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

Oxbow Advisors LLC lifted its stake in Matador Resources Company (NYSE:MTDR) by 6.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,148 shares of the energy company’s stock after purchasing an additional 10,558 shares during the period. Matador Resources accounts for approximately 0.9% of Oxbow Advisors LLC’s holdings, making the stock its 24th largest position. Oxbow Advisors LLC owned about 0.13% of Matador Resources worth $10,308,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Kestra Investment Management LLC grew its stake in Matador Resources by 225.2% during the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after acquiring an additional 358 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Matador Resources in the 3rd quarter worth $35,000. Geneos Wealth Management Inc. boosted its holdings in shares of Matador Resources by 361.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after purchasing an additional 690 shares during the last quarter. Gilpin Wealth Management LLC bought a new position in shares of Matador Resources during the 4th quarter valued at about $42,000. Finally, Johnson Financial Group Inc. purchased a new position in shares of Matador Resources during the third quarter valued at about $49,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Matador Resources Trading Down 0.0%

MTDR opened at $50.16 on Friday. 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. 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 has a 50-day moving average of $55.15 and a 200 day moving average of $52.10.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data 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 return on equity of 11.20% and a net margin of 14.41%.The company had revenue of $941.60 million for the quarter, compared to analysts’ expectations of $871.57 million. During the same period in the previous year, the firm posted $1.99 earnings per share. The firm’s revenue for the quarter was down 33.8% on a year-over-year basis. As a group, research analysts forecast that Matador Resources Company will post 7.25 EPS for the current year.

Matador Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were given a dividend of $0.375 per share. The ex-dividend date of this dividend 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%.

Insider Activity at Matador Resources

In related news, CFO Christopher P. Calvert purchased 1,500 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average cost of $53.24 per share, for a total transaction of $79,860.00. Following the completion of the transaction, the chief financial officer directly owned 41,500 shares in the company, valued at $2,209,460. This represents a 3.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joseph Wm Foran acquired 2,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were purchased at an average cost of $53.07 per share, with a total value of $106,140.00. Following the completion of the purchase, the chief executive officer directly owned 11,479 shares of the company’s stock, valued at $609,190.53. This trade represents a 21.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 11,907 shares of company stock worth $635,712. Company insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MTDR. Weiss Ratings cut Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. KeyCorp increased their price target on Matador Resources from $61.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Zacks Research downgraded Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. TD Cowen upped their price objective on Matador Resources from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, March 17th. Finally, Wells Fargo & Company increased their target price on Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Matador Resources has a consensus rating of “Moderate Buy” and an average price target of $64.38.

About Matador Resources

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.