Mach Natural Resources LP (NYSE:MNR) Director Acquires $2,167,704.00 in Stock

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

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 acquired 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 acquired 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 acquired 72,411 shares of Mach Natural Resources stock. The shares were bought 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 Price Performance

Shares of MNR stock traded up $0.00 during mid-day trading on Friday, hitting $15.36. The stock had a trading volume of 199,132 shares, compared to its average volume of 246,151. Mach Natural Resources LP has a fifty-two week low of $12.40 and a fifty-two week high of $20.94. The company has a current ratio of 0.69, a quick ratio of 0.61 and a debt-to-equity ratio of 0.33. The company has a 50-day simple moving average of $13.76. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 9.58 and a beta of -0.17.

Mach Natural Resources (NYSE:MNR - Get Free Report) last announced its quarterly earnings data 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 16.65% and a return on equity of 20.39%. The firm had revenue of $227.00 million during the quarter, compared to analyst estimates of $259.09 million. On average, analysts expect that Mach Natural Resources LP will post 1.95 EPS for the current year.

Mach Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were paid a $0.79 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This is an increase from Mach Natural Resources's previous quarterly dividend of $0.50. This represents a $3.16 dividend on an annualized basis and a dividend yield of 20.57%. Mach Natural Resources's payout ratio is 197.50%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Strategic Financial Concepts LLC boosted its position in shares of Mach Natural Resources by 8.3% during the 1st quarter. Strategic Financial Concepts LLC now owns 12,312 shares of the company's stock worth $191,000 after purchasing an additional 948 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Mach Natural Resources by 100.0% in the first quarter. Parallel Advisors LLC now owns 2,000 shares of the company's stock valued at $31,000 after purchasing an additional 1,000 shares during the period. XTX Topco Ltd boosted its holdings in Mach Natural Resources by 11.5% during the fourth quarter. XTX Topco Ltd now owns 13,003 shares of the company's stock worth $223,000 after buying an additional 1,341 shares in the last quarter. Signaturefd LLC acquired a new position in Mach Natural Resources during the fourth quarter worth about $26,000. Finally, Hollencrest Capital Management acquired a new position in Mach Natural Resources during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 78.36% of the company's stock.

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.