Mach Natural Resources (NYSE:MNR) Director William Wallace Mcmullen Acquires 3,215 Shares of Stock

Mach Natural Resources LP (NYSE:MNRGet Free Report) Director William Wallace Mcmullen acquired 3,215 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was bought at an average cost of $13.63 per share, with a total value of $43,820.45. Following the acquisition, the director owned 74,859,917 shares in the company, valued at $1,020,340,668.71. The trade was a 0.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

William Wallace Mcmullen also recently made the following trade(s):

  • On Friday, March 20th, William Wallace Mcmullen acquired 2,500 shares of Mach Natural Resources stock. The stock was purchased at an average cost of $14.00 per share, with a total value of $35,000.00.
  • On Thursday, March 19th, William Wallace Mcmullen purchased 3,570 shares of Mach Natural Resources stock. The shares were acquired at an average cost of $14.00 per share, for a total transaction of $49,980.00.

Mach Natural Resources Stock Performance

MNR opened at $13.75 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 1.05 and a debt-to-equity ratio of 0.58. Mach Natural Resources LP has a 12-month low of $10.46 and a 12-month high of $15.91. The business has a 50 day moving average of $12.60 and a 200-day moving average of $12.33. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 12.28 and a beta of -0.24.

Mach Natural Resources (NYSE:MNRGet Free Report) last posted its earnings results on Thursday, March 12th. The company reported $0.43 earnings per share for the quarter, topping 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. On average, equities research analysts expect 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 declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, February 26th were paid a $0.53 dividend. This is an increase from Mach Natural Resources’s previous quarterly dividend of $0.27. The ex-dividend date was Thursday, February 26th. This represents a $2.12 dividend on an annualized basis and a yield of 15.4%. Mach Natural Resources’s dividend payout ratio (DPR) is currently 189.29%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MNR. CWM LLC bought a new stake in Mach Natural Resources during the third quarter worth about $27,000. Hilton Head Capital Partners LLC bought a new position in Mach Natural Resources in the 4th quarter valued at about $31,000. Cooksen Wealth LLC raised its position in shares of 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 buying an additional 1,230 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Mach Natural Resources in the 4th quarter valued at approximately $42,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Mach Natural Resources during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 78.36% of the company’s stock.

Mach Natural Resources News Roundup

Here are the key news stories impacting Mach Natural Resources this week:

  • Positive Sentiment: Director William Wallace McMullen made several open-market buys between Mar 19–23 (3,570 @ $14.00, 2,500 @ $14.00 and 3,215 @ $13.63), totaling ~9,285 shares (~$129k). The buys signal insider confidence, though they are small relative to his ~74.85M-share position. SEC Filing for W. W. McMullen
  • Positive Sentiment: Director Christopher Burn purchased 1,000 shares on Mar 19 at ~$14.07, a ~7.36% increase in his personal stake — a smaller-dollar but more meaningful ownership increase for that director. SEC Filing for C. Burn
  • Positive Sentiment: Coverage note — TipRanks summarized the recent insider activity as “bold moves,” highlighting the cluster of purchases that can be read as management signaling confidence in the business. Insiders Make Bold Moves on Mach Natural Resources LP Stock
  • Neutral Sentiment: Analyst action — Truist initiated a Hold on MNR, citing a balanced risk/reward where valuation already reflects “distressed-asset MLP” upside; that tempering view can limit near-term analyst-driven buying. Balanced Risk/Reward Keeps Mach Natural Resources at Hold

Analysts Set New Price Targets

MNR has been the subject of several recent research reports. Zacks Research upgraded Mach Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Stifel Nicolaus lowered 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 report on Tuesday, January 6th. KeyCorp reissued a “sector weight” rating on shares of Mach Natural Resources in a report on Friday, January 16th. Weiss Ratings upgraded shares of Mach Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 16th. Finally, Wall Street Zen upgraded shares of Mach Natural Resources from a “hold” rating to a “buy” rating in a research report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.00.

Get Our Latest Research Report on Mach Natural Resources

About Mach Natural Resources

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Mach Natural Resources (NYSE:MNR)

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