Short Interest in Mach Natural Resources LP (NYSE:MNR) Grows By 43.3%

Mach Natural Resources LP (NYSE:MNR) experienced a considerable rise in short interest throughout January. As of January 31, the total number of shares sold short reached 188,000, showing a notable increase of 43.3% from the 131,200 shares reported on January 15. With an average daily volume of 263,200 shares, the days-to-cover ratio is currently at 0.7 days, indicating that only 1.0% of the company’s shares are sold short.

Mach Natural Resources Trading Activity

During trading hours on Friday, shares of Mach Natural Resources increased by 0.1%, reaching $16.13. The trading volume for the day was 637,919 shares, significantly higher than the average volume of 253,749. Over the past year, the company’s stock has fluctuated between a low of $14.46 and a high of $21.19. The financial metrics of the company show a debt-to-equity ratio of 0.56, a current ratio of 1.24, and a quick ratio of 1.16.

Dividend Announcement

Recently, Mach Natural Resources declared a quarterly dividend, scheduled for payment on March 13. Shareholders who are on record by February 27 will receive a dividend of $0.50 per share. Given it’s an annualized dividend, this amounts to $2.00, providing a yield of 12.40%.

Insider Transactions

In related news, on February 7, Director William Wallace McMullen bought 5,161,290 shares at an average price of $15.50 each, totaling nearly $80 million. After this purchase, his total holdings in the company increased to 74,287,410 shares, worth approximately $1.15 billion. This acquisition represents a 7.47% increase in his ownership stake, as disclosed in documents filed with the Securities and Exchange Commission.

Institutional Investment Activity

Several institutional investors have made significant changes to their holdings in Mach Natural Resources recently. For instance, Susquehanna Fundamental Investments LLC acquired a new position valued at roughly $364,000 during the fourth quarter. Stifel Financial Corp increased its stake by 23.6% and now owns 295,080 shares after buying an additional 56,306 shares. XTX Topco Ltd and Rockefeller Capital Management L.P. also raised their positions, adding to the growing institutional support for the stock. Overall, institutional investors now hold 78.36% of the company's shares.

Analysts’ Price Targets

Analysts have provided updated price targets for Mach Natural Resources. Stifel Nicolaus raised their price target from $21.00 to $23.00, assigning a “buy” rating. Similarly, Truist Financial increased their target from $23.00 to $24.00. Raymond James reiterated a “strong-buy” rating with an updated target of $25.00, previously $23.00.

About Mach Natural Resources

Mach Natural Resources LP is an independent upstream oil and gas enterprise focusing on the acquisition, development, and production of oil, natural gas, and natural gas liquids. The company primarily operates in the Anadarko Basin region, which spans Western Oklahoma, Southern Kansas, and the Texas Panhandle. In addition to its exploration activities, Mach Natural Resources owns midstream assets as well as water infrastructure necessary for operations.

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