In a filing, Mach Natural Resources LP revealed its Director McMullen William Wallace acquired Company’s shares for reported $4.9 million on Dec 17 ’24. In the deal valued at $15.62 per share,313,978 shares were bought. As a result of this transaction, McMullen William Wallace now holds 69,126,120 shares worth roughly $1.11 billion.
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Then, McMullen William Wallace bought 150,000 shares, generating $2,299,500 in total proceeds. Upon buying the shares at $15.33, the Director now owns 68,812,142 shares.
Before that, McMullen William Wallace bought 98,751 shares. Mach Natural Resources LP shares valued at $1,508,915 were divested by the Director at a price of $15.28 per share. As a result of the transaction, McMullen William Wallace now holds 68,662,142 shares, worth roughly $1.1 billion.
A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. Johnson Rice began covering MNR with “Buy” recommendation on November 28, 2023. Stifel started covering the stock on November 20, 2023. It rated MNR as “a Buy”.
Price Performance Review of MNR
On Tuesday, Mach Natural Resources LP [NYSE:MNR] saw its stock fall -0.19% to $15.99. Over the last five days, the stock has gained 1.46%. Mach Natural Resources LP shares have fallen nearly -3.03% since the year began. Nevertheless, the stocks have risen 2.57% over the past one year. While a 52-week high of $21.19 was reached on 04/30/24, a 52-week low of $14.46 was recorded on 12/12/24. SMA at 50 days reached $15.89, while 200 days put it at $18.23.
Levels Of Support And Resistance For MNR Stock
The 24-hour chart illustrates a support level at 15.84, which if violated will result in even more drops to 15.68. On the upside, there is a resistance level at 16.08. A further resistance level may holdings at 16.17. The Relative Strength Index (RSI) on the 14-day chart is 56.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.47%. Stochastics %K at 84.81% indicates the stock is a selling.
How much short interest is there in Mach Natural Resources LP?
A steep rise in short interest was recorded in Mach Natural Resources LP stocks on 2024-10-31, growing by 23110.0 shares to a total of 0.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 89345.0 shares. There was a rise of 20.55%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 20, 2023 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $24 price target.
