GSA Capital Partners LLP Lowers Stock Holdings in Mach Natural Resources LP $MNR

GSA Capital Partners LLP reduced its position in Mach Natural Resources LP (NYSE:MNR) by 78.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,668 shares of the company’s stock after selling 84,154 shares during the quarter. GSA Capital Partners LLP’s holdings in Mach Natural Resources were worth $312,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC purchased a new stake in Mach Natural Resources in the 3rd quarter worth approximately $27,000. Cooksen Wealth LLC boosted its stake in Mach Natural Resources by 87.5% during the second quarter. Cooksen Wealth LLC now owns 2,635 shares of the company’s stock valued at $38,000 after buying an additional 1,230 shares during the period. Arlington Trust Co LLC purchased a new position in Mach Natural Resources during the third quarter worth about $53,000. Osaic Holdings Inc. grew its position in Mach Natural Resources by 208.5% during the second quarter. Osaic Holdings Inc. now owns 8,302 shares of the company’s stock worth $120,000 after buying an additional 5,611 shares in the last quarter. Finally, Wedbush Securities Inc. bought a new position in Mach Natural Resources in the 2nd quarter worth about $149,000. Institutional investors own 78.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Mach Natural Resources Trading Up 0.9%

MNR stock opened at $13.01 on Friday. The company has a market capitalization of $2.19 billion, a PE ratio of 13.55 and a beta of -0.09. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 1.00. Mach Natural Resources LP has a one year low of $10.46 and a one year high of $15.91. The company’s 50 day moving average price is $11.84 and its two-hundred day moving average price is $12.43.

Mach Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 26th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 16.3%. The ex-dividend date is Thursday, February 26th. This is a boost from Mach Natural Resources’s previous quarterly dividend of $0.27. Mach Natural Resources’s dividend payout ratio is 220.83%.

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.