Mach Natural Resources (NYSE:MNR) Insider Tom Ward Buys 153,256 Shares of Stock

Mach Natural Resources LP (NYSE:MNR) insider Tom Ward acquired 153,256 shares of the stock in a transaction dated Monday, April 13th. The shares were bought at an average price of $13.05 per share, with a total value of $1,999,990.80. Following the completion of the purchase, the insider directly owned 13,295,039 shares of the company’s stock, valued at approximately $173,500,258.95. This trade represents a 1.17% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Mach Natural Resources Price Performance

NYSE MNR opened at $12.79 on Tuesday. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 11.42 and a beta of -0.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.05 and a quick ratio of 0.93. The stock’s fifty day moving average price is $13.28 and its 200 day moving average price is $12.34. Mach Natural Resources LP has a 1 year low of $10.46 and a 1 year high of $15.60.

Mach Natural Resources (NYSE:MNR) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.17. Mach Natural Resources had a return on equity of 16.91% and a net margin of 12.16%.The business had revenue of $387.54 million for the quarter, compared to analyst estimates of $357.31 million. As a group, equities research analysts forecast that Mach Natural Resources LP will post 1.95 earnings per share for the current year.

Mach Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, February 26th were issued a $0.53 dividend. This is a boost from Mach Natural Resources’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Thursday, February 26th. This represents a $2.12 annualized dividend and a dividend yield of 16.6%. Mach Natural Resources’s payout ratio is presently 189.29%.

Analyst Ratings Changes

Several brokerages recently weighed in on MNR. Truist Financial began coverage on Mach Natural Resources in a research report on Tuesday, March 24th. They set a “hold” rating and a $14.00 price target for the company. Wall Street Zen raised shares of Mach Natural Resources from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 4th. Weiss Ratings upgraded shares of Mach Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 16th. KeyCorp reissued a “sector weight” rating on shares of Mach Natural Resources in a report on Friday, January 16th. Finally, Zacks Research upgraded shares of Mach Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Mach Natural Resources currently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Institutional Trading of Mach Natural Resources

Several institutional investors have recently bought and sold shares of MNR. CWM LLC purchased a new stake in shares of Mach Natural Resources in the third quarter valued at approximately $27,000. Hilton Head Capital Partners LLC acquired a new stake in Mach Natural Resources in the 4th quarter valued at $31,000. Cooksen Wealth LLC grew its stake 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 acquiring an additional 1,230 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Mach Natural Resources in the 4th quarter worth $42,000. Finally, Kestra Advisory Services LLC purchased a new stake in Mach Natural Resources in the 4th quarter worth $44,000. 78.36% of the stock is owned by institutional investors and hedge funds.

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.