JPMorgan Chase & Co. Sells 156,591 Shares of Mach Natural Resources LP (NYSE:MNR)

JPMorgan Chase & Co. cut its stake in shares of Mach Natural Resources LP (NYSE:MNR) 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 quarter. JPMorgan Chase & Co.’s holdings in Mach Natural Resources were worth $335,000 at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, Truist Financial upped their target price on shares of 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 Performance

Shares of NYSE:MNR opened at $17.74 on Friday. 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 12 month low of $14.46 and a 12 month high of $21.19.

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.