Key Points
- Insider Tom Ward purchased 153,256 shares at an average price of $13.05 (≈$1.999M), raising his direct ownership to 13,295,039 shares—a 1.17% increase.
- Dividend sharply increased to $0.53 quarterly (annualized $2.12) for a 16.6% yield, while the payout ratio is very high at 189.29%.
- The company beat quarterly estimates with EPS $0.43 vs. $0.26 expected and revenue $387.5M vs. $357.3M, and analysts hold a "Moderate Buy" consensus with an average target of $18.50.
Mach Natural Resources LP (NYSE:MNR - Get Free Report) insider Tom Ward bought 153,256 shares of the business's stock in a transaction dated Monday, April 13th. The shares were bought at an average cost of $13.05 per share, with a total value of $1,999,990.80. Following the purchase, the insider directly owned 13,295,039 shares of the company's stock, valued at approximately $173,500,258.95. This represents a 1.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Mach Natural Resources Trading Up 1.1%
Shares of Mach Natural Resources stock opened at $12.79 on Tuesday. The firm has a market capitalization of $2.15 billion, a PE ratio of 11.42 and a beta of -0.35. Mach Natural Resources LP has a twelve month low of $10.46 and a twelve month high of $15.60. The firm's 50-day moving average price is $13.28 and its 200 day moving average price is $12.34. 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 (NYSE:MNR - Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.26 by $0.17. The company had revenue of $387.54 million during the quarter, compared to analyst estimates of $357.31 million. Mach Natural Resources had a return on equity of 16.91% and a net margin of 12.16%. On average, sell-side analysts predict that Mach Natural Resources LP will post 1.95 EPS for the current fiscal year.
Mach Natural Resources Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, February 26th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 16.6%. The ex-dividend date was Thursday, February 26th. This is an increase from Mach Natural Resources's previous quarterly dividend of $0.27. Mach Natural Resources's payout ratio is 189.29%.
Analyst Upgrades and Downgrades
MNR has been the subject of a number of research reports. Stifel Nicolaus dropped their target price on shares of Mach Natural Resources from $22.00 to $18.00 and set a "buy" rating for the company in a report on Tuesday, January 6th. 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. Weiss Ratings raised shares of Mach Natural Resources from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, March 16th. KeyCorp reiterated a "sector weight" rating on shares of Mach Natural Resources in a report on Friday, January 16th. Finally, 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. 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 company. Based on data from MarketBeat, Mach Natural Resources presently has a consensus rating of "Moderate Buy" and an average target price of $18.50.
Get Our Latest Analysis on Mach Natural Resources
Hedge Funds Weigh In On Mach Natural Resources
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC purchased a new position in Mach Natural Resources in the third quarter valued at $27,000. Hilton Head Capital Partners LLC purchased a new stake in Mach Natural Resources during the 4th quarter worth about $31,000. Cooksen Wealth LLC raised its position 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. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Mach Natural Resources in the 4th quarter valued at about $42,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Mach Natural Resources in the 4th quarter valued at about $44,000. 78.36% of the stock is currently owned by hedge funds and other institutional investors.
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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