday, hitting $14.66. The company's stock had a trading volume of 983,710 shares, compared to its average volume of 238,133. The business's 50-day moving average is $13.64. The company has a quick ratio of 1.16, a current ratio of 1.24 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 9.16 and a beta of -0.17. 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 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). Mach Natural Resources had a net margin of 25.17% and a return on equity of 23.58%. The business had revenue of $227.00 million for the quarter, compared to analyst estimates of $259.09 million. Research 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 announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were paid 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 was Thursday, May 22nd. This represents a $3.16 annualized dividend and a yield of 21.56%. Mach Natural Resources's dividend payout ratio (DPR) is presently 197.50%.
Institutional Trading of Mach Natural Resources
A number of hedge funds and other institutional investors have recently made changes to their positions in MNR. Signaturefd LLC acquired a new stake in shares of Mach Natural Resources in the 4th quarter worth approximately $26,000. Parallel Advisors LLC raised its holdings in 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 purchasing an additional 1,000 shares in the last quarter. Hollencrest Capital Management bought a new stake in Mach Natural Resources during the fourth quarter worth approximately $34,000. Parkside Financial Bank & Trust acquired a new stake in Mach Natural Resources in the fourth quarter worth approximately $43,000. Finally, State of Wyoming bought a new position in Mach Natural Resources during the 1st quarter valued at $108,000. 78.36% of the stock is currently owned by institutional investors.
About Mach Natural Resources
(
Get 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.
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