Janney Montgomery Scott LLC Makes New Investment in Mach Natural Resources LP (NYSE:MNR)

Janney Montgomery Scott LLC acquired a new stake in shares of Mach Natural Resources LP (NYSE:MNR) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,254 shares of the company’s stock, valued at approximately $191,000.

Several other hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in Mach Natural Resources in the fourth quarter worth $5,128,000. Invesco Ltd. acquired a new position in Mach Natural Resources in the fourth quarter worth about $3,079,000. Stifel Financial Corp lifted its stake in Mach Natural Resources by 23.6% during the fourth quarter. Stifel Financial Corp now owns 295,080 shares of the company’s stock worth $5,069,000 after purchasing an additional 56,306 shares during the period. Zuckerman Investment Group LLC boosted its holdings in Mach Natural Resources by 34.6% during the fourth quarter. Zuckerman Investment Group LLC now owns 105,000 shares of the company’s stock valued at $1,843,000 after purchasing an additional 27,000 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Mach Natural Resources in the 4th quarter worth approximately $364,000. Institutional investors own 78.36% of the company’s stock.

Insider Activity

In related news, Director William Wallace Mcmullen bought 144,900 shares of Mach Natural Resources stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average cost of $14.96 per share, with a total value of $2,167,704.00. Following the purchase, the director owned 74,812,939 shares in the company, valued at approximately $1,119,201,567.44. This trade represents a 0.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought 525,529 shares of company stock valued at $7,588,638 in the last ninety days. 87.80% of the stock is owned by corporate insiders.

Mach Natural Resources Price Performance

NYSE:MNR opened at $14.75 on Monday. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 9.22 and a beta of -0.07. The company has a 50-day moving average price of $14.04. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.61 and a current ratio of 0.69. Mach Natural Resources LP has a 12 month low of $12.40 and a 12 month high of $20.94.

Mach Natural Resources (NYSE:MNR) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.01). Mach Natural Resources had a return on equity of 20.39% and a net margin of 16.65%. The firm had revenue of $227.00 million for the quarter, compared to analyst estimates of $259.09 million. On average, research analysts expect that Mach Natural Resources LP will post 1.95 EPS for the current fiscal year.

Mach Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were issued a dividend of $0.79 per share. The ex-dividend date was Thursday, May 22nd. This is a positive change from Mach Natural Resources’s previous quarterly dividend of $0.50. This represents a $3.16 annualized dividend and a yield of 21.42%. Mach Natural Resources’s payout ratio is currently 197.50%.

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.