Diversified Trust Co Takes Position in Matador Resources Company $MTDR

Diversified Trust Co bought a new position in shares of Matador Resources Company (NYSE:MTDR) during the 1st quarter, HoldingsChannel.com reports. The fund bought 20,578 shares of the energy company’s stock, valued at approximately $1,300,000.

A number of other large investors have also bought and sold shares of MTDR. Fiduciary Trust Co raised its holdings in shares of Matador Resources by 2.2% during the third quarter. Fiduciary Trust Co now owns 11,821 shares of the energy company’s stock valued at $531,000 after purchasing an additional 253 shares during the period. O Shaughnessy Asset Management LLC increased its position in Matador Resources by 2.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,138 shares of the energy company’s stock valued at $388,000 after buying an additional 254 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in Matador Resources by 3.5% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,233 shares of the energy company’s stock worth $349,000 after buying an additional 278 shares during the period. Legato Capital Management LLC raised its stake in Matador Resources by 3.4% during the 4th quarter. Legato Capital Management LLC now owns 9,369 shares of the energy company’s stock worth $398,000 after buying an additional 305 shares during the period. Finally, Hancock Whitney Corp boosted its holdings in Matador Resources by 0.5% in the third quarter. Hancock Whitney Corp now owns 60,150 shares of the energy company’s stock worth $2,703,000 after acquiring an additional 315 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on MTDR. Mizuho raised their price objective on Matador Resources from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Morgan Stanley increased their target price on Matador Resources from $73.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. UBS Group lifted their price target on shares of Matador Resources from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. BMO Capital Markets boosted their price target on shares of Matador Resources from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Finally, Zacks Research lowered shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.08.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $50.44 on Wednesday. Matador Resources Company has a 52 week low of $37.14 and a 52 week high of $66.84. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average price of $56.47 and a 200-day moving average price of $51.87. The company has a market cap of $6.26 billion, a PE ratio of 12.97 and a beta of 0.74.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the firm earned $1.99 earnings per share. Matador Resources’s quarterly revenue was down 33.8% on a year-over-year basis. Equities analysts anticipate that Matador Resources Company will post 7.45 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, May 8th. Matador Resources’s payout ratio is currently 38.56%.

Insiders Place Their Bets

In other news, COO Glenn W. Stetson purchased 500 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were bought at an average cost of $53.41 per share, with a total value of $26,705.00. Following the completion of the transaction, the chief operating officer directly owned 95,470 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this link. Also, CFO Christopher P. Calvert bought 1,500 shares of the company’s stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $53.24 per share, for a total transaction of $79,860.00. Following the transaction, the chief financial officer owned 41,500 shares in the company, valued at approximately $2,209,460. This represents a 3.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 11,907 shares of company stock valued at $635,712 in the last three months. 5.90% of the stock is currently owned by insiders.

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.