Mach Natural Resources LP (MNR) to Issue Quarterly Dividend of $0.64 on June 4th

Mach Natural Resources LP (NYSE:MNR) declared a quarterly dividend on Thursday, May 7th. Investors of record on Thursday, May 21st will be paid a dividend of 0.64 per share on Thursday, June 4th. This represents a c) annualized dividend and a yield of 18.6%. The ex-dividend date is Thursday, May 21st. This is a 20.8% increase from Mach Natural Resources’s previous quarterly dividend of $0.53.

Mach Natural Resources has a payout ratio of 95.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Mach Natural Resources to earn $1.32 per share next year, which means the company may not be able to cover its $2.12 annual dividend with an expected future payout ratio of 160.6%.

Mach Natural Resources Stock Performance

Shares of NYSE:MNR opened at $13.75 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 17.85 and a beta of -0.33. The firm’s 50-day moving average is $13.38 and its 200 day moving average is $12.38. Mach Natural Resources has a 12 month low of $10.46 and a 12 month high of $15.60.

Mach Natural Resources (NYSE:MNR) last issued its earnings results on Thursday, May 7th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.23. Mach Natural Resources had a net margin of 7.46% and a return on equity of 18.65%. The business had revenue of $286.00 million for the quarter, compared to the consensus estimate of $397.61 million. Research analysts predict that Mach Natural Resources will post 1.75 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder General Partner S.A R.L. Ikav sold 5,557,679 shares of the firm’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $12.81, for a total transaction of $71,193,867.99. Following the sale, the insider owned 4,259,110 shares in the company, valued at approximately $54,559,199.10. This trade represents a 56.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Wallace Mcmullen purchased 3,570 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average price of $14.00 per share, for a total transaction of $49,980.00. Following the transaction, the director owned 74,854,202 shares of the company’s stock, valued at $1,047,958,828. This trade represents a 0.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 163,541 shares of company stock valued at $2,142,861. Insiders own 87.80% of the company’s stock.

Institutional Trading of Mach Natural Resources

A number of institutional investors have recently made changes to their positions in the company. Kayne Anderson Capital Advisors LP acquired a new position in Mach Natural Resources during the third quarter worth about $252,892,000. Goldman Sachs Group Inc. boosted its position in Mach Natural Resources by 120.5% during the first quarter. Goldman Sachs Group Inc. now owns 3,814,782 shares of the company’s stock worth $59,320,000 after acquiring an additional 2,084,511 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in Mach Natural Resources during the third quarter worth about $7,926,000. First Trust Advisors LP acquired a new position in Mach Natural Resources during the second quarter worth about $7,630,000. Finally, Clear Street Group Inc. acquired a new position in Mach Natural Resources during the third quarter worth about $5,638,000. 78.36% of the stock is owned by institutional investors and hedge funds.

About Mach Natural Resources

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.