Oppenheimer Asset Management Inc. Grows Stake in Matador Resources (NYSE:MTDR)

Oppenheimer Asset Management Inc. boosted its holdings in shares of Matador Resources (NYSE:MTDR) by 53.5% during the 4th quarter, Holdings Channel reports. The firm owned 27,742 shares of the energy company’s stock after buying an additional 9,672 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Matador Resources were worth $1,561,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after purchasing an additional 207 shares during the last quarter. ClearAlpha Technologies LP lifted its position in shares of Matador Resources by 4.3% in the third quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company’s stock worth $259,000 after buying an additional 218 shares in the last quarter. Denver PWM LLC boosted its stake in Matador Resources by 67.2% during the third quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock valued at $37,000 after buying an additional 303 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in Matador Resources by 6.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,081 shares of the energy company’s stock valued at $252,000 after buying an additional 310 shares in the last quarter. Finally, Lindenwold Advisors INC increased its stake in Matador Resources by 5.1% in the 3rd quarter. Lindenwold Advisors INC now owns 6,650 shares of the energy company’s stock worth $329,000 after acquiring an additional 321 shares during the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Matador Resources Trading Down 8.9 %

Shares of NYSE MTDR opened at $47.70 on Tuesday. The business’s 50 day moving average price is $58.01 and its 200-day moving average price is $55.71. Matador Resources has a fifty-two week low of $47.15 and a fifty-two week high of $71.08. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 6.68 and a beta of 3.22.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The business had revenue of $970.37 million during the quarter, compared to analysts’ expectations of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. On average, sell-side analysts expect that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 2.62%. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 28th. Matador Resources’s payout ratio is 17.51%.

Insiders Place Their Bets

In other news, insider Van H. Singleton II purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average price of $52.72 per share, with a total value of $52,720.00. Following the transaction, the insider now owns 290,135 shares of the company’s stock, valued at $15,295,917.20. This represents a 0.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William Thomas Elsener purchased 800 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $56.60 per share, for a total transaction of $45,280.00. Following the purchase, the executive vice president now owns 102,964 shares of the company’s stock, valued at approximately $5,827,762.40. This trade represents a 0.78 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 17,330 shares of company stock worth $936,166 in the last three months. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MTDR. Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price for the company in a report on Friday, January 3rd. Mizuho dropped their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. TD Cowen upped their target price on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a report on Wednesday, January 15th. Finally, Benchmark reissued a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a research note on Friday, January 17th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $75.14.

About Matador Resources

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.