Oxbow Advisors LLC Purchases New Shares in Matador Resources Company $MTDR

Oxbow Advisors LLC purchased a new position in shares of Matador Resources Company (NYSE:MTDR) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 167,686 shares of the energy company’s stock, valued at approximately $8,347,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MTDR. Jones Financial Companies Lllp raised its stake in shares of Matador Resources by 1,104.8% in the first quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock worth $103,000 after acquiring an additional 1,845 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Matador Resources by 361.3% during the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after purchasing an additional 690 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Matador Resources during the second quarter valued at approximately $255,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Matador Resources during the second quarter valued at approximately $5,126,000. Finally, EverSource Wealth Advisors LLC raised its position in Matador Resources by 767.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the energy company’s stock worth $156,000 after purchasing an additional 2,885 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analysts Set New Price Targets

MTDR has been the topic of several research reports. Stephens upped their price objective on Matador Resources from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Matador Resources in a research note on Friday, August 7th. Roth Capital upgraded Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Monday, June 22nd. Morgan Stanley cut their price target on Matador Resources from $75.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Monday, June 29th. Finally, Citigroup decreased their price target on Matador Resources from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.07.

Insider Buying and Selling

In related news, COO Glenn W. Stetson purchased 500 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were bought at an average price of $53.41 per share, with a total value of $26,705.00. Following the purchase, the chief operating officer directly owned 95,470 shares in the company, valued at $5,099,052.70. This trade represents a 0.53% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, EVP William Thomas Elsener purchased 850 shares of Matador Resources stock in a transaction dated Monday, August 10th. The stock was bought at an average price of $50.94 per share, for a total transaction of $43,299.00. Following the completion of the transaction, the executive vice president directly owned 114,879 shares in the company, valued at $5,851,936.26. The trade was a 0.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 31,596 shares of company stock worth $1,654,207. Company insiders own 5.90% of the company’s stock.

Matador Resources Stock Up 2.3%

Shares of NYSE:MTDR opened at $57.23 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.65 and a quick ratio of 0.62. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 9.82 and a beta of 0.76. The company has a 50 day moving average of $51.21 and a 200-day moving average of $54.22. Matador Resources Company has a one year low of $37.14 and a one year high of $66.84.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.53. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the business posted $1.53 earnings per share. Matador Resources’s revenue was up 32.5% compared to the same quarter last year. On average, sell-side analysts forecast that Matador Resources Company will post 7.19 earnings per share for the current year.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, August 10th. This represents a $1.50 annualized dividend and a dividend yield of 2.6%. Matador Resources’s payout ratio is presently 25.73%.

Matador Resources Company 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.