Goehring & Rozencwajg Associates LLC Increases Holdings in Matador Resources Company $MTDR

Goehring & Rozencwajg Associates LLC increased its position in Matador Resources Company (NYSE:MTDR) by 33.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 457,894 shares of the energy company’s stock after purchasing an additional 113,756 shares during the quarter. Matador Resources makes up about 1.6% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 21st biggest position. Goehring & Rozencwajg Associates LLC’s holdings in Matador Resources were worth $28,930,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in Matador Resources during the 1st quarter valued at $27,000. Kestra Investment Management LLC grew its position in shares of Matador Resources by 225.2% during the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after buying an additional 358 shares in the last quarter. Center for Financial Planning Inc. purchased a new position in shares of Matador Resources during the first quarter valued at $41,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Matador Resources during the third quarter valued at $35,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of 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 in the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Matador Resources Price Performance

MTDR opened at $52.68 on Thursday. The business’s 50-day moving average is $53.65 and its two-hundred day moving average is $52.75. Matador Resources Company has a 1 year low of $37.14 and a 1 year high of $66.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.73 and a quick ratio of 0.70. The firm has a market capitalization of $6.54 billion, a PE ratio of 13.54 and a beta of 0.74.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $871.57 million. During the same period last year, the business earned $1.99 EPS. The company’s revenue was down 33.8% compared to the same quarter last year. Research analysts anticipate that Matador Resources Company will post 7.06 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.50 dividend on an annualized basis and a yield of 2.8%. Matador Resources’s dividend payout ratio is presently 38.56%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. KeyCorp upped their price objective on shares of Matador Resources from $61.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Morgan Stanley cut 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. Mizuho boosted their price target on shares of Matador Resources from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. BMO Capital Markets upped their price target on shares of Matador Resources from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Finally, Citigroup dropped their price objective on shares of Matador Resources from $77.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.38.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, COO Glenn W. Stetson acquired 500 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was purchased at an average price of $53.41 per share, for a total transaction of $26,705.00. Following the acquisition, the chief operating officer owned 95,470 shares in the company, valued at approximately $5,099,052.70. This trade represents a 0.53% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph Wm Foran acquired 2,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was acquired at an average cost of $53.07 per share, with a total value of $106,140.00. Following the transaction, the chief executive officer directly owned 11,479 shares in the company, valued at approximately $609,190.53. This represents a 21.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 11,907 shares of company stock worth $635,712 over the last three months. Corporate insiders own 5.90% of the company’s stock.

Matador Resources Profile

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.