William Wallace Mcmullen Buys 3,085 Shares of Mach Natural Resources LP (NYSE:MNR) Stock

William Wallace Mcmullen, Director of Mach Natural Resources LP (NYSE:MNR), purchased 3,085 shares at an average price of $14.39, totaling $44,393.15, on August 11th. Post-transaction, he owns 74,816,024 shares valued at approximately $1.08 billion, reflecting a 0.00% increase in ownership. This acquisition was disclosed to the SEC. Mcmullen has made several other significant purchases recently, with the stock currently trading at $14.40 and a market cap of $1.70 billion. The company reported strong earnings, exceeding analyst expectations, with a projected EPS of 1.95 for the fiscal year.

Mach Natural Resources LP (NYSE:MNR - Get Free Report) Director William Wallace Mcmullen acquired 3,085 shares of the company's stock in a transaction on Monday, August 11th. The stock was acquired at an average price of $14.39 per share, with a total value 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 trade represents a 0.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Top Dividend Plays With Strong Analyst Ratings

William Wallace Mcmullen also recently made the following trade(s):

On Monday, June 16th, William Wallace Mcmullen bought 144,900 shares of Mach Natural Resources stock. The stock was purchased at an average price of $14.96 per share, with a total value of $2,167,704.00.
On Friday, June 13th, William Wallace Mcmullen bought 135,500 shares of Mach Natural Resources stock. The stock was purchased at an average price of $14.72 per share, with a total value of $1,994,560.00.
On Thursday, June 12th, William Wallace Mcmullen bought 93,500 shares of Mach Natural Resources stock. The stock was purchased at an average price of $14.29 per share, with a total value of $1,336,115.00.
On Wednesday, June 11th, William Wallace Mcmullen acquired 72,411 shares of Mach Natural Resources stock. The shares were bought at an average cost of $14.01 per share, with a total value of $1,014,478.11.
On Tuesday, June 10th, William Wallace Mcmullen acquired 79,218 shares of Mach Natural Resources stock. The shares were bought at an average cost of $13.58 per share, with a total value of $1,075,780.44.

Mach Natural Resources Stock Performance

NYSE MNR opened at $14.40 on Wednesday. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 7.42 and a beta of -0.07. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $14.63 and a 200-day moving average price of $14.67. Mach Natural Resources LP has a twelve month low of $12.40 and a twelve month high of $20.94.

Mach Natural Resources (NYSE:MNR - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.23. The company had revenue of $288.52 million for the quarter, compared to the consensus estimate of $237.56 million. Mach Natural Resources had a return on equity of 23.23% and a net margin of 20.83%. As a group, equities research analysts predict that Mach Natural Resources LP will post 1.95 EPS for the current fiscal year.

Analysts Set New Price Targets

MNR has been the subject of a number of analyst reports. Wall Street Zen lowered Mach Natural Resources from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Raymond James Financial restated a "strong-buy" rating on shares of Mach Natural Resources in a research note on Monday, July 14th.

Check Out Our Latest Stock Analysis on MNR

Institutional Investors Weigh In On Mach Natural Resources

Several hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its position in Mach Natural Resources by 120.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,814,782 shares of the company's stock valued at $59,320,000 after purchasing an additional 2,084,511 shares during the period. American Century Companies Inc. increased its position in Mach Natural Resources by 4.1% during the 2nd quarter. American Century Companies Inc. now owns 2,578,929 shares of the company's stock valued at $37,240,000 after purchasing an additional 100,574 shares during the period. Franklin Resources Inc. increased its position in Mach Natural Resources by 115.6% during the 2nd quarter. Franklin Resources Inc. now owns 391,720 shares of the company's stock valued at $5,656,000 after purchasing an additional 209,993 shares during the period. Raymond James Financial Inc. increased its position in Mach Natural Resources by 8.6% during the 1st quarter. Raymond James Financial Inc. now owns 324,291 shares of the company's stock valued at $5,043,000 after purchasing an additional 25,778 shares during the period. Finally, Stifel Financial Corp increased its position in Mach Natural Resources by 23.6% during the 4th quarter. Stifel Financial Corp now owns 295,080 shares of the company's stock valued at $5,069,000 after purchasing an additional 56,306 shares during the period. 78.36% of the stock is currently owned by hedge funds and other institutional investors.

Mach Natural Resources Company Profile

(Get Free Report)

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.