Short Interest in Mach Natural Resources LP (NYSE:MNR) Rises By 41.6%

Mach Natural Resources LP (NYSE:MNR) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 2,478,169 shares, a growth of 41.6% from the March 31st total of 1,750,324 shares. Based on an average daily volume of 1,747,028 shares, the short-interest ratio is currently 1.4 days. Approximately 12.1% of the company’s stock are sold short.

Mach Natural Resources Stock Down 0.1%

Shares of NYSE:MNR traded down $0.01 on Thursday, hitting $13.78. 1,002,669 shares of the company traded hands, compared to its average volume of 596,886. 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 has a 52 week low of $10.46 and a 52 week high of $15.60. The company has a market cap of $2.32 billion, a PE ratio of 12.30 and a beta of -0.35. The stock has a 50 day simple moving average of $13.38 and a 200-day simple moving average of $12.34.

Mach Natural Resources (NYSE:MNR) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.43 EPS for the quarter, beating the consensus estimate 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 company had revenue of $387.54 million for the quarter, compared to analysts’ expectations of $357.31 million. As a group, research analysts expect that Mach Natural Resources will post 1.75 earnings per share for the current year.

Mach Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, February 26th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 15.4%. 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. Mach Natural Resources’s payout ratio is 189.29%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Mach Natural Resources from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. KeyCorp restated a “sector weight” rating on shares of Mach Natural Resources in a report on Friday, January 16th. Zacks Research upgraded Mach Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Stifel Nicolaus reduced their price target on Mach Natural Resources from $22.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. Finally, Weiss Ratings upgraded Mach Natural Resources from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $18.50.

Insider Activity

In other Mach Natural Resources news, Director William Wallace Mcmullen bought 3,570 shares of the stock in a transaction dated Thursday, March 19th. The stock was purchased at an average cost of $14.00 per share, for a total transaction of $49,980.00. Following the completion of the acquisition, the director owned 74,854,202 shares of the company’s stock, valued at approximately $1,047,958,828. This trade represents a 0.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder General Partner S.A R.L. Ikav sold 5,557,679 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $12.81, for a total value of $71,193,867.99. Following the completion of the sale, the insider directly owned 4,259,110 shares in the company, valued at approximately $54,559,199.10. This represents a 56.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders acquired 163,541 shares of company stock worth $2,142,861. Insiders own 87.80% of the company’s stock.

Institutional Investors Weigh In On Mach Natural Resources

Several institutional investors have recently modified their holdings of the business. Kayne Anderson Capital Advisors LP purchased a new stake in shares of Mach Natural Resources during the third quarter valued at $252,892,000. Goldman Sachs Group Inc. boosted its position in shares of Mach Natural Resources by 120.5% during the first quarter. Goldman Sachs Group Inc. now owns 3,814,782 shares of the company’s stock valued at $59,320,000 after buying an additional 2,084,511 shares during the last quarter. ING Groep NV boosted its position in shares of Mach Natural Resources by 23.1% during the fourth quarter. ING Groep NV now owns 1,018,000 shares of the company’s stock valued at $11,239,000 after buying an additional 191,000 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Mach Natural Resources during the third quarter valued at $7,926,000. Finally, First Trust Advisors LP boosted its position in shares of Mach Natural Resources by 19.7% during the fourth quarter. First Trust Advisors LP now owns 539,012 shares of the company’s stock valued at $5,951,000 after buying an additional 88,590 shares during the last quarter. 78.36% of the stock is owned by hedge funds and other institutional investors.

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. The company was incorporated in 2023 and is headquartered in Oklahoma City, Oklahoma.