1 week Ago By Defense World Staff
Invesco Ltd. acquired a new stake in Mach Natural Resources LP ( NYSE:MNR – Free Report ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 179,219 shares of the company’s stock, valued at approximately $3,079,000.
Invesco Ltd. owned approximately 0.17% of Mach Natural Resources at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MNR. Signaturefd LLC purchased a new position in shares of Mach Natural Resources in the fourth quarter valued at $26,000. Hollencrest Capital Management purchased a new position in Mach Natural Resources during the 4th quarter valued at about $34,000.
Parkside Financial Bank & Trust purchased a new stake in shares of Mach Natural Resources in the fourth quarter valued at about $43,000. Avior Wealth Management LLC grew its position in shares of Mach Natural Resources by 33.3% in the fourth quarter.
Avior Wealth Management LLC now owns 12,000 shares of the company’s stock valued at $206,000 after purchasing an additional 3,000 shares during the last quarter. Finally, ING Groep NV acquired a new stake in shares of Mach Natural Resources in the fourth quarter valued at approximately $412,000. 78.
36% of the stock is owned by institutional investors and hedge funds. Wall Street Analyst Weigh In MNR has been the topic of a number of analyst reports. Stifel Nicolaus increased their target price on Mach Natural Resources from $21.
00 to $23.00 and gave the company a “buy” rating in a report on Friday, February 7th. Truist Financial increased their price objective on Mach Natural Resources from $23.
00 to $24.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Raymond James reissued a “strong-buy” rating and issued a $25.
00 target price (up previously from $23.00) on shares of Mach Natural Resources in a research note on Monday, February 10th. Mach Natural Resources Stock Up 0.
3 % Shares of Mach Natural Resources stock opened at $13.99 on Monday. Mach Natural Resources LP has a fifty-two week low of $12.
40 and a fifty-two week high of $21.19. The business’s fifty day simple moving average is $14.
47. The company has a current ratio of 1.24, a quick ratio of 1.
16 and a debt-to-equity ratio of 0.56. The stock has a market cap of $1.
66 billion, a price-to-earnings ratio of 7.36 and a beta of -0.44.
Mach Natural Resources Cuts Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a $0.50 dividend.
This represents a $2.00 dividend on an annualized basis and a yield of 14.30%.
The ex-dividend date was Thursday, February 27th. Mach Natural Resources’s payout ratio is 105.26%.
Insider Buying and Selling at Mach Natural Resources In related news, Director William Wallace Mcmullen purchased 5,161,290 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were bought at an average price of $15.50 per share, for a total transaction of $79,999,995.
00. Following the acquisition, the director now directly owns 74,287,410 shares in the company, valued at $1,151,454,855. This trade represents a 7.
47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link . 87.
80% of the stock is owned by company insiders. Mach Natural Resources Company Profile ( 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.
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