JPMorgan Chase & Co. Reduces Stock Holdings in Mach Natural Resources LP (NYSE:MNR)

JPMorgan Chase & Co. trimmed its holdings in shares of Mach Natural Resources LP (NYSE:MNR - Free Report) by 88.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,967 shares of the company's stock after selling 156,591 shares during the period. JPMorgan Chase & Co.'s holdings in Mach Natural Resources were worth $335,000 as of its most recent filing with the Securities and Exchange Commission.

Mach Natural Resources Price Performance

MNR stock traded down $0.20 during trading on Monday, reaching $17.60. 198,441 shares of the company were exchanged, compared to its average volume of 183,997. The company has a current ratio of 1.24, a quick ratio of 1.16 and a debt-to-equity ratio of 0.56. Mach Natural Resources LP has a twelve month low of $14.46 and a twelve month high of $21.19.

Wall Street Analyst Weigh In

Separately, Truist Financial boosted their target price on Mach Natural Resources from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, January 13th.

Mach Natural Resources Profile

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.