American Trust Buys 2,130 Shares of Matador Resources (NYSE:MTDR)

American Trust boosted its stake in shares of Matador Resources (NYSE:MTDR) by 60.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,630 shares of the energy company’s stock after buying an additional 2,130 shares during the period. American Trust’s holdings in Matador Resources were worth $278,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MTDR. CWM LLC lifted its stake in Matador Resources by 9.6% in the second quarter. CWM LLC now owns 3,869 shares of the energy company’s stock worth $231,000 after purchasing an additional 339 shares during the last quarter. Blue Trust Inc. boosted its holdings in Matador Resources by 2,053.3% during the 2nd quarter. Blue Trust Inc. now owns 8,075 shares of the energy company’s stock valued at $481,000 after acquiring an additional 7,700 shares during the period. Raymond James & Associates grew its position in Matador Resources by 12.0% in the 2nd quarter. Raymond James & Associates now owns 201,214 shares of the energy company’s stock valued at $11,992,000 after acquiring an additional 21,495 shares during the last quarter. Fifth Third Bancorp increased its stake in Matador Resources by 16.6% in the second quarter. Fifth Third Bancorp now owns 1,709 shares of the energy company’s stock worth $102,000 after purchasing an additional 243 shares during the period. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of Matador Resources during the second quarter worth $203,000. 91.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on MTDR. Truist Financial cut their price target on shares of Matador Resources from $86.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, September 30th. BMO Capital Markets upped their target price on shares of Matador Resources from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research note on Friday, December 6th. Mizuho dropped their price objective on Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Finally, Wells Fargo & Company decreased their target price on Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and a consensus price target of $75.08.

Matador Resources Price Performance

MTDR opened at $56.69 on Friday. The firm has a market capitalization of $7.07 billion, a PE ratio of 7.51 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 business’s 50-day moving average is $55.51 and its two-hundred day moving average is $56.39. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. The firm had revenue of $770.20 million for the quarter, compared to the consensus estimate of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 EPS. Research analysts anticipate that Matador Resources will post 7.49 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date was Friday, November 15th. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 1.76%. Matador Resources’s dividend payout ratio (DPR) is 13.25%.

Insider Activity at Matador Resources

In other news, EVP Glenn W. Stetson bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were purchased at an average price of $51.33 per share, for a total transaction of $51,330.00. Following the completion of the transaction, the executive vice president now directly owns 85,935 shares in the company, valued at approximately $4,411,043.55. This represents a 1.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Joseph Wm Foran acquired 2,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was acquired at an average price of $55.18 per share, for a total transaction of $110,360.00. Following the purchase, the chief executive officer now directly owns 42,251 shares of the company’s stock, valued at approximately $2,331,410.18. This trade represents a 4.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 3,305 shares of company stock valued at $177,221 in the last three months. 6.10% of the stock is owned by insiders.

Matador Resources 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.