15,820 Shares in Matador Resources Company $MTDR Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. purchased a new stake in Matador Resources Company (NYSE:MTDR) in the 2nd quarter, Holdings Channel reports. The firm purchased 15,820 shares of the energy company’s stock, valued at approximately $788,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MTDR. Kestra Investment Management LLC boosted its position in shares of Matador Resources by 225.2% in the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after acquiring an additional 358 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Matador Resources during the first quarter worth approximately $27,000. Measured Wealth Private Client Group LLC purchased a new position in Matador Resources during the third quarter worth approximately $35,000. Center for Financial Planning Inc. purchased a new position in Matador Resources during the first quarter worth approximately $41,000. Finally, Gilpin Wealth Management LLC acquired a new position in shares of Matador Resources in the 4th quarter valued at $42,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Citigroup lowered their price objective on shares of Matador Resources from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Matador Resources in a report on Friday, August 7th. Mizuho raised Matador Resources to a “strong-buy” rating in a research report on Friday, July 31st. Zacks Research lowered Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Roth Capital upgraded Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.07.

Insider Activity

In other news, CEO Joseph Wm Foran acquired 5,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $51.44 per share, for a total transaction of $257,200.00. Following the acquisition, the chief executive officer directly owned 30,617 shares of the company’s stock, valued at $1,574,938.48. This represents a 19.52% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William Thomas Elsener acquired 850 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was purchased at an average cost of $50.94 per share, with a total value of $43,299.00. Following the completion of the transaction, the executive vice president owned 114,879 shares in the company, valued at $5,851,936.26. The trade was a 0.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 31,596 shares of company stock worth $1,654,207. Corporate insiders own 5.90% of the company’s stock.

Matador Resources Stock Up 4.0%

NYSE MTDR opened at $55.84 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 0.67. Matador Resources Company has a fifty-two week low of $37.14 and a fifty-two week high of $66.84. The business has a 50 day moving average price of $51.14 and a two-hundred day moving average price of $54.13. The stock has a market cap of $6.91 billion, a PE ratio of 9.58 and a beta of 0.76.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.53. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm posted $1.53 earnings per share. The business’s quarterly revenue was up 32.5% on a year-over-year basis. As a group, sell-side analysts predict that Matador Resources Company will post 7.11 EPS for the current fiscal year.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be issued 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 of this dividend is Monday, August 10th. Matador Resources’s dividend payout ratio (DPR) is presently 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.