GSA Capital Partners LLP Sells 84,154 Shares of Mach Natural Resources LP $MNR

GSA Capital Partners LLP trimmed its stake in shares of Mach Natural Resources LP (NYSE:MNR) by 78.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,668 shares of the company’s stock after selling 84,154 shares during the quarter. GSA Capital Partners LLP’s holdings in Mach Natural Resources were worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC purchased a new stake in shares of Mach Natural Resources during the third quarter valued at approximately $27,000. Cooksen Wealth LLC raised its holdings in Mach Natural Resources by 87.5% during the 2nd quarter. Cooksen Wealth LLC now owns 2,635 shares of the company’s stock valued at $38,000 after buying an additional 1,230 shares during the last quarter. Arlington Trust Co LLC purchased a new stake in Mach Natural Resources during the 3rd quarter valued at $53,000. Osaic Holdings Inc. grew its holdings in Mach Natural Resources by 208.5% in the 2nd quarter. Osaic Holdings Inc. now owns 8,302 shares of the company’s stock worth $120,000 after acquiring an additional 5,611 shares during the last quarter. Finally, Wedbush Securities Inc. purchased a new position in shares of Mach Natural Resources in the second quarter valued at about $149,000. Institutional investors own 78.36% of the company’s stock.

Mach Natural Resources Stock Up 0.9%

MNR stock opened at $13.01 on Friday. Mach Natural Resources LP has a fifty-two week low of $10.46 and a fifty-two week high of $15.91. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 13.55 and a beta of -0.09. The business’s 50 day moving average price is $11.84 and its two-hundred day moving average price is $12.43. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 1.00.

Mach Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 26th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, February 26th. This is a positive change from Mach Natural Resources’s previous quarterly dividend of $0.27. This represents a $2.12 annualized dividend and a yield of 16.3%. Mach Natural Resources’s payout ratio is currently 220.83%.

Wall Street Analysts Forecast Growth

MNR has been the subject of a number of analyst reports. Northland Securities set a $20.00 target price on shares of Mach Natural Resources in a report on Monday, November 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Mach Natural Resources in a report on Monday, December 29th. Zacks Research lowered Mach Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Stifel Nicolaus decreased their target price on Mach Natural Resources from $22.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Mach Natural Resources in a research note on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

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