Matador Resources Company $MTDR Stock Holdings Increased by Oxbow Advisors LLC

Oxbow Advisors LLC grew its holdings in shares of Matador Resources Company (NYSE:MTDR) by 6.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 152,590 shares of the energy company’s stock after acquiring an additional 9,391 shares during the quarter. Oxbow Advisors LLC owned about 0.12% of Matador Resources worth $6,476,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Kestra Investment Management LLC lifted its holdings in Matador Resources by 225.2% in the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after purchasing an additional 358 shares during the period. Rothschild Investment LLC raised its position in shares of Matador Resources by 5,927.3% during the 3rd quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after buying an additional 652 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Matador Resources in the 3rd quarter worth approximately $35,000. Geneos Wealth Management Inc. lifted its stake in shares of Matador Resources by 361.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after acquiring an additional 690 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in shares of Matador Resources in the third quarter valued at approximately $49,000. 91.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTDR has been the topic of several recent analyst reports. Morgan Stanley dropped their target price on Matador Resources from $56.00 to $52.00 and set an “equal weight” rating on the stock in a report on Friday, January 23rd. TD Cowen increased their price target on Matador Resources from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, March 17th. Royal Bank Of Canada lowered their price target on Matador Resources from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 13th. Weiss Ratings raised Matador Resources from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. Finally, KeyCorp boosted their price target on shares of Matador Resources from $61.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.92.

Matador Resources Price Performance

NYSE MTDR opened at $55.22 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.75 and a debt-to-equity ratio of 0.59. Matador Resources Company has a 1 year low of $37.14 and a 1 year high of $66.84. The company has a market cap of $6.86 billion, a PE ratio of 14.20, a PEG ratio of 1.73 and a beta of 0.81. The stock’s 50-day moving average price is $58.70 and its two-hundred day moving average price is $48.56.

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

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, May 8th. Matador Resources’s payout ratio is presently 24.59%.

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.