Stephens Inc. AR Has $1.36 Million Stock Position in Mach Natural Resources LP (NYSE:MNR)

Stephens Inc. AR lowered its position in Mach Natural Resources LP (NYSE:MNR) by 40.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,000 shares of the company’s stock after selling 54,300 shares during the quarter. Stephens Inc. AR owned approximately 0.08% of Mach Natural Resources worth $1,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Avior Wealth Management LLC grew its holdings in Mach Natural Resources by 33.3% during the fourth quarter. Avior Wealth Management LLC now owns 12,000 shares of the company’s stock worth $206,000 after purchasing an additional 3,000 shares during the period. Franklin Resources Inc. increased its holdings in shares of Mach Natural Resources by 13.7% during the 3rd quarter. Franklin Resources Inc. now owns 138,800 shares of the company’s stock worth $2,354,000 after acquiring an additional 16,725 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in Mach Natural Resources by 1,618.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 195,234 shares of the company’s stock valued at $3,354,000 after acquiring an additional 183,870 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its holdings in Mach Natural Resources by 7.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 242,118 shares of the company’s stock valued at $4,145,000 after purchasing an additional 17,215 shares during the last quarter. Institutional investors own 78.36% of the company’s stock.

Insider Buying and Selling at Mach Natural Resources

In related news, Director William Wallace Mcmullen purchased 5,161,290 shares of the stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $15.50 per share, for a total transaction of $79,999,995.00. Following the completion of the acquisition, the director now owns 74,287,410 shares of the company’s stock, valued at approximately $1,151,454,855. This represents a 7.47 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 87.80% of the company’s stock.

Mach Natural Resources Stock Down 2.3 %

NYSE MNR opened at $15.87 on Thursday. Mach Natural Resources LP has a 1 year low of $14.46 and a 1 year high of $21.19. The company has a current ratio of 1.24, a quick ratio of 1.16 and a debt-to-equity ratio of 0.56.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Raymond James restated a “strong-buy” rating and set a $25.00 target price (up previously from $23.00) on shares of Mach Natural Resources in a research note on Monday. Truist Financial boosted their price objective on shares of Mach Natural Resources from $23.00 to $24.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Stifel Nicolaus raised their target price on shares of Mach Natural Resources from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, February 7th.

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.