Lindenwold Advisors INC Sells 263 Shares of Matador Resources (NYSE:MTDR)

Lindenwold Advisors INC lessened its position in shares of Matador Resources (NYSE:MTDR) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,387 shares of the energy company’s stock after selling 263 shares during the period. Lindenwold Advisors INC’s holdings in Matador Resources were worth $359,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MTDR. Copeland Capital Management LLC boosted its stake in shares of Matador Resources by 145.2% in the fourth quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company’s stock valued at $72,223,000 after buying an additional 760,122 shares during the period. Yaupon Capital Management LP boosted its stake in shares of Matador Resources by 565.4% in the third quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company’s stock valued at $36,770,000 after buying an additional 632,218 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Matador Resources in the fourth quarter valued at approximately $22,509,000. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Matador Resources by 57.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 959,795 shares of the energy company’s stock valued at $53,998,000 after buying an additional 349,820 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in Matador Resources by 30.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,286,444 shares of the energy company’s stock worth $72,375,000 after purchasing an additional 302,221 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Stock Performance

Shares of MTDR opened at $50.54 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $6.33 billion, a P/E ratio of 7.08 and a beta of 3.17. The firm’s fifty day simple moving average is $55.88 and its two-hundred day simple moving average is $54.89. Matador Resources has a 12 month low of $43.89 and a 12 month high of $71.08.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The firm had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. As a group, analysts predict that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Friday, February 28th. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s dividend payout ratio is 17.51%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MTDR shares. JPMorgan Chase & Co. cut their target price on Matador Resources from $76.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Truist Financial upped their price target on shares of Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Raymond James decreased their price objective on Matador Resources from $77.00 to $67.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Wolfe Research upgraded Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective for the company in a report on Friday, January 3rd. Finally, Benchmark restated a “buy” rating and issued a $62.00 price objective on shares of Matador Resources in a report on Friday, January 17th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and an average price target of $74.20.

Insider Transactions at Matador Resources

In other Matador Resources news, CAO Robert T. Macalik purchased 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $47.98 per share, with a total value of $57,576.00. Following the transaction, the chief accounting officer now owns 31,000 shares in the company, valued at $1,487,380. The trade was a 4.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Van H. Singleton II purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of $53.21 per share, for a total transaction of $106,420.00. Following the transaction, the insider now owns 289,135 shares in the company, valued at $15,384,873.35. This represents a 0.70 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 21,350 shares of company stock valued at $1,100,769 in the last 90 days. 6.10% of the stock is currently owned by corporate insiders.

Matador Resources Company Profile

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.