Carlson Capital L.P. raised its holdings in Matador Resources Company (NYSE:MTDR – Free Report) by 73.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 33,757 shares of the energy company’s stock after acquiring an additional 14,257 shares during the period. Matador Resources accounts for 0.7% of Carlson Capital L.P.’s portfolio, making the stock its 17th largest position. Carlson Capital L.P.’s holdings in Matador Resources were worth $2,133,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently added to or reduced their stakes in MTDR. Harbor Capital Advisors Inc. increased its position 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 worth $1,309,000 after acquiring an additional 20,011 shares during the period. Peterson Wealth Services raised its stake in Matador Resources by 333.7% during the 4th quarter. Peterson Wealth Services now owns 51,356 shares of the energy company’s stock valued at $2,180,000 after purchasing an additional 39,516 shares during the last quarter. Morningstar Investment Management LLC bought a new stake in Matador Resources in the 1st quarter valued at $2,630,000. Thrivent Financial for Lutherans boosted its holdings in Matador Resources by 2.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,054,232 shares of the energy company’s stock valued at $44,742,000 after purchasing an additional 21,630 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in Matador Resources by 17.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 233,212 shares of the energy company’s stock worth $9,898,000 after purchasing an additional 35,366 shares during the last quarter. 91.98% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, CEO Joseph Wm Foran purchased 4,675 shares of the stock in a transaction on Wednesday, May 27th. The shares were purchased at an average cost of $52.36 per share, for a total transaction of $244,783.00. Following the completion of the transaction, the chief executive officer directly owned 6,997 shares of the company’s stock, valued at approximately $366,362.92. The trade was a 201.34% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Christopher P. Calvert acquired 1,500 shares of the company’s stock in a transaction on Friday, May 29th. The shares were bought at an average price of $53.24 per share, with a total value of $79,860.00. Following the completion of the purchase, the chief financial officer directly owned 41,500 shares of the company’s stock, valued at approximately $2,209,460. This represents a 3.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 11,907 shares of company stock worth $635,712 in the last 90 days. 5.90% of the stock is owned by company insiders.
Matador Resources Stock Up 3.1%
Matador Resources (NYSE:MTDR – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.29. The company had revenue of $941.60 million for the quarter, compared to the consensus estimate of $871.57 million. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The company’s quarterly revenue was down 33.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.99 earnings per share. On average, analysts anticipate that Matador Resources Company will post 6.81 EPS for the current year.
Matador Resources Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, August 10th. Matador Resources’s dividend payout ratio (DPR) is 38.56%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on MTDR shares. Mizuho boosted their price objective on shares of Matador Resources from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Zacks Research cut shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Stephens lifted their target price on Matador Resources from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday. Citigroup decreased their target price on Matador Resources from $72.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Finally, UBS Group lowered their price target on Matador Resources from $56.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and an average price target of $66.00.
View Our Latest Stock Report on Matador Resources
About Matador Resources
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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