CIBC Bancorp USA Inc. Acquires Shares of 601,400 Mach Natural Resources LP $MNR

CIBC Bancorp USA Inc. purchased a new position in shares of Mach Natural Resources LP (NYSE:MNR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 601,400 shares of the company’s stock, valued at approximately $7,926,000. CIBC Bancorp USA Inc. owned about 0.36% of Mach Natural Resources as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MNR. Cooksen Wealth LLC boosted its holdings in Mach Natural Resources by 87.5% in the 2nd quarter. Cooksen Wealth LLC now owns 2,635 shares of the company’s stock valued at $38,000 after purchasing an additional 1,230 shares in the last quarter. Arrow Investment Advisors LLC grew its holdings in Mach Natural Resources by 12.9% in the third quarter. Arrow Investment Advisors LLC now owns 12,216 shares of the company’s stock valued at $161,000 after purchasing an additional 1,400 shares during the last quarter. CWM LLC acquired a new stake in Mach Natural Resources in the 3rd quarter valued at about $27,000. Arlington Trust Co LLC purchased a new position in shares of Mach Natural Resources during the 3rd quarter worth approximately $53,000. Finally, Zuckerman Investment Group LLC grew its holdings in Mach Natural Resources by 5.6% during the 3rd quarter. Zuckerman Investment Group LLC now owns 95,000 shares of the company’s stock valued at $1,252,000 after buying an additional 5,000 shares during the last quarter. 78.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MNR has been the subject of a number of analyst reports. Weiss Ratings raised Mach Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. KeyCorp reiterated a “sector weight” rating on shares of Mach Natural Resources in a research report on Friday, January 16th. Zacks Research raised shares of Mach Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Wall Street Zen upgraded shares of Mach Natural Resources from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Stifel Nicolaus decreased their price target on shares of Mach Natural Resources from $22.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Mach Natural Resources has an average rating of “Moderate Buy” and an average price target of $20.00.

Mach Natural Resources Trading Down 1.2%

NYSE MNR opened at $13.85 on Friday. The company has a market capitalization of $2.33 billion, a PE ratio of 12.36 and a beta of -0.24. The company has a current ratio of 1.05, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. Mach Natural Resources LP has a 1-year low of $10.46 and a 1-year high of $15.91. The firm’s fifty day simple moving average is $12.54 and its 200-day simple moving average is $12.35.

Mach Natural Resources (NYSE:MNR) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.17. The firm had revenue of $387.54 million during the quarter, compared to analysts’ expectations 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 company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, February 26th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 15.3%. This is an increase from Mach Natural Resources’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Thursday, February 26th. Mach Natural Resources’s dividend payout ratio (DPR) is 189.29%.

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.