Susquehanna Fundamental Investments LLC Invests $364,000 in Mach Natural Resources LP (NYSE:MNR)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Mach Natural Resources LP (NYSE:MNR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 21,216 shares of the company's stock, valued at approximately $364,000.

Several other institutional investors and hedge funds have also made changes to their positions in MNR. Sei Investments Co. raised its stake in Mach Natural Resources by 8.4% in the 4th quarter. Sei Investments Co. now owns 271,608 shares of the company's stock valued at $4,666,000 after purchasing an additional 21,101 shares during the last quarter. Franklin Resources Inc. increased its stake in Mach Natural Resources by 13.7% in the third quarter. Franklin Resources Inc. now owns 138,800 shares of the company's stock valued at $2,354,000 after purchasing an additional 16,725 shares during the last quarter. Zuckerman Investment Group LLC increased its position in Mach Natural Resources by 34.6% during the fourth quarter. Zuckerman Investment Group LLC now owns 105,000 shares of the company's stock worth $1,843,000 after buying an additional 27,000 shares during the period. Chicago Partners Investment Group LLC grew its stake in shares of 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 purchasing an additional 17,215 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Mach Natural Resources during the fourth quarter worth about $5,128,000. 78.36% of the stock is currently owned by institutional investors and hedge funds.

Mach Natural Resources Stock Performance

MNR traded up $0.56 during trading on Friday, reaching $14.02. The company had a trading volume of 392,483 shares, compared to its average volume of 217,151. The company has a 50-day moving average of $14.10. Mach Natural Resources LP has a 12-month low of $12.40 and a 12-month high of $20.96. The company has a current ratio of 1.24, a quick ratio of 1.16 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $1.66 billion, a P/E ratio of 7.38 and a beta of -0.28.

Mach Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 14.27%. The ex-dividend date of this dividend was Thursday, February 27th. Mach Natural Resources's dividend payout ratio is 105.26%.

Wall Street Analysts Forecast Growth

MNR has been the topic of several research reports. Truist Financial increased their price target on shares of Mach Natural Resources from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Stifel Nicolaus boosted their price objective on Mach Natural Resources from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Raymond James reissued a "strong-buy" rating and issued a $25.00 price target (up previously from $23.00) on shares of Mach Natural Resources in a report on Monday, February 10th.

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.