21,216 Shares in Mach Natural Resources LP (NYSE:MNR) Acquired by Susquehanna Fundamental Investments LLC

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC purchased a new position in Mach Natural Resources during the fourth quarter worth $26,000. Hollencrest Capital Management purchased a new position in shares of Mach Natural Resources during the 4th quarter worth about $34,000. Parkside Financial Bank & Trust bought a new position in Mach Natural Resources during the 4th quarter valued at about $43,000. Avior Wealth Management LLC raised its position in Mach Natural Resources by 33.3% in the 4th quarter. Avior Wealth Management LLC now owns 12,000 shares of the company's stock worth $206,000 after purchasing an additional 3,000 shares during the period. Finally, XTX Topco Ltd lifted its stake in Mach Natural Resources by 11.5% in the fourth quarter. XTX Topco Ltd now owns 13,003 shares of the company's stock worth $223,000 after purchasing an additional 1,341 shares during the last quarter. Hedge funds and other institutional investors own 78.36% of the company's stock.

Mach Natural Resources Trading Down 0.6 %

Shares of MNR stock traded down $0.08 during mid-day trading on Wednesday, reaching $13.27. The stock had a trading volume of 104,877 shares, compared to its average volume of 215,212. The business has a fifty day moving average of $14.15. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 6.98 and a beta of -0.28. Mach Natural Resources LP has a 1-year low of $12.40 and a 1-year 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.

Mach Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 15.07%. The ex-dividend date was Thursday, February 27th. Mach Natural Resources's payout ratio is 105.26%.

Insiders Place Their Bets

In related news, Director William Wallace Mcmullen acquired 5,161,290 shares of Mach Natural Resources stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of $15.50 per share, for a total transaction of $79,999,995.00. Following the completion of the transaction, the director now owns 74,287,410 shares in the company, valued at $1,151,454,855. This represents a 7.47 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 87.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MNR. Truist Financial increased their target price on Mach Natural Resources from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Stifel Nicolaus lifted their price objective on shares of Mach Natural Resources from $21.00 to $23.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Raymond James restated a "strong-buy" rating and issued a $25.00 target price (up from $23.00) on shares of Mach Natural Resources in a research note 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.