Mach Natural Resources LP $MNR Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its stake in shares of Mach Natural Resources LP (NYSE:MNR) by 10.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,478,355 shares of the company’s stock after purchasing an additional 244,020 shares during the period. American Century Companies Inc.’s holdings in Mach Natural Resources were worth $38,538,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Parallel Advisors LLC raised its position in shares of 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 purchasing an additional 1,000 shares during the last quarter. Verdence Capital Advisors LLC acquired a new position in shares of Mach Natural Resources during the first quarter valued at approximately $177,000. Strategic Financial Concepts LLC lifted its position in shares of Mach Natural Resources by 8.3% in the first quarter. Strategic Financial Concepts LLC now owns 12,312 shares of the company’s stock valued at $191,000 after acquiring an additional 948 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Mach Natural Resources in the first quarter worth approximately $191,000. Finally, XTX Topco Ltd increased its position in shares of Mach Natural Resources by 11.5% during the fourth quarter. XTX Topco Ltd now owns 13,003 shares of the company’s stock worth $223,000 after purchasing an additional 1,341 shares in the last quarter. Hedge funds and other institutional investors own 78.36% of the company’s stock.

Insider Activity

In related news, Director William Wallace Mcmullen acquired 3,085 shares of Mach Natural Resources stock in a transaction that occurred on Monday, August 11th. The shares were purchased at an average cost of $14.39 per share, for a total transaction of $44,393.15. Following the acquisition, the director owned 74,816,024 shares in the company, valued at approximately $1,076,602,585.36. This represents a 0.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders bought 528,614 shares of company stock worth $7,633,031. 87.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on MNR shares. Raymond James Financial restated a “strong-buy” rating on shares of Mach Natural Resources in a report on Monday, July 14th. Wall Street Zen cut Mach Natural Resources from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $23.00.

Mach Natural Resources Stock Performance

Mach Natural Resources stock opened at $13.9420 on Thursday. The firm has a 50 day simple moving average of $14.74 and a 200-day simple moving average of $14.54. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 7.19 and a beta of -0.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.69. Mach Natural Resources LP has a 1-year low of $12.40 and a 1-year high of $20.85.

Mach Natural Resources (NYSE:MNR) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.23. The firm had revenue of $288.52 million for the quarter, compared to analysts’ expectations of $237.56 million. Mach Natural Resources had a return on equity of 23.23% and a net margin of 20.83%. On average, analysts expect that Mach Natural Resources LP will post 1.95 EPS for the current year.

Mach Natural Resources Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 22nd will be given a dividend of $0.38 per share. This represents a dividend yield of 1,057.0%. The ex-dividend date of this dividend is Thursday, August 21st. Mach Natural Resources’s dividend payout ratio (DPR) is presently 78.35%.

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.