Mach Natural Resources LP (NYSE:MNR) Plans Dividend Increase – $0.53 Per Share

Mach Natural Resources LP (NYSE:MNR) announced a quarterly dividend on Thursday, February 12th. Stockholders of record on Thursday, February 26th will be given a dividend of 0.53 per share on Thursday, March 12th. This represents a c) annualized dividend and a dividend yield of 16.9%. The ex-dividend date of this dividend is Thursday, February 26th. This is a 96.3% increase from Mach Natural Resources’s previous quarterly dividend of $0.27.

Mach Natural Resources has a dividend payout ratio of 48.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Mach Natural Resources to earn $2.54 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 42.5%.

Mach Natural Resources Stock Performance

Shares of MNR opened at $12.55 on Friday. Mach Natural Resources has a one year low of $10.46 and a one year high of $16.65. The company has a 50-day simple moving average of $11.52 and a two-hundred day simple moving average of $12.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.00 and a quick ratio of 0.87. The firm has a market capitalization of $2.11 billion, a PE ratio of 13.07 and a beta of -0.09.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in shares of Mach Natural Resources by 4.1% during the 2nd quarter. American Century Companies Inc. now owns 2,578,929 shares of the company’s stock worth $37,240,000 after acquiring an additional 100,574 shares during the last quarter. Cooper Creek Partners Management LLC purchased a new position in Mach Natural Resources during the second quarter valued at $3,487,000. Franklin Resources Inc. grew its holdings in Mach Natural Resources by 115.6% during the second quarter. Franklin Resources Inc. now owns 391,720 shares of the company’s stock valued at $5,656,000 after purchasing an additional 209,993 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in Mach Natural Resources in the second quarter worth about $192,000. Finally, ING Groep NV increased its position in Mach Natural Resources by 85.4% in the third quarter. ING Groep NV now owns 827,000 shares of the company’s stock worth $10,900,000 after buying an additional 381,000 shares in the last quarter. 78.36% of the stock is owned by hedge funds and other institutional investors.

About Mach Natural Resources

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. The company was incorporated in 2023 and is headquartered in Oklahoma City, Oklahoma.