Oxbow Advisors LLC Acquires 10,558 Shares of Matador Resources Company $MTDR

Oxbow Advisors LLC lifted its holdings in Matador Resources Company (NYSE:MTDR) by 6.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 163,148 shares of the energy company’s stock after buying an additional 10,558 shares during the quarter. Matador Resources makes up about 0.9% of Oxbow Advisors LLC’s portfolio, making the stock its 24th biggest position. Oxbow Advisors LLC’s holdings in Matador Resources were worth $10,308,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in Matador Resources by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,670,265 shares of the energy company’s stock valued at $283,089,000 after acquiring an additional 258,745 shares during the last quarter. State Street Corp lifted its position in shares of Matador Resources by 1.9% during the fourth quarter. State Street Corp now owns 4,617,864 shares of the energy company’s stock worth $195,982,000 after purchasing an additional 86,344 shares during the last quarter. LSV Asset Management boosted its stake in shares of Matador Resources by 8.8% during the fourth quarter. LSV Asset Management now owns 3,842,011 shares of the energy company’s stock valued at $163,055,000 after purchasing an additional 309,708 shares during the period. Wellington Management Group LLP boosted its stake in shares of Matador Resources by 65.0% during the fourth quarter. Wellington Management Group LLP now owns 3,406,182 shares of the energy company’s stock valued at $144,558,000 after purchasing an additional 1,342,145 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its holdings in shares of Matador Resources by 12.9% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,365,997 shares of the energy company’s stock worth $142,853,000 after purchasing an additional 385,000 shares during the last quarter. 91.98% of the stock is owned by institutional investors.

Insider Transactions at Matador Resources

In other Matador Resources news, CFO Christopher P. Calvert purchased 1,500 shares of the stock in a transaction dated Friday, May 29th. The stock was purchased at an average price of $53.24 per share, with a total value of $79,860.00. Following the transaction, the chief financial officer owned 41,500 shares of the company’s stock, valued at approximately $2,209,460. This trade represents a 3.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph Wm Foran acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average price of $53.07 per share, for a total transaction of $106,140.00. Following the completion of the purchase, the chief executive officer owned 11,479 shares of the company’s stock, valued at approximately $609,190.53. This represents a 21.10% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 11,907 shares of company stock valued at $635,712. Company insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MTDR shares. Mizuho raised their price target on shares of Matador Resources from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Truist Financial raised shares of Matador Resources from a “hold” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $67.00 in a research report on Tuesday, May 12th. Roth Mkm raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Monday, June 22nd. BMO Capital Markets lifted their price target on shares of Matador Resources from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Finally, Weiss Ratings lowered Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.38.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $50.16 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average price is $55.15 and its 200-day moving average price is $52.10. The firm has a market cap of $6.23 billion, a P/E ratio of 12.89 and a beta of 0.74. Matador Resources Company has a 12 month low of $37.14 and a 12 month high of $66.84.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.29. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The company had revenue of $941.60 million during the quarter, compared to analyst estimates of $871.57 million. During the same period in the prior year, the firm earned $1.99 earnings per share. The firm’s revenue for the quarter was down 33.8% compared to the same quarter last year. On average, equities research analysts expect that Matador Resources Company will post 7.25 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were issued a $0.375 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.50 annualized dividend and a dividend yield of 3.0%. Matador Resources’s payout ratio is currently 38.56%.

Matador Resources Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.