Short Interest in Mach Natural Resources LP (NYSE:MNR) Sees Significant Growth

Mach Natural Resources LP (NYSE:MNR) experienced a notable rise in short interest during January. As of January 31st, the total short interest reached 188,000 shares, reflecting an increase of 43.3% compared to the 131,200 shares recorded on January 15th. With an average daily trading volume of 263,200 shares, the current days-to-cover ratio stands at 0.7 days. Approximately 1.0% of the company's outstanding shares are currently sold short.

Current Stock Performance

On Friday, shares of NYSE MNR saw a minor increase, rising by $0.01 to reach $16.13 during trading hours. The trading volume for the day hit 637,919 shares, significantly higher than the average volume of 253,749. Over the past year, the stock has fluctuated between a low of $14.46 and a high of $21.19. Financial metrics for the company indicate a debt-to-equity ratio of 0.56, a current ratio of 1.24, and a quick ratio of 1.16.

Dividend Announcement

The company recently declared a quarterly dividend that is scheduled to be paid on March 13th. Shareholders who are on record by February 27th will receive a dividend of $0.50 per share, making for an annualized dividend of $2.00 and a yield of 12.40%.

Insider Transactions

In addition, there has been significant insider activity. Director William Wallace Mcmullen purchased 5,161,290 shares on February 7th at an average price of $15.50 per share, totaling approximately $80 million. Following this transaction, the director now owns a total of 74,287,410 shares in Mach Natural Resources, valued around $1.15 billion, representing a 7.47% increase in ownership. This transaction was filed with the Securities and Exchange Commission (SEC).

Institutional Investors' Activity

Recent changes in holdings by institutional investors show a mixed interest in Mach Natural Resources. Susquehanna Fundamental Investments LLC acquired a new stake valued at around $364,000 in the fourth quarter. Stifel Financial Corp increased its stake by 23.6%, owning now 295,080 shares valued at $5.07 million after buying an additional 56,306 shares. Other firms like XTX Topco Ltd and Rockefeller Capital Management L.P. also raised their stakes significantly in the same period. Institutional ownership currently stands at 78.36%.

Analysts' Perspectives

Several analysts have revised their price targets for Mach Natural Resources. Stifel Nicolaus raised its expectation from $21.00 to $23.00 while maintaining a 'buy' rating. Truist Financial also increased its target price from $23.00 to $24.00. Additionally, Raymond James upgraded their target from $23.00 to $25.00, endorsing a 'strong-buy' rating in their recent analysis.

Company Overview

Mach Natural Resources LP is an independent upstream oil and gas firm focusing on acquiring, developing, and producing oil, natural gas, and natural gas liquids primarily in the Anadarko Basin region of Western Oklahoma, Southern Kansas, and the Texas panhandle. The company also owns midstream assets and water infrastructure.

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