Insider Buying: Mach Natural Resources (NYSE:MNR) Director Acquires $14,070.00 in Stock

Mach Natural Resources LP (NYSE:MNR) Director Christopher Burn bought 1,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were acquired at an average price of $14.07 per share, for a total transaction of $14,070.00. Following the acquisition, the director owned 14,587 shares in the company, valued at approximately $205,239.09. This represents a 7.36% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mach Natural Resources Stock Up 0.8%

Shares of Mach Natural Resources stock opened at $14.01 on Thursday. Mach Natural Resources LP has a 1 year low of $10.46 and a 1 year high of $15.91. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 12.51 and a beta of -0.24. The company has a 50-day moving average of $12.72 and a 200 day moving average of $12.34. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.05 and a quick ratio of 0.93.

Mach Natural Resources (NYSE:MNR) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.26 by $0.17. The business had revenue of $387.54 million for the quarter, compared to analyst estimates of $357.31 million. Mach Natural Resources had a net margin of 12.16% and a return on equity of 16.91%. As a group, sell-side 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 firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, February 26th were issued a dividend of $0.53 per share. The ex-dividend date was 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 dividend yield of 15.1%. Mach Natural Resources’s dividend payout ratio (DPR) is 189.29%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MNR. Zacks Research upgraded Mach Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Wall Street Zen raised Mach Natural Resources from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. KeyCorp reissued a “sector weight” rating on shares of Mach Natural Resources in a research note on Friday, January 16th. Weiss Ratings upgraded Mach Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 16th. Finally, Stifel Nicolaus lowered their price target on Mach Natural Resources from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Mach Natural Resources has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Institutional Investors Weigh In On Mach Natural Resources

A number of large investors have recently added to or reduced their stakes in MNR. CWM LLC purchased a new stake in Mach Natural Resources during the 3rd quarter valued at $27,000. Hilton Head Capital Partners LLC purchased a new position in shares of Mach Natural Resources in the 4th quarter worth $31,000. Cooksen Wealth LLC grew its holdings in shares of Mach Natural Resources by 87.5% in the second quarter. Cooksen Wealth LLC now owns 2,635 shares of the company’s stock worth $38,000 after acquiring an additional 1,230 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Mach Natural Resources in the fourth quarter worth $42,000. Finally, Kestra Advisory Services LLC purchased a new stake in Mach Natural Resources during the fourth quarter valued at $44,000. Institutional investors own 78.36% of the company’s stock.

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.