Matador Resources Company $MTDR Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. grew its holdings in shares of Matador Resources Company (NYSE:MTDR) by 11.4% in the first quarter, Holdings Channel reports. The institutional investor owned 435,426 shares of the energy company’s stock after purchasing an additional 44,689 shares during the period. Bessemer Group Inc.’s holdings in Matador Resources were worth $27,510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC increased its holdings 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 last quarter. V Square Quantitative Management LLC purchased a new stake in Matador Resources during the first quarter worth approximately $27,000. Measured Wealth Private Client Group LLC purchased a new stake in Matador Resources during the third quarter worth approximately $35,000. Center for Financial Planning Inc. acquired a new position in Matador Resources in the first quarter valued at approximately $41,000. Finally, Gilpin Wealth Management LLC acquired a new position in Matador Resources in the fourth quarter valued at approximately $42,000. 91.98% of the stock is owned by institutional investors and hedge funds.

Matador Resources Stock Performance

Shares of MTDR opened at $53.81 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.70 and a current ratio of 0.73. The stock has a market capitalization of $6.68 billion, a P/E ratio of 13.83 and a beta of 0.74. The company’s fifty day moving average is $53.56 and its two-hundred day moving average is $52.83. 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 earnings results on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.24 by $0.29. The company had revenue of $941.60 million during the quarter, compared to analysts’ expectations of $871.57 million. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The business’s revenue was down 33.8% on a year-over-year basis. During the same quarter last year, the business earned $1.99 EPS. On average, sell-side analysts predict that Matador Resources Company will post 6.99 earnings per share for the current year.

Matador Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 8th. Matador Resources’s dividend payout ratio is currently 38.56%.

Insider Buying and Selling

In other Matador Resources news, COO Glenn W. Stetson acquired 500 shares of the stock in a transaction on 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 acquisition, the chief operating officer owned 95,470 shares of the company’s stock, valued at $5,099,052.70. This trade represents a 0.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph Wm Foran bought 4,675 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were acquired at an average price of $52.36 per share, for a total transaction of $244,783.00. Following the transaction, the chief executive officer directly owned 6,997 shares in the company, valued at $366,362.92. This trade represents a 201.34% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 11,907 shares of company stock valued at $635,712 over the last ninety days. Corporate insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MTDR shares. Wells Fargo & Company increased their price target on shares of Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Morgan Stanley reduced their price objective on shares of Matador Resources from $75.00 to $66.00 and set an “equal weight” rating for the company in a research report on Monday, June 29th. Truist Financial lowered their target price on shares of Matador Resources from $67.00 to $63.00 and set a “buy” rating for the company in a report on Thursday. Roth Capital raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Monday, June 22nd. Finally, Mizuho lifted their price target on shares of Matador Resources from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Matador Resources currently has a consensus rating of “Moderate Buy” and an average target price of $64.08.

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.