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

Bessemer Group Inc. lowered its holdings in Matador Resources Company (NYSE:MTDR) by 4.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 390,737 shares of the energy company’s stock after selling 18,861 shares during the period. Bessemer Group Inc.’s holdings in Matador Resources were worth $16,582,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its holdings in shares of Matador Resources by 184.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 30,836 shares of the energy company’s stock valued at $1,309,000 after purchasing an additional 20,011 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Matador Resources by 3.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,032,602 shares of the energy company’s stock valued at $46,395,000 after purchasing an additional 37,889 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Matador Resources in the third quarter valued at approximately $61,615,000. Neo Ivy Capital Management acquired a new position in shares of Matador Resources in the third quarter valued at approximately $871,000. Finally, Aquatic Capital Management LLC grew its holdings in Matador Resources by 264.8% during the 3rd quarter. Aquatic Capital Management LLC now owns 111,727 shares of the energy company’s stock worth $5,020,000 after acquiring an additional 81,102 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Trading Up 4.1%

NYSE MTDR opened at $60.34 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 0.59. Matador Resources Company has a 52 week low of $37.14 and a 52 week high of $66.84. The stock has a market capitalization of $7.49 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.85 and a beta of 0.81. The firm has a 50 day moving average of $59.34 and a two-hundred day moving average of $49.18.

Matador Resources (NYSE:MTDR) last issued 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 net margin of 14.41% and a return on equity of 11.20%. The business had revenue of $941.60 million during the quarter, compared to analysts’ expectations of $871.57 million. During the same quarter in the prior year, the business posted $1.99 EPS. The company’s revenue for the quarter was down 33.8% on a year-over-year basis. As a group, research analysts expect that Matador Resources Company will post 7.42 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be issued a $0.375 dividend. The ex-dividend date is Friday, May 8th. This represents a $1.50 annualized dividend and a dividend yield of 2.5%. Matador Resources’s dividend payout ratio is presently 38.56%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Matador Resources from $54.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. BMO Capital Markets boosted their price target on shares of Matador Resources from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Roth Mkm reiterated a “neutral” rating and set a $65.00 price target (up from $52.00) on shares of Matador Resources in a report on Wednesday, April 8th. KeyCorp boosted their price target on shares of Matador Resources from $61.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Finally, UBS Group boosted their price target on shares of Matador Resources from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and an average target price of $63.46.

About Matador Resources

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.