Mach Natural Resources LP Plans Quarterly Dividend of $0.36 (NYSE:MNR)

Mach Natural Resources LP (NYSE:MNR) announced a quarterly dividend on Thursday, August 6th. Investors of record on Monday, August 17th will be paid a dividend of 0.36 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date of this dividend is Monday, August 17th.

Mach Natural Resources has a payout ratio of 115.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Mach Natural Resources to earn $1.34 per share next year, which means the company may not be able to cover its $2.56 annual dividend with an expected future payout ratio of 191.0%.

Mach Natural Resources Trading Up 0.9%

MNR opened at $13.34 on Friday. The firm has a market cap of $2.24 billion, a P/E ratio of 17.33 and a beta of -0.31. The company has a quick ratio of 0.73, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The business has a fifty day simple moving average of $13.05 and a 200-day simple moving average of $13.13. Mach Natural Resources has a 52 week low of $10.46 and a 52 week high of $15.15.

Mach Natural Resources (NYSE:MNR) last posted its earnings results on Thursday, August 6th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Mach Natural Resources had a return on equity of 18.46% and a net margin of 7.46%.The business had revenue of $405.95 million for the quarter, compared to analysts’ expectations of $377.87 million. On average, equities analysts expect that Mach Natural Resources will post 1.68 earnings per share for the current year.

Hedge Funds Weigh In On Mach Natural Resources

Large investors have recently bought and sold shares of the company. Hilton Head Capital Partners LLC bought a new stake in Mach Natural Resources in the 4th quarter valued at about $31,000. Cooksen Wealth LLC lifted its stake in shares of Mach Natural Resources by 87.5% in the 2nd quarter. Cooksen Wealth LLC now owns 2,635 shares of the company’s stock valued at $38,000 after purchasing an additional 1,230 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Mach Natural Resources in the fourth quarter valued at $42,000. Kestra Advisory Services LLC acquired a new position in shares of Mach Natural Resources during the fourth quarter worth approximately $44,000. Finally, CENTRAL TRUST Co boosted its stake in Mach Natural Resources by 384.7% during the 1st quarter. CENTRAL TRUST Co now owns 4,992 shares of the company’s stock valued at $70,000 after purchasing an additional 3,962 shares during the last quarter. Institutional investors and hedge funds own 78.36% of the company’s stock.

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.