Strategic Financial Concepts LLC Grows Position in Mach Natural Resources LP (NYSE:MNR)

Strategic Financial Concepts LLC increased its holdings in shares of Mach Natural Resources LP (NYSE:MNR - Free Report) by 1,618.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 195,234 shares of the company's stock after acquiring an additional 183,870 shares during the period. Strategic Financial Concepts LLC owned approximately 0.19% of Mach Natural Resources worth $3,354,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MNR. Avior Wealth Management LLC grew its holdings in Mach Natural Resources by 33.3% during the fourth quarter. Avior Wealth Management LLC now owns 12,000 shares of the company's stock worth $206,000 after acquiring an additional 3,000 shares during the period. Franklin Resources Inc. grew its holdings in Mach Natural Resources by 13.7% in the third quarter. Franklin Resources Inc. now owns 138,800 shares of the company's stock valued at $2,354,000 after purchasing an additional 16,725 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its holdings in Mach Natural Resources by 7.7% in the fourth quarter. Chicago Partners Investment Group LLC now owns 242,118 shares of the company's stock valued at $4,145,000 after purchasing an additional 17,215 shares during the last quarter. Institutional investors and hedge funds own 78.36% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on MNR shares. Raymond James reissued a "strong-buy" rating and issued a $25.00 target price (up previously from $23.00) on shares of Mach Natural Resources in a report on Monday. Truist Financial upped their target price on Mach Natural Resources from $23.00 to $24.00 and gave the company a "buy" rating in a report on Monday, January 13th. Finally, Stifel Nicolaus upped their target price on Mach Natural Resources from $21.00 to $23.00 and gave the company a "buy" rating in a report on Friday, February 7th.

Mach Natural Resources Trading Up 1.2 %

Shares of MNR traded up $0.19 during trading hours on Thursday, reaching $16.10. 311,684 shares of the company traded hands, compared to its average volume of 292,889. The company has a quick ratio of 1.16, a current ratio of 1.24 and a debt-to-equity ratio of 0.56. Mach Natural Resources LP has a fifty-two week low of $14.46 and a fifty-two week high of $21.19.

Insider Activity at Mach Natural Resources

In other Mach Natural Resources news, Director William Wallace Mcmullen bought 5,161,290 shares of Mach Natural Resources stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $15.50 per share, for a total transaction of $79,999,995.00. Following the completion of the transaction, the director now owns 74,287,410 shares of the company's stock, valued at $1,151,454,855. This represents a 7.47 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 87.80% of the company's stock.

Mach Natural Resources Company 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.