Pathstone Holdings LLC Buys 14,282 Shares of Matador Resources (NYSE:MTDR)

Pathstone Holdings LLC grew its position in shares of Matador Resources (NYSE:MTDR) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,504 shares of the energy company’s stock after buying an additional 14,282 shares during the quarter. Pathstone Holdings LLC’s holdings in Matador Resources were worth $11,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Denver PWM LLC purchased a new stake in Matador Resources during the second quarter valued at $27,000. Covestor Ltd lifted its stake in shares of Matador Resources by 121.4% in the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock worth $28,000 after purchasing an additional 227 shares during the period. Quarry LP boosted its holdings in shares of Matador Resources by 47.5% in the second quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after buying an additional 251 shares during the last quarter. Advisors Asset Management Inc. grew its position in Matador Resources by 191.8% during the first quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock valued at $47,000 after buying an additional 466 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Matador Resources by 28.7% during the third quarter. GAMMA Investing LLC now owns 1,403 shares of the energy company’s stock valued at $69,000 after buying an additional 313 shares during the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, October 1st. Capital One Financial upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $80.00 to $84.00 in a research report on Thursday, July 25th. KeyCorp lowered their price objective on Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Mizuho reduced their target price on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $74.92.

Matador Resources Price Performance

Shares of Matador Resources stock opened at $59.19 on Thursday. The firm has a market cap of $7.39 billion, a PE ratio of 7.84 and a beta of 3.26. The stock has a 50 day moving average of $53.05 and a 200 day moving average of $56.86. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.11. The business had revenue of $770.20 million during the quarter, compared to analyst estimates of $836.69 million. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the company earned $1.86 EPS. On average, research analysts expect that Matador Resources will post 7.5 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 6th. Stockholders of record on Friday, November 15th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.69%. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s dividend payout ratio is currently 13.25%.

Insider Transactions at Matador Resources

In other Matador Resources news, EVP Glenn W. Stetson bought 1,000 shares of Matador Resources stock in a transaction on Wednesday, October 30th. The shares were acquired at an average price of $51.33 per share, for a total transaction of $51,330.00. Following the completion of the purchase, the executive vice president now directly owns 85,935 shares in the company, valued at approximately $4,411,043.55. This trade represents a 1.18 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian J. Willey bought 1,500 shares of the stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $50.50 per share, with a total value of $75,750.00. Following the completion of the purchase, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at approximately $75,750. This trade represents a ? increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 11,105 shares of company stock worth $562,306. 6.10% of the stock is currently owned by 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.