Baer Investment Advisory LLC Takes Position in Matador Resources Company $MTDR

Baer Investment Advisory LLC purchased a new position in shares of Matador Resources Company (NYSE:MTDR) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,361 shares of the energy company’s stock, valued at approximately $971,000.

Several other hedge funds also recently modified their holdings of the stock. Kestra Investment Management LLC grew its position in shares of Matador Resources by 225.2% in the 2nd 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 during the period. Measured Wealth Private Client Group LLC acquired a new position in Matador Resources in the 3rd quarter valued at $35,000. Geneos Wealth Management Inc. grew its stake in shares of Matador Resources by 361.3% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after acquiring an additional 690 shares in the last quarter. Gilpin Wealth Management LLC bought a new position in Matador Resources during the fourth quarter worth about $42,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Matador Resources during the 3rd quarter worth approximately $49,000. Institutional investors own 91.98% of the company’s stock.

Insider Buying and Selling

In other Matador Resources news, CFO Christopher P. Calvert acquired 1,500 shares of the business’s stock in a transaction on Friday, May 29th. The shares were acquired at an average price of $53.24 per share, with a total value of $79,860.00. Following the completion of the transaction, the chief financial officer owned 41,500 shares in the company, 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 SEC, which is accessible through this link. Also, CEO Joseph Wm Foran acquired 2,000 shares of Matador Resources stock in a transaction on Tuesday, June 9th. The stock was acquired at an average price of $53.07 per share, with a total value of $106,140.00. Following the purchase, the chief executive officer directly owned 11,479 shares in the company, valued at approximately $609,190.53. This trade represents a 21.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 11,907 shares of company stock worth $635,712. 5.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MTDR shares. Weiss Ratings cut Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Truist Financial upgraded shares of Matador Resources from a “hold” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $67.00 in a research report on Tuesday, May 12th. Roth Mkm upgraded Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Monday, June 22nd. Citigroup reduced their price target on Matador Resources from $77.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Finally, BMO Capital Markets upped their price target on Matador Resources from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $64.38.

Matador Resources Stock Performance

NYSE MTDR opened at $50.16 on Friday. The company has a fifty day moving average price of $55.15 and a 200-day moving average price of $52.10. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 12.89 and a beta of 0.74. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.73 and a quick ratio of 0.70. Matador Resources Company has a 1 year low of $37.14 and a 1 year high of $66.84.

Matador Resources (NYSE:MTDR) last released its quarterly 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 analysts’ expectations of $871.57 million. During the same period in the previous year, the company earned $1.99 earnings per share. The firm’s revenue for the quarter was down 33.8% compared to the same quarter last year. As a group, equities research analysts predict that Matador Resources Company will post 7.25 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 8th. Matador Resources’s dividend payout ratio (DPR) is presently 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.