Hsbc Holdings PLC Grows Stake in Matador Resources Company $MTDR

Hsbc Holdings PLC boosted its holdings in shares of Matador Resources Company (NYSE:MTDR) by 123.9% during the 2nd quarter, Holdings Channel reports. The firm owned 60,697 shares of the energy company’s stock after buying an additional 33,587 shares during the period. Hsbc Holdings PLC’s holdings in Matador Resources were worth $2,915,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. LSV Asset Management grew its holdings in Matador Resources by 45.7% during the 2nd quarter. LSV Asset Management now owns 3,334,775 shares of the energy company’s stock valued at $159,135,000 after buying an additional 1,045,396 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of Matador Resources by 2,002.9% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,051,472 shares of the energy company’s stock worth $53,720,000 after acquiring an additional 1,001,472 shares during the last quarter. Vanguard Group Inc. grew its stake in Matador Resources by 7.6% during the first quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company’s stock valued at $690,310,000 after acquiring an additional 956,090 shares in the last quarter. Nuveen LLC bought a new stake in Matador Resources in the 1st quarter valued at $35,715,000. Finally, Wellington Management Group LLP increased its holdings in Matador Resources by 30.5% in the 1st quarter. Wellington Management Group LLP now owns 2,043,715 shares of the energy company’s stock valued at $104,413,000 after acquiring an additional 477,236 shares during the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Christopher P. Calvert bought 2,500 shares of the stock in a transaction dated Monday, November 3rd. The stock was purchased at an average price of $39.44 per share, for a total transaction of $98,600.00. Following the acquisition, the chief operating officer owned 40,000 shares of the company’s stock, valued at $1,577,600. The trade was a 6.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Shelley F. Appel purchased 1,389 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average price of $38.01 per share, for a total transaction of $52,795.89. Following the completion of the acquisition, the director directly owned 5,084 shares in the company, valued at $193,242.84. The trade was a 37.59% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 41,726 shares of company stock valued at $1,674,234. 5.80% of the stock is currently owned by company insiders.

Matador Resources Price Performance

NYSE:MTDR opened at $45.17 on Friday. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 7.22 and a beta of 1.11. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.69. The business has a 50 day simple moving average of $41.85 and a 200-day simple moving average of $46.08. Matador Resources Company has a 1 year low of $35.19 and a 1 year high of $64.04.

Matador Resources (NYSE:MTDR) last released its 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. Matador Resources had a return on equity of 14.80% and a net margin of 20.46%.The firm had revenue of $939.02 million for the quarter, compared to the consensus estimate of $893.22 million. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 EPS. Equities analysts forecast that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 10th were paid a $0.375 dividend. This is an increase from Matador Resources’s previous quarterly dividend of $0.31. This represents a $1.50 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, November 10th. Matador Resources’s payout ratio is currently 23.96%.

Wall Street Analysts Forecast Growth

Several research firms have commented on MTDR. Weiss Ratings reissued a “hold (c-)” rating on shares of Matador Resources in a report on Tuesday, October 14th. Raymond James Financial reissued an “outperform” rating and set a $55.00 price target (down from $63.00) on shares of Matador Resources in a research note on Monday, October 20th. Mizuho reduced their price objective on Matador Resources from $69.00 to $67.00 and set an “outperform” rating on the stock in a research note on Friday, October 10th. UBS Group decreased their price objective on Matador Resources from $48.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Finally, Wells Fargo & Company reduced their price target on shares of Matador Resources from $71.00 to $61.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $63.57.

Matador Resources Profile

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.