William Wallace Mcmullen Acquires 72,411 Shares of Mach Natural Resources LP (NYSE:MNR) Stock

Mach Natural Resources LP (NYSE:MNR) Director William Wallace Mcmullen bought 72,411 shares of the company’s stock in a transaction on Wednesday, June 11th. The shares were bought at an average cost of $14.01 per share, for a total transaction of $1,014,478.11. Following the transaction, the director now directly owns 74,439,039 shares in the company, valued at approximately $1,042,890,936.39. This represents a 0.10% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, June 12th, William Wallace Mcmullen purchased 93,500 shares of Mach Natural Resources stock. The stock was bought at an average price of $14.29 per share, for a total transaction of $1,336,115.00.
• On Tuesday, June 10th, William Wallace Mcmullen purchased 79,218 shares of Mach Natural Resources stock. The stock was bought at an average price of $13.58 per share, for a total transaction of $1,075,780.44.

Mach Natural Resources Trading Up 1.7%

Shares of NYSE:MNR opened at $14.66 on Friday. Mach Natural Resources LP has a 12-month low of $12.40 and a 12-month high of $20.94. The firm has a fifty day moving average of $13.64. The stock has a market cap of $1.73 billion, a P/E ratio of 9.16 and a beta of -0.17. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.24 and a quick ratio of 1.16.

Mach Natural Resources (NYSE:MNR) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.01). Mach Natural Resources had a net margin of 25.17% and a return on equity of 23.58%. The company had revenue of $227.00 million during the quarter, compared to analysts’ expectations of $259.09 million. Research analysts predict that Mach Natural Resources LP will post 1.95 EPS for the current year.

Mach Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 21.56%. This is an increase from Mach Natural Resources’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, May 22nd. Mach Natural Resources’s payout ratio is 197.50%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC purchased a new position in Mach Natural Resources during the 4th quarter worth $26,000. Parallel Advisors LLC grew its stake in Mach Natural Resources by 100.0% during the 1st quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock worth $31,000 after buying an additional 1,000 shares during the last quarter. Hollencrest Capital Management purchased a new position in Mach Natural Resources during the 4th quarter worth $34,000. Parkside Financial Bank & Trust purchased a new position in Mach Natural Resources during the 4th quarter worth $43,000. Finally, State of Wyoming purchased a new position in Mach Natural Resources during the 1st quarter worth $108,000. 78.36% of the stock is currently 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.