Oppenheimer Asset Management Inc. Makes New $788,000 Investment in Matador Resources Company $MTDR

Oppenheimer Asset Management Inc. bought a new position in shares of Matador Resources Company (NYSE:MTDR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,820 shares of the energy company’s stock, valued at approximately $788,000.

Other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp raised its position in Matador Resources by 1,104.8% in the first quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock worth $103,000 after acquiring an additional 1,845 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Matador Resources by 361.3% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after acquiring an additional 690 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Matador Resources during the 2nd quarter worth $255,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Matador Resources during the 2nd quarter worth $5,126,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Matador Resources by 767.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the energy company’s stock worth $156,000 after purchasing an additional 2,885 shares during the period. 91.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Joseph Wm Foran acquired 5,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was acquired at an average price of $51.44 per share, with a total value of $257,200.00. Following the completion of the transaction, the chief executive officer directly owned 30,617 shares in the company, valued at approximately $1,574,938.48. This represents a 19.52% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Glenn W. Stetson acquired 500 shares of Matador Resources stock in a transaction that occurred on Tuesday, June 9th. The shares were purchased at an average cost of $53.41 per share, for a total transaction of $26,705.00. Following the purchase, 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 position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 31,596 shares of company stock worth $1,654,207. 5.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MTDR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Matador Resources in a report on Friday, August 7th. Morgan Stanley lowered their target price on shares of Matador Resources from $75.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Monday, June 29th. Roth Capital raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 target price for the company in a report on Monday, June 22nd. Mizuho upgraded shares of Matador Resources to a “strong-buy” rating in a research report on Friday, July 31st. Finally, Zacks Research lowered Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.07.

Matador Resources Stock Up 4.0%

MTDR stock opened at $55.84 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.65 and a quick ratio of 0.62. The company’s 50 day simple moving average is $51.14 and its 200-day simple moving average is $54.13. Matador Resources Company has a 12 month low of $37.14 and a 12 month high of $66.84. The firm has a market capitalization of $6.91 billion, a PE ratio of 9.58 and a beta of 0.76.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.53. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.06 billion. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The company’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.53 EPS. Equities analysts expect that Matador Resources Company will post 7.11 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, August 10th. Matador Resources’s dividend payout ratio (DPR) is currently 25.73%.

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.