William Wallace Mcmullen Acquires Shares of Mach Natural Resources LP

On February 7th, William Wallace Mcmullen, a director at Mach Natural Resources LP (NYSE:MNR), made a significant investment by purchasing 5,161,290 shares of the company's stock. The acquisition took place at an average cost of $15.50 per share, amounting to a total expenditure of $79,999,995.00. After this transaction, Mcmullen now holds a total of 74,287,410 shares in Mach Natural Resources, which are valued at around $1,151,454,855. This purchase represents a 7.47% increase in Mcmullen's ownership stake in the company. The details of this transaction were formally reported in a filing with the Securities and Exchange Commission, which can be reviewed through available resources.

Mach Natural Resources Trading Update

Mach Natural Resources Stock Performance

As of Monday, Mach Natural Resources stock saw an increase of 1.3%, rising by $0.22 to a trading price of $16.26. A total of 476,315 shares were traded during the day, surpassing the company's average trading volume of 270,920 shares. The company's key financial metrics include a debt-to-equity ratio of 0.56, a current ratio of 1.24, and a quick ratio of 1.16. Mach Natural Resources has experienced a 52-week low of $14.46 and a high of $21.19. Currently, the company's market capitalization stands at $1.68 billion, with a price-to-earnings (P/E) ratio of 6.11 and a beta of -0.79.

Institutional Investors and Their Activity

Recently, several institutional investors have been active in buying and selling shares of Mach Natural Resources. Franklin Resources Inc. increased its stake in the company by 13.7% during the third quarter, acquiring an additional 16,725 shares for a total of 138,800 shares valued at approximately $2,354,000. Avior Wealth Management LLC also raised its holdings by 33.3% in the fourth quarter, now owning 12,000 shares worth $206,000 after purchasing 3,000 additional shares. Additionally, Chicago Partners Investment Group LLC increased its stake by 7.7%, owning 242,118 shares valued at $4,145,000 after acquiring 17,215 extra shares. Strategic Financial Concepts LLC substantially increased its stake by 1,618.0%, now holding 195,234 shares worth $3,354,000 after obtaining 183,870 additional shares in the same period. Lastly, ING Groep NV made a new investment in Mach Natural Resources, valued at around $412,000. Overall, 78.36% of the stock is held by hedge funds and other institutional investors.

Recent Analyst Recommendations

Mach Natural Resources has been the subject of numerous research reports, reflecting investor interest. Truist Financial recently raised its price target from $23.00 to $24.00, rating the stock as a "buy". Stifel Nicolaus also increased their target from $21.00 to $23.00, maintaining a "buy" rating. Meanwhile, Raymond James reaffirmed a "strong-buy" rating and raised their price target from $23.00 to $25.00.

Company Overview

Mach Natural Resources Company Profile

Mach Natural Resources LP is an independent upstream oil and gas company dedicated to the acquisition, development, and production of oil, natural gas, and natural gas liquids reserves, particularly in the Anadarko Basin region of Western Oklahoma, Southern Kansas, and the Texas panhandle. In addition to its upstream operations, the company possesses midstream assets, including pipelines, plants, and water infrastructure.

investment, stock, purchase