19,187,581 Shares in Mach Natural Resources LP $MNR Acquired by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP acquired a new position in shares of Mach Natural Resources LP (NYSE:MNR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 19,187,581 shares of the company’s stock, valued at approximately $252,892,000. Mach Natural Resources comprises about 5.6% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 9th biggest holding. Kayne Anderson Capital Advisors LP owned about 0.11% of Mach Natural Resources at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Cooksen Wealth LLC lifted its position in Mach Natural Resources by 87.5% in the second quarter. Cooksen Wealth LLC now owns 2,635 shares of the company’s stock valued at $38,000 after acquiring an additional 1,230 shares during the last quarter. Arrow Investment Advisors LLC lifted its holdings in shares of Mach Natural Resources by 12.9% in the 3rd quarter. Arrow Investment Advisors LLC now owns 12,216 shares of the company’s stock valued at $161,000 after purchasing an additional 1,400 shares during the last quarter. CWM LLC purchased a new stake in shares of Mach Natural Resources in the 3rd quarter valued at about $27,000. Arlington Trust Co LLC acquired a new stake in shares of Mach Natural Resources in the 3rd quarter valued at about $53,000. Finally, Osaic Holdings Inc. grew its stake in Mach Natural Resources by 208.5% during the 2nd quarter. Osaic Holdings Inc. now owns 8,302 shares of the company’s stock worth $120,000 after buying an additional 5,611 shares during the last quarter. 78.36% of the stock is owned by hedge funds and other institutional investors.

Mach Natural Resources Stock Down 1.0%

MNR stock opened at $13.36 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.00 and a quick ratio of 0.87. The company’s 50 day simple moving average is $11.74 and its 200-day simple moving average is $12.43. Mach Natural Resources LP has a 12 month low of $10.46 and a 12 month high of $16.09. The firm has a market capitalization of $2.25 billion, a PE ratio of 13.92 and a beta of -0.09.

Mach Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 26th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, February 26th. This is a positive change from Mach Natural Resources’s previous quarterly dividend of $0.27. This represents a $2.12 annualized dividend and a yield of 15.9%. Mach Natural Resources’s dividend payout ratio (DPR) is 112.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Mach Natural Resources from $22.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Northland Securities set a $20.00 price objective on shares of Mach Natural Resources in a research note on Monday, November 10th. KeyCorp reaffirmed a “sector weight” rating on shares of Mach Natural Resources in a report on Friday, January 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Mach Natural Resources in a report on Monday, December 29th. Finally, Zacks Research downgraded Mach Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Mach Natural Resources has an average rating of “Moderate Buy” and an average target price of $20.00.

About Mach Natural Resources

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.