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

Strategic Financial Concepts LLC raised its stake in Mach Natural Resources LP (NYSE:MNR) by 1,618.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 195,234 shares of the company’s stock after purchasing an additional 183,870 shares during the quarter. Strategic Financial Concepts LLC’s holdings in Mach Natural Resources were worth $3,354,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MNR. Chicago Partners Investment Group LLC grew its position in Mach Natural Resources by 7.7% in the 4th quarter. Chicago Partners Investment Group LLC now owns 242,118 shares of the company’s stock valued at $4,145,000 after buying an additional 17,215 shares during the last quarter. Franklin Resources Inc. raised its position in Mach Natural Resources by 13.7% during the 3rd quarter. Franklin Resources Inc. now owns 138,800 shares of the company’s stock worth $2,354,000 after buying an additional 16,725 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its stake in shares of Mach Natural Resources by 33.3% in the 4th 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. Institutional investors and hedge funds own 78.36% of the company’s stock.

Analysts Set New Price Targets

MNR has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price target on shares of Mach Natural Resources from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday. 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 Stock Up 1.6 %

Shares of NYSE MNR opened at $16.07 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.16 and a current ratio of 1.24. Mach Natural Resources LP has a one year low of $14.46 and a one year high of $21.19.

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.