Oppenheimer Asset Management Inc. Has $1.25 Million Position in Matador Resources (NYSE:MTDR)

Oppenheimer Asset Management Inc. cut its position in shares of Matador Resources (NYSE:MTDR) by 12.5% during the first quarter, Holdings Channel reports. The institutional investor owned 18,682 shares of the energy company’s stock after selling 2,673 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Matador Resources were worth $1,247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. bought a new position in shares of Matador Resources in the first quarter valued at approximately $300,000. SG Americas Securities LLC raised its position in shares of Matador Resources by 1,166.1% during the 1st quarter. SG Americas Securities LLC now owns 31,172 shares of the energy company’s stock valued at $2,081,000 after acquiring an additional 28,710 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Matador Resources by 4.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 11,233 shares of the energy company’s stock valued at $750,000 after buying an additional 489 shares during the period. Duality Advisers LP acquired a new position in shares of Matador Resources in the 1st quarter valued at $267,000. Finally, Texas Permanent School Fund Corp boosted its stake in Matador Resources by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 96,967 shares of the energy company’s stock worth $6,474,000 after purchasing an additional 1,255 shares during the period. 91.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Matador Resources news, EVP Bryan A. Erman acquired 1,750 shares of Matador Resources stock in a transaction dated Friday, June 14th. The stock was purchased at an average cost of $55.90 per share, for a total transaction of $97,825.00. Following the completion of the acquisition, the executive vice president now directly owns 1,750 shares of the company’s stock, valued at $97,825. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MTDR shares. JPMorgan Chase & Co. upped their target price on shares of Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Roth Mkm reissued a “buy” rating and issued a $66.00 price target on shares of Matador Resources in a report on Monday, March 25th. Wells Fargo & Company increased their price target on shares of Matador Resources from $76.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Stephens initiated coverage on shares of Matador Resources in a report on Friday, June 21st. They issued an “overweight” rating and a $83.00 price target on the stock. Finally, Mizuho increased their price target on shares of Matador Resources from $83.00 to $85.00 and gave the company a “buy” rating in a report on Friday, June 14th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and a consensus target price of $76.09.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $61.97 on Monday. Matador Resources has a twelve month low of $51.72 and a twelve month high of $71.08. The firm has a fifty day simple moving average of $60.32 and a 200 day simple moving average of $60.94. The company has a market capitalization of $7.73 billion, a PE ratio of 8.49 and a beta of 3.29. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.43.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, April 23rd. The energy company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.32. The business had revenue of $787.70 million during the quarter, compared to the consensus estimate of $740.99 million. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. Matador Resources’s quarterly revenue was up 40.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.50 earnings per share. On average, sell-side analysts forecast that Matador Resources will post 7.86 EPS for the current year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, May 16th. Matador Resources’s payout ratio is 10.96%.

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.