Goehring & Rozencwajg Associates LLC Has $15.28 Million Stock Position in Matador Resources Company (NYSE:MTDR)

Goehring & Rozencwajg Associates LLC boosted its stake in shares of Matador Resources Company (NYSE:MTDR - Free Report) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 292,069 shares of the energy company's stock after purchasing an additional 6,390 shares during the quarter. Matador Resources comprises approximately 2.8% of Goehring & Rozencwajg Associates LLC's investment portfolio, making the stock its 10th biggest position. Goehring & Rozencwajg Associates LLC owned about 0.23% of Matador Resources worth $15,278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TCTC Holdings LLC raised its stake in Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock worth $28,000 after purchasing an additional 175 shares in the last quarter. Atria Investments Inc increased its position in shares of Matador Resources by 3.1% in the fourth quarter. Atria Investments Inc now owns 8,188 shares of the energy company's stock worth $461,000 after purchasing an additional 249 shares during the period. EverSource Wealth Advisors LLC raised its stake in Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock valued at $28,000 after purchasing an additional 256 shares in the last quarter. Arizona State Retirement System lifted its position in Matador Resources by 0.8% during the fourth quarter. Arizona State Retirement System now owns 34,413 shares of the energy company's stock worth $1,936,000 after purchasing an additional 280 shares during the period. Finally, State of Wyoming grew its stake in Matador Resources by 11.6% during the fourth quarter. State of Wyoming now owns 2,772 shares of the energy company's stock worth $156,000 after buying an additional 288 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wells Fargo & Company reduced their target price on Matador Resources from $80.00 to $74.00 and set an "overweight" rating on the stock in a report on Monday, June 16th. KeyCorp decreased their price target on shares of Matador Resources from $72.00 to $60.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Royal Bank Of Canada decreased their price target on shares of Matador Resources from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Bank of America assumed coverage on shares of Matador Resources in a report on Monday, May 19th. They set a "buy" rating and a $56.00 price target on the stock. Finally, Stephens decreased their price target on shares of Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $69.06.

Matador Resources Stock Down 2.7%

Shares of MTDR stock traded down $1.37 on Monday, hitting $49.10. The stock had a trading volume of 1,346,080 shares, compared to its average volume of 1,560,796. The business has a 50 day moving average of $45.77 and a 200 day moving average of $49.94. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 6.59 and a beta of 1.46. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.79 and a quick ratio of 0.76. Matador Resources Company has a 12-month low of $35.19 and a 12-month high of $66.89.

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

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 9th were issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 2.55%. The ex-dividend date was Friday, May 9th. Matador Resources's dividend payout ratio (DPR) is presently 16.78%.

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

Insider Activity

In other Matador Resources news, COO Christopher P. Calvert purchased 1,500 shares of the stock in a transaction dated Thursday, May 1st. The shares were bought at an average price of $41.13 per share, with a total value of $61,695.00. Following the completion of the transaction, the chief operating officer directly owned 36,500 shares in the company, valued at approximately $1,501,245. This trade represents a 4.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph Wm Foran purchased 5,000 shares of the stock in a transaction dated Tuesday, April 29th. The stock was purchased at an average cost of $40.86 per share, for a total transaction of $204,300.00. Following the completion of the acquisition, the chief executive officer owned 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 disclosure for this purchase can be found here. Over the last three months, insiders have purchased 14,850 shares of company stock valued at $601,103. 5.80% of the stock is currently owned by corporate insiders.

Matador Resources Company Profile

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.