G.F.W. Energy XII L.P. Takes Position in Matador Resources Company $MTDR

G.F.W. Energy XII L.P. purchased a new stake in Matador Resources Company (NYSE:MTDR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 71,537 shares of the energy company’s stock, valued at approximately $3,414,000. Matador Resources makes up about 26.2% of G.F.W. Energy XII L.P.’s portfolio, making the stock its 2nd biggest position. G.F.W. Energy XII L.P. owned approximately 0.06% of Matador Resources as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. lifted its stake in Matador Resources by 113.4% in the 2nd quarter. NBC Securities Inc. now owns 15,896 shares of the energy company’s stock worth $758,000 after acquiring an additional 8,447 shares in the last quarter. Dark Forest Capital Management LP increased its holdings in shares of Matador Resources by 267.7% in the 1st quarter. Dark Forest Capital Management LP now owns 78,319 shares of the energy company’s stock valued at $4,001,000 after purchasing an additional 57,019 shares during the period. Royal Bank of Canada lifted its position in shares of Matador Resources by 13.3% in the first quarter. Royal Bank of Canada now owns 439,972 shares of the energy company’s stock worth $22,478,000 after purchasing an additional 51,499 shares in the last quarter. Synovus Financial Corp boosted its holdings in shares of Matador Resources by 25.4% during the first quarter. Synovus Financial Corp now owns 28,979 shares of the energy company’s stock worth $1,481,000 after purchasing an additional 5,876 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of Matador Resources by 45.7% during the second quarter. LSV Asset Management now owns 3,334,775 shares of the energy company’s stock worth $159,135,000 after purchasing an additional 1,045,396 shares during the period. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Matador Resources Price Performance

Shares of NYSE:MTDR opened at $44.32 on Friday. The stock has a market capitalization of $5.51 billion, a P/E ratio of 7.08 and a beta of 1.11. The business has a 50-day moving average of $41.85 and a two-hundred day moving average of $46.12. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $64.04. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.69.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, October 21st. The energy company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.14. Matador Resources had a return on equity of 14.80% and a net margin of 20.46%.The business had revenue of $939.02 million for the quarter, compared to the consensus estimate of $893.22 million. During the same period last year, the business earned $1.89 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts predict that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 10th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.50 annualized dividend and a dividend yield of 3.4%. This is an increase from Matador Resources’s previous quarterly dividend of $0.31. Matador Resources’s payout ratio is currently 23.96%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of Matador Resources from $71.00 to $61.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. KeyCorp reduced their price objective on Matador Resources from $61.00 to $52.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Raymond James Financial restated an “outperform” rating and issued a $55.00 target price (down previously from $63.00) on shares of Matador Resources in a research note on Monday, October 20th. Royal Bank Of Canada raised their price target on Matador Resources from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Finally, Citigroup began coverage on Matador Resources in a research note on Monday, December 8th. They issued a “buy” rating and a $53.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Matador Resources has an average rating of “Moderate Buy” and an average target price of $63.33.

Insiders Place Their Bets

In other news, CEO Joseph Wm Foran bought 9,500 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were purchased at an average price of $39.78 per share, for a total transaction of $377,910.00. Following the acquisition, the chief executive officer directly owned 17,525 shares of the company’s stock, valued at $697,144.50. The trade was a 118.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Shelley F. Appel purchased 1,784 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were purchased at an average price of $39.85 per share, with a total value of $71,092.40. Following the completion of the acquisition, the director directly owned 1,784 shares of the company’s stock, valued at approximately $71,092.40. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 37,346 shares of company stock worth $1,463,396 in the last ninety days. 5.80% 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.