Mach Natural Resources LP (NYSE:MNR) Shares Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC raised its holdings in Mach Natural Resources LP (NYSE:MNR) by 1,618.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,234 shares of the company’s stock after buying an additional 183,870 shares during the period. Strategic Financial Concepts LLC owned about 0.19% of Mach Natural Resources worth $3,354,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on MNR. Stifel Nicolaus increased their target price on shares of Mach Natural Resources from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday. Truist Financial raised their price objective on Mach Natural Resources from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, January 13th.

Mach Natural Resources Trading Up 1.6 %

Shares of NYSE MNR opened at $16.07 on Monday. Mach Natural Resources LP has a twelve month low of $14.46 and a twelve month high of $21.19. 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 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.