Blue Trust Inc. Has $481,000 Stake in Matador Resources (NYSE:MTDR)

Blue Trust Inc. raised its holdings in Matador Resources (NYSE:MTDR) by 2,053.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,075 shares of the energy company’s stock after buying an additional 7,700 shares during the period. Blue Trust Inc.’s holdings in Matador Resources were worth $481,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTDR. International Assets Investment Management LLC boosted its holdings in shares of Matador Resources by 5,584.6% in the 4th quarter. International Assets Investment Management LLC now owns 1,478 shares of the energy company’s stock valued at $84,000 after buying an additional 1,452 shares during the last quarter. Cerity Partners LLC lifted its stake in Matador Resources by 277.6% in the fourth quarter. Cerity Partners LLC now owns 15,269 shares of the energy company’s stock valued at $868,000 after acquiring an additional 11,225 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Matador Resources in the 4th quarter valued at about $1,768,000. SVB Wealth LLC increased its stake in shares of Matador Resources by 5.8% during the 4th quarter. SVB Wealth LLC now owns 6,577 shares of the energy company’s stock worth $374,000 after purchasing an additional 361 shares during the last quarter. Finally, Oakworth Capital Inc. bought a new stake in shares of Matador Resources in the 4th quarter valued at about $31,000. 91.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Robert T. Macalik bought 500 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of $54.50 per share, with a total value of $27,250.00. Following the completion of the acquisition, the chief accounting officer now owns 29,300 shares of the company’s stock, valued at $1,596,850. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Bryan A. Erman bought 1,750 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average cost of $55.90 per share, with a total value of $97,825.00. Following the transaction, the executive vice president now directly owns 1,750 shares in the company, valued at $97,825. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Robert T. Macalik bought 500 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $54.50 per share, for a total transaction of $27,250.00. Following the completion of the acquisition, the chief accounting officer now directly owns 29,300 shares in the company, valued at approximately $1,596,850. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 4,250 shares of company stock worth $236,995. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MTDR. Wolfe Research started coverage on Matador Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Capital One Financial upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $80.00 to $84.00 in a research note on Thursday, July 25th. Stephens cut their price target on Matador Resources from $83.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Wells Fargo & Company upped their price objective on shares of Matador Resources from $88.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Finally, TD Cowen raised their target price on shares of Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.17.

Matador Resources Price Performance

Shares of NYSE MTDR traded down $0.89 during midday trading on Friday, reaching $56.51. The company’s stock had a trading volume of 873,192 shares, compared to its average volume of 1,530,910. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.82 and a current ratio of 0.86. The company has a market cap of $7.05 billion, a P/E ratio of 7.74 and a beta of 3.29. The business’s 50 day moving average price is $59.07 and its two-hundred day moving average price is $61.55. Matador Resources has a fifty-two week low of $50.79 and a fifty-two week high of $71.08.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, July 23rd. The energy company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.29. The firm had revenue of $847.14 million during the quarter, compared to analysts’ expectations of $822.55 million. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The company’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.42 EPS. On average, analysts forecast that Matador Resources will post 7.87 EPS for the current fiscal year.

Matador Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, August 15th. Matador Resources’s payout ratio is presently 10.96%.

Matador Resources 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.