Oppenheimer Asset Management Inc. Acquires 9,672 Shares of Matador Resources (NYSE:MTDR)

Oppenheimer Asset Management Inc. boosted its holdings in shares of Matador Resources (NYSE:MTDR) by 53.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,742 shares of the energy company’s stock after acquiring an additional 9,672 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Matador Resources were worth $1,561,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after purchasing an additional 207 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of Matador Resources in the 3rd quarter worth approximately $37,000. Denver PWM LLC increased its position in Matador Resources by 67.2% during the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock valued at $37,000 after buying an additional 303 shares in the last quarter. Avior Wealth Management LLC raised its stake in Matador Resources by 329.0% during the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after buying an additional 635 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Matador Resources by 90.2% in the fourth quarter. First Horizon Advisors Inc. now owns 858 shares of the energy company’s stock worth $48,000 after acquiring an additional 407 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Down 8.9 %

Matador Resources stock opened at $47.70 on Tuesday. Matador Resources has a one year low of $47.15 and a one year high of $71.08. The stock has a fifty day moving average of $58.01 and a 200 day moving average of $55.71. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The stock has a market cap of $5.97 billion, a PE ratio of 6.68 and a beta of 3.22.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). The business had revenue of $970.37 million for the quarter, compared to analysts’ expectations of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. As a group, sell-side analysts predict that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.3125 dividend. The ex-dividend date is Friday, February 28th. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a yield of 2.62%. Matador Resources’s dividend payout ratio (DPR) is presently 17.51%.

Insider Transactions at Matador Resources

In related news, CEO Joseph Wm Foran acquired 2,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were purchased at an average price of $55.18 per share, with a total value of $110,360.00. Following the completion of the purchase, the chief executive officer now directly owns 42,251 shares of the company’s stock, valued at $2,331,410.18. This represents a 4.97 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul W. Harvey acquired 600 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average price of $55.20 per share, with a total value of $33,120.00. Following the completion of the purchase, the director now owns 27,917 shares in the company, valued at $1,541,018.40. This trade represents a 2.20 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 17,330 shares of company stock worth $936,166 in the last 90 days. 6.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MTDR. Benchmark restated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a report on Friday, January 17th. TD Cowen raised their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Truist Financial increased their price target on shares of Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 13th. Mizuho decreased their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Finally, Wells Fargo & Company upped their price objective on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $75.14.

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.