Pathstone Holdings LLC Increases Holdings in Matador Resources (NYSE:MTDR)

Pathstone Holdings LLC boosted its position in shares of Matador Resources (NYSE:MTDR - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,954 shares of the energy company's stock after purchasing an additional 12,450 shares during the period. Pathstone Holdings LLC owned about 0.20% of Matador Resources worth $14,062,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new position in Matador Resources during the fourth quarter worth $25,000. TCTC Holdings LLC boosted its holdings in Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock valued at $28,000 after purchasing an additional 175 shares during the period. EverSource Wealth Advisors LLC increased its stake in Matador Resources by 108.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock worth $28,000 after acquiring an additional 256 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock worth $29,000 after purchasing an additional 207 shares during the period. Finally, SRS Capital Advisors Inc. boosted its position in shares of Matador Resources by 359.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock worth $33,000 after acquiring an additional 453 shares in the last quarter. Institutional investors own 91.98% of the company's stock.

Insider Activity

In other news, COO Christopher P. Calvert purchased 1,300 shares of the stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of $55.17 per share, with a total value of $71,721.00. Following the completion of the acquisition, the chief operating officer now owns 34,000 shares in the company, valued at $1,875,780. This represents a 3.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul W. Harvey bought 600 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average cost of $55.20 per share, for a total transaction of $33,120.00. Following the acquisition, the director now directly owns 27,917 shares in the company, valued at $1,541,018.40. This trade represents a 2.20% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 36,200 shares of company stock valued at $1,701,872 over the last three months. Corporate insiders own 6.10% of the company's stock.

Matador Resources Stock Up 1.5%

NYSE MTDR traded up $0.64 during mid-day trading on Tuesday, hitting $44.93. The company's stock had a trading volume of 383,255 shares, compared to its average volume of 1,623,167. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 6.29 and a beta of 1.47. The company's 50 day simple moving average is $44.16 and its 200 day simple moving average is $52.32. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. Matador Resources has a twelve month low of $35.19 and a twelve month high of $66.89.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The energy company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.74 by $0.25. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $980.87 million. During the same period in the previous year, the firm posted $1.71 earnings per share. The firm's revenue for the quarter was up 28.7% on a year-over-year basis. Analysts anticipate that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources announced that its board has authorized a stock repurchase plan on Wednesday, April 23rd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the energy company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 9th will be paid a $0.3125 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.78%. Matador Resources's payout ratio is presently 16.78%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Mizuho dropped their price objective on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. JPMorgan Chase & Co. reduced their price objective on Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. KeyCorp dropped their target price on Matador Resources from $72.00 to $60.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Royal Bank of Canada cut their price target on Matador Resources from $70.00 to $62.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, Morgan Stanley dropped their price objective on shares of Matador Resources from $84.00 to $68.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.44.

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.