Oxbow Advisors LLC Has $6.48 Million Holdings in Matador Resources Company $MTDR

Oxbow Advisors LLC raised its holdings in shares of Matador Resources Company (NYSE:MTDR) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,590 shares of the energy company’s stock after acquiring an additional 9,391 shares during the quarter. Oxbow Advisors LLC’s holdings in Matador Resources were worth $6,476,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in MTDR. Jones Financial Companies Lllp increased its stake in Matador Resources by 1,104.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock valued at $103,000 after buying an additional 1,845 shares during the period. Geneos Wealth Management Inc. lifted its position in Matador Resources by 361.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after buying an additional 690 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Matador Resources during the 2nd quarter valued at $255,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Matador Resources during the 2nd quarter valued at $5,126,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Matador Resources by 767.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the energy company’s stock valued at $156,000 after acquiring an additional 2,885 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Matador Resources Trading Down 0.6%

NYSE:MTDR opened at $55.22 on Friday. The company’s 50 day moving average is $58.70 and its 200-day moving average is $48.56. The company has a quick ratio of 0.75, a current ratio of 0.73 and a debt-to-equity ratio of 0.59. Matador Resources Company has a 12 month low of $37.14 and a 12 month high of $66.84. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 14.20, a P/E/G ratio of 1.73 and a beta of 0.81.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.29. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The business had revenue of $941.60 million during the quarter, compared to the consensus estimate of $871.57 million. During the same period in the prior year, the firm earned $1.99 EPS. Matador Resources’s quarterly revenue was down 33.8% compared to the same quarter last year. Equities analysts anticipate that Matador Resources Company will post 7.25 EPS for the current year.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, May 8th. Matador Resources’s dividend payout ratio is 24.59%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MTDR. Truist Financial started coverage on shares of Matador Resources in a research note on Tuesday, March 24th. They issued a “hold” rating and a $60.00 price target on the stock. Roth Mkm restated a “neutral” rating and issued a $65.00 target price (up from $52.00) on shares of Matador Resources in a research note on Wednesday, April 8th. Citigroup upped their target price on Matador Resources from $62.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. KeyCorp lifted their price target on Matador Resources from $61.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Finally, Wells Fargo & Company boosted their price target on Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.92.

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.