Chicago Partners Investment Group LLC raised its position in Mach Natural Resources LP (NYSE:MNR - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 242,118 shares of the company's stock after purchasing an additional 17,215 shares during the period. Chicago Partners Investment Group LLC owned 0.23% of Mach Natural Resources worth $4,145,000 at the end of the most recent reporting period.
Separately, Franklin Resources Inc. lifted its stake in Mach Natural Resources by 13.7% in the third quarter. Franklin Resources Inc. now owns 138,800 shares of the company's stock worth $2,354,000 after acquiring an additional 16,725 shares during the period. Institutional investors and hedge funds own 78.36% of the company's stock.
Mach Natural Resources Stock Performance
Shares of Mach Natural Resources stock traded down $0.22 during midday trading on Wednesday, hitting $17.23. The company had a trading volume of 88,477 shares, compared to its average volume of 182,394. Mach Natural Resources LP has a 52-week low of $14.46 and a 52-week high of $21.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.16 and a current ratio of 1.24.
Wall Street Analysts Forecast Growth
Separately, Truist Financial increased their price target on shares of Mach Natural Resources from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Monday, January 13th.
Read Our Latest Research Report on MNR
About Mach Natural Resources
(
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.
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