Matador Resources (NYSE:MTDR) Stock Position Raised by Commerce Bank

Commerce Bank lifted its position in Matador Resources (NYSE:MTDR) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,360 shares of the energy company’s stock after buying an additional 1,098 shares during the quarter. Commerce Bank’s holdings in Matador Resources were worth $611,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in MTDR. Segall Bryant & Hamill LLC grew its position in Matador Resources by 6.4% in the third quarter. Segall Bryant & Hamill LLC now owns 959,550 shares of the energy company’s stock worth $47,421,000 after acquiring an additional 57,995 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in Matador Resources by 329.0% in the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock worth $41,000 after purchasing an additional 635 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Matador Resources in the third quarter worth $2,330,000. Pathstone Holdings LLC increased its position in Matador Resources by 6.4% during the third quarter. Pathstone Holdings LLC now owns 237,504 shares of the energy company’s stock worth $11,737,000 after buying an additional 14,282 shares during the last quarter. Finally, Lindenwold Advisors INC raised its holdings in Matador Resources by 5.1% during the third quarter. Lindenwold Advisors INC now owns 6,650 shares of the energy company’s stock valued at $329,000 after buying an additional 321 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Trading Down 2.8 %

Shares of Matador Resources stock opened at $59.19 on Tuesday. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08. The firm has a market capitalization of $7.39 billion, a PE ratio of 7.84 and a beta of 3.26. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. The company’s fifty day moving average price is $53.66 and its two-hundred day moving average price is $56.71.

Matador Resources (NYSE:MTDR) last posted its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. The business had revenue of $770.20 million for the quarter, compared to analysts’ expectations of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.86 earnings per share. On average, analysts expect that Matador Resources will post 7.5 EPS for the current year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.25 per share. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources’s dividend payout ratio is currently 13.25%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MTDR. Royal Bank of Canada reissued an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a report on Thursday, October 24th. Stephens lifted their price target on shares of Matador Resources from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. decreased their price objective on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Mizuho dropped their target price on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Finally, Wells Fargo & Company decreased their price target on shares of Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and an average price target of $74.92.

Insider Buying and Selling

In other news, CEO Joseph Wm Foran purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $51.47 per share, for a total transaction of $128,675.00. Following the completion of the acquisition, the chief executive officer now directly owns 37,751 shares in the company, valued at approximately $1,943,043.97. The trade was a 7.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robert T. Macalik bought 500 shares of the stock in a transaction on Friday, September 6th. The shares were acquired at an average cost of $50.25 per share, with a total value of $25,125.00. Following the acquisition, the chief accounting officer now directly owns 29,800 shares in the company, valued at approximately $1,497,450. This trade represents a 1.71 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 11,105 shares of company stock worth $562,306 in the last quarter. 6.10% of the stock is 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.