Mach Natural Resources LP (NYSE:MNR) Short Interest Update

Mach Natural Resources LP (NYSE:MNR) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 880,761 shares, a decrease of 55.9% from the April 30th total of 1,997,614 shares. Based on an average trading volume of 517,240 shares, the short-interest ratio is currently 1.7 days. Currently, 4.3% of the company’s stock are sold short.

Insiders Place Their Bets

In other Mach Natural Resources news, major shareholder General Partner S.A R.L. Ikav sold 5,557,679 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $12.81, for a total transaction of $71,193,867.99. Following the transaction, the insider owned 4,259,110 shares in the company, valued at approximately $54,559,199.10. This represents a 56.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Wallace Mcmullen bought 3,570 shares of Mach Natural Resources stock in a transaction on Thursday, March 19th. The shares were purchased at an average price of $14.00 per share, for a total transaction of $49,980.00. Following the acquisition, the director directly owned 74,854,202 shares in the company, valued at approximately $1,047,958,828. This trade represents a 0.00% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 163,541 shares of company stock worth $2,142,861. Company insiders own 87.80% of the company’s stock.

Hedge Funds Weigh In On Mach Natural Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. Hilton Head Capital Partners LLC bought a new position in shares of Mach Natural Resources during the 4th quarter valued at $31,000. Cooksen Wealth LLC lifted its holdings in shares of 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 period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Mach Natural Resources during the 4th quarter valued at $42,000. Kestra Advisory Services LLC bought a new position in shares of Mach Natural Resources during the 4th quarter valued at $44,000. Finally, CENTRAL TRUST Co lifted its holdings in shares of Mach Natural Resources by 384.7% during the 1st quarter. CENTRAL TRUST Co now owns 4,992 shares of the company’s stock valued at $70,000 after buying an additional 3,962 shares during the period. 78.36% of the stock is owned by institutional investors.

Mach Natural Resources Stock Up 0.5%

MNR stock traded up $0.07 during midday trading on Monday, hitting $13.35. The company’s stock had a trading volume of 390,768 shares, compared to its average volume of 502,303. The company has a market cap of $2.25 billion, a PE ratio of 5.60 and a beta of -0.32. Mach Natural Resources has a 12 month low of $10.46 and a 12 month high of $15.60. The company has a current ratio of 0.83, a quick ratio of 0.73 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average is $13.62 and its 200-day moving average is $12.62.

Mach Natural Resources (NYSE:MNR) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.23. The business had revenue of $286.00 million for the quarter, compared to analysts’ expectations of $397.61 million. Mach Natural Resources had a return on equity of 18.46% and a net margin of 7.46%. On average, equities research analysts forecast that Mach Natural Resources will post 1.54 earnings per share for the current fiscal year.

Mach Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be given a $0.64 dividend. This is a boost from Mach Natural Resources’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $2.56 annualized dividend and a yield of 19.2%. Mach Natural Resources’s payout ratio is currently 332.47%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MNR. Zacks Research downgraded Mach Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Truist Financial began coverage on Mach Natural Resources in a research note on Tuesday, March 24th. They issued a “hold” rating and a $14.00 price target on the stock. Wall Street Zen downgraded Mach Natural Resources from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings downgraded Mach Natural Resources from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. Two investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

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.