William Wallace Mcmullen Buys 144,900 Shares of Mach Natural Resources LP (NYSE:MNR) Stock

Mach Natural Resources LP (NYSE:MNR - Get Free Report) Director William Wallace Mcmullen purchased 144,900 shares of the business's stock in a transaction on Monday, June 16th. The shares were bought at an average price of $14.96 per share, for a total transaction of $2,167,704.00. Following the purchase, the director now directly owns 74,812,939 shares in the company, valued at $1,119,201,567.44. This represents a 0.19% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, June 13th, William Wallace Mcmullen acquired 135,500 shares of Mach Natural Resources stock. The shares were bought at an average cost of $14.72 per share, for a total transaction of $1,994,560.00.
• 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 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 acquired 79,218 shares of Mach Natural Resources stock. The stock was purchased at an average cost of $13.58 per share, for a total transaction of $1,075,780.44.

Mach Natural Resources Trading Up 1.7%

NYSE MNR traded up $0.25 on Tuesday, hitting $14.95. 606,502 shares of the company's stock traded hands, compared to its average volume of 244,075. The stock's 50-day moving average price is $13.67. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 9.34 and a beta of -0.17. The company has a quick ratio of 1.16, a current ratio of 1.24 and a debt-to-equity ratio of 0.56. Mach Natural Resources LP has a 1-year low of $12.40 and a 1-year high of $20.94.

Mach Natural Resources (NYSE:MNR - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). The business had revenue of $227.00 million for the quarter, compared to analyst estimates of $259.09 million. Mach Natural Resources had a net margin of 25.17% and a return on equity of 23.58%. On average, research analysts anticipate 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. Investors of record on Thursday, May 22nd were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 21.14%. This is a positive change from Mach Natural Resources's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, May 22nd. Mach Natural Resources's dividend payout ratio (DPR) is 197.50%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sei Investments Co. increased its holdings in shares of Mach Natural Resources by 8.4% during 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 in the last quarter. Zuckerman Investment Group LLC increased its holdings in Mach Natural Resources by 34.6% in the fourth quarter. Zuckerman Investment Group LLC now owns 105,000 shares of the company's stock valued at $1,843,000 after buying an additional 27,000 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Mach Natural Resources in the fourth quarter worth about $5,128,000. Invesco Ltd. purchased a new stake in shares of Mach Natural Resources during the 4th quarter worth about $3,079,000. Finally, ING Groep NV acquired a new stake in shares of Mach Natural Resources during the 4th quarter valued at about $412,000. 78.36% of the stock is owned by institutional investors and hedge funds.

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.

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