Wasatch Advisors LP Has $78.58 Million Position in Matador Resources (NYSE:MTDR)

Wasatch Advisors LP boosted its holdings in Matador Resources (NYSE:MTDR) by 7.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,176,802 shares of the energy company’s stock after buying an additional 79,920 shares during the period. Wasatch Advisors LP’s holdings in Matador Resources were worth $78,575,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Oakworth Capital Inc. acquired a new stake in Matador Resources in the fourth quarter worth $31,000. Financial Management Professionals Inc. acquired a new stake in Matador Resources in the fourth quarter worth $34,000. Rise Advisors LLC acquired a new stake in Matador Resources in the first quarter worth $34,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Matador Resources during the fourth quarter worth $35,000. Finally, GAMMA Investing LLC bought a new stake in shares of Matador Resources during the fourth quarter worth $53,000. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Trading Up 0.4 %

Shares of MTDR traded up $0.25 during mid-day trading on Tuesday, reaching $59.93. The company’s stock had a trading volume of 1,403,198 shares, compared to its average volume of 1,522,390. The stock has a market cap of $7.48 billion, a PE ratio of 8.21 and a beta of 3.29. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.43. Matador Resources has a 52 week low of $49.12 and a 52 week high of $71.08. The company’s fifty day moving average price is $60.93 and its two-hundred day moving average price is $60.82.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, April 23rd. The energy company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.32. The business had revenue of $787.70 million for the quarter, compared to the consensus estimate of $740.99 million. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The company’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.50 EPS. On average, analysts predict that Matador Resources will post 7.86 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, May 16th. Matador Resources’s payout ratio is 10.96%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MTDR. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research report on Tuesday, March 5th. KeyCorp lifted their price objective on shares of Matador Resources from $71.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Truist Financial upped their price target on shares of Matador Resources from $87.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Benchmark cut their price target on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Finally, Mizuho upped their price objective on shares of Matador Resources from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $76.09.

Insider Buying and Selling

In other Matador Resources news, EVP Bryan A. Erman acquired 1,750 shares of the stock in a transaction dated Friday, June 14th. The shares were purchased at an average price of $55.90 per share, for a total transaction of $97,825.00. Following the purchase, the executive vice president now directly owns 1,750 shares of the company’s stock, valued at $97,825. The acquisition was disclosed in a filing with the SEC, which is available at this link. 6.10% of the stock is currently owned by company 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.