Bessemer Group Inc. Buys 15,355 Shares of Matador Resources Company (NYSE:MTDR)

Bessemer Group Inc. grew its holdings in Matador Resources Company (NYSE:MTDR - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 379,168 shares of the energy company's stock after purchasing an additional 15,355 shares during the period. Bessemer Group Inc. owned approximately 0.30% of Matador Resources worth $19,371,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MTDR. LSV Asset Management increased its stake in shares of Matador Resources by 262.0% in the 4th quarter. LSV Asset Management now owns 1,517,308 shares of the energy company's stock valued at $85,364,000 after purchasing an additional 1,098,108 shares during the last quarter. Webs Creek Capital Management LP acquired a new stake in shares of Matador Resources during the 4th quarter valued at $37,894,000. Alliancebernstein L.P. boosted its holdings in shares of Matador Resources by 25.9% during the 4th quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company's stock valued at $151,824,000 after acquiring an additional 555,245 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Matador Resources during the 4th quarter valued at $22,509,000. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Matador Resources by 101.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 734,626 shares of the energy company's stock valued at $41,330,000 after acquiring an additional 370,388 shares in the last quarter. Institutional investors own 91.98% of the company's stock.

Matador Resources Trading Down 0.7%

Shares of MTDR stock traded down $0.36 during mid-day trading on Friday, hitting $48.24. The company's stock had a trading volume of 1,846,017 shares, compared to its average volume of 1,620,558. The company's fifty day simple moving average is $44.74 and its 200-day simple moving average is $50.27. Matador Resources Company has a 52 week low of $35.19 and a 52 week high of $66.89. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.76 and a current ratio of 0.79. The company has a market cap of $6.04 billion, a PE ratio of 6.48 and a beta of 1.46.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The energy company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.25. Matador Resources had a return on equity of 18.45% and a net margin of 24.97%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $980.87 million. During the same period last year, the company posted $1.71 EPS. The business's quarterly revenue was up 28.7% on a year-over-year basis. As a group, equities research analysts expect that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 9th were given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Friday, May 9th. Matador Resources's payout ratio is 16.78%.

Matador Resources announced that its Board of Directors has approved a share repurchase program on Wednesday, April 23rd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the energy company to purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MTDR shares. Bank of America started coverage on Matador Resources in a report on Monday, May 19th. They set a "buy" rating and a $56.00 price objective on the stock. Morgan Stanley cut their price objective on Matador Resources from $84.00 to $68.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Stephens cut their price objective on Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company cut their price objective on Matador Resources from $80.00 to $74.00 and set an "overweight" rating on the stock in a report on Monday, June 16th. Finally, JPMorgan Chase & Co. cut their price objective on Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $69.06.

Insider Activity at Matador Resources

In other news, CEO Joseph Wm Foran bought 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was acquired at an average cost of $40.86 per share, with a total value of $204,300.00. Following the transaction, the chief executive officer now directly owns 50,756 shares of the company's stock, valued at approximately $2,073,890.16. This represents a 10.93% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Glenn W. Stetson bought 1,000 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was purchased at an average cost of $41.53 per share, with a total value of $41,530.00. Following the completion of the transaction, the executive vice president now directly owns 93,180 shares in the company, valued at $3,869,765.40. This represents a 1.08% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 14,850 shares of company stock valued at $601,103 in the last three months. Corporate insiders own 5.80% of the company's stock.

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.