Bessemer Group Inc. Acquires 17,811 Shares of Matador Resources Company $MTDR

Bessemer Group Inc. lifted its holdings in shares of Matador Resources Company (NYSE:MTDR) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 396,979 shares of the energy company’s stock after purchasing an additional 17,811 shares during the period. Bessemer Group Inc. owned about 0.32% of Matador Resources worth $18,946,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. MCF Advisors LLC bought a new stake in Matador Resources in the first quarter worth about $26,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Matador Resources by 93.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock worth $26,000 after purchasing an additional 267 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Matador Resources in the 2nd quarter worth approximately $29,000. Quarry LP raised its holdings in shares of Matador Resources by 70.8% in the 1st quarter. Quarry LP now owns 859 shares of the energy company’s stock worth $44,000 after purchasing an additional 356 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Matador Resources by 361.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after purchasing an additional 690 shares during the period. 91.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on MTDR shares. William Blair started coverage on Matador Resources in a research note on Monday, August 25th. They issued an “outperform” rating on the stock. Royal Bank Of Canada boosted their price objective on Matador Resources from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. UBS Group lowered their price objective on Matador Resources from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. Raymond James Financial reissued an “outperform” rating and issued a $55.00 price target (down previously from $63.00) on shares of Matador Resources in a research report on Monday, October 20th. Finally, Bank of America lowered their price target on shares of Matador Resources from $56.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.93.

Matador Resources Trading Down 0.6%

Shares of MTDR opened at $39.19 on Wednesday. The business’s 50-day moving average price is $45.93 and its 200-day moving average price is $46.24. Matador Resources Company has a twelve month low of $35.19 and a twelve month high of $64.04. The stock has a market cap of $4.87 billion, a PE ratio of 6.26 and a beta of 1.41. The company has a quick ratio of 0.69, a current ratio of 0.73 and a debt-to-equity ratio of 0.55.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Tuesday, October 21st. The energy company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.14. The firm had revenue of $939.02 million for the quarter, compared to analysts’ expectations of $893.22 million. Matador Resources had a return on equity of 14.80% and a net margin of 20.46%.The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 earnings per share. On average, equities analysts forecast that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 10th will be issued a dividend of $0.375 per share. This is a boost from Matador Resources’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.50 dividend on an annualized basis and a yield of 3.8%. Matador Resources’s payout ratio is currently 19.97%.

Insider Transactions at Matador Resources

In other news, CEO Joseph Wm Foran purchased 5,000 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of $49.17 per share, with a total value of $245,850.00. Following the completion of the acquisition, the chief executive officer owned 6,606 shares in the company, valued at $324,817.02. This trade represents a 311.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP William Thomas Elsener purchased 600 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was purchased at an average cost of $48.46 per share, for a total transaction of $29,076.00. Following the acquisition, the executive vice president owned 112,069 shares of the company’s stock, valued at approximately $5,430,863.74. This trade represents a 0.54% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 11,380 shares of company stock valued at $549,188. 5.80% of the stock is currently owned by company insiders.

About Matador Resources

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.