Winmill & CO. Inc. trimmed its position in Matador Resources Company (NYSE:MTDR – Free Report) by 13.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,000 shares of the energy company’s stock after selling 16,500 shares during the quarter. Matador Resources makes up approximately 1.2% of Winmill & CO. Inc.’s holdings, making the stock its 23rd largest position. Winmill & CO. Inc.’s holdings in Matador Resources were worth $4,668,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. increased its stake in Matador Resources by 184.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 30,836 shares of the energy company’s stock valued at $1,309,000 after purchasing an additional 20,011 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Matador Resources in the 3rd quarter worth about $61,615,000. Wedge Capital Management L L P NC boosted its holdings in shares of Matador Resources by 25.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 78,035 shares of the energy company’s stock valued at $3,312,000 after buying an additional 15,859 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Matador Resources by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 14,780,888 shares of the energy company’s stock valued at $664,105,000 after buying an additional 101,613 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in shares of Matador Resources during the 3rd quarter valued at about $871,000. 91.98% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CEO Joseph Wm Foran purchased 2,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were bought at an average cost of $53.07 per share, for a total transaction of $106,140.00. Following the transaction, the chief executive officer owned 11,479 shares of the company’s stock, valued at $609,190.53. This represents a 21.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Christopher P. Calvert purchased 1,500 shares of Matador Resources stock in a transaction dated Friday, May 29th. The stock was bought at an average cost of $53.24 per share, with a total value of $79,860.00. Following the completion of the purchase, the chief financial officer owned 41,500 shares in the company, valued at approximately $2,209,460. This trade represents a 3.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 11,907 shares of company stock valued at $635,712 over the last 90 days. 5.90% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Check Out Our Latest Report on Matador Resources
Matador Resources Stock Performance
Shares of MTDR stock opened at $53.98 on Monday. Matador Resources Company has a 12-month low of $37.14 and a 12-month high of $66.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.73 and a quick ratio of 0.70. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 13.88 and a beta of 0.75. The business has a 50 day simple moving average of $58.08 and a 200 day simple moving average of $51.48.
Matador Resources (NYSE:MTDR – Get Free Report) last announced its earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.29. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The firm had revenue of $941.60 million for the quarter, compared to the consensus estimate of $871.57 million. During the same quarter in the previous year, the business earned $1.99 EPS. The firm’s revenue for the quarter was down 33.8% on a year-over-year basis. On average, equities research analysts anticipate that Matador Resources Company will post 7.5 EPS for the current year.
Matador Resources Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, May 8th. Matador Resources’s payout ratio is currently 38.56%.
Matador Resources Profile
Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.
Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.
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