Swiss National Bank Has $13.12 Million Position in Matador Resources (NYSE:MTDR)

Swiss National Bank increased its stake in shares of Matador Resources (NYSE:MTDR) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,202 shares of the energy company’s stock after purchasing an additional 1,700 shares during the quarter. Swiss National Bank’s holdings in Matador Resources were worth $13,120,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MTDR. GSA Capital Partners LLP increased its holdings in Matador Resources by 176.1% in the 3rd quarter. GSA Capital Partners LLP now owns 9,620 shares of the energy company’s stock worth $475,000 after purchasing an additional 6,136 shares in the last quarter. KBC Group NV lifted its holdings in shares of Matador Resources by 14.5% during the third quarter. KBC Group NV now owns 3,453 shares of the energy company’s stock worth $171,000 after purchasing an additional 436 shares during the period. Quest Partners LLC bought a new stake in shares of Matador Resources in the third quarter worth $1,286,000. Pathstone Holdings LLC increased its holdings in Matador Resources by 6.4% in the third quarter. Pathstone Holdings LLC now owns 237,504 shares of the energy company’s stock valued at $11,737,000 after purchasing an additional 14,282 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Matador Resources during the 3rd quarter worth about $2,330,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insiders Place Their Bets

In other Matador Resources news, Director Paul W. Harvey bought 600 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was purchased at an average cost of $55.20 per share, with a total value of $33,120.00. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy E. Parker bought 2,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $44.67 per share, for a total transaction of $89,340.00. Following the completion of the purchase, the director now directly owns 83,790 shares in the company, valued at approximately $3,742,899.30. This trade represents a 2.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 21,350 shares of company stock valued at $1,100,769. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

MTDR has been the topic of several analyst reports. Wolfe Research upgraded Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price on the stock in a report on Friday, January 3rd. Benchmark restated a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a report on Friday, January 17th. Raymond James decreased their price target on Matador Resources from $77.00 to $67.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Truist Financial boosted their price objective on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. decreased their target price on Matador Resources from $76.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.20.

Matador Resources Trading Up 4.1 %

MTDR opened at $52.62 on Thursday. The firm has a market capitalization of $6.59 billion, a PE ratio of 7.37 and a beta of 3.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. Matador Resources has a fifty-two week low of $43.89 and a fifty-two week high of $71.08. The company’s 50-day moving average is $55.74 and its 200 day moving average is $54.88.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). The company had revenue of $970.37 million for the quarter, compared to analysts’ expectations of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. As a group, research analysts predict that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.3125 per share. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Friday, February 28th. Matador Resources’s dividend payout ratio (DPR) is presently 17.51%.

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.