Matador Resources (NYSE:MTDR) Stock Position Increased by Commerce Bank

Commerce Bank raised its position in shares of Matador Resources (NYSE:MTDR) by 9.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,360 shares of the energy company’s stock after purchasing an additional 1,098 shares during the period. Commerce Bank’s holdings in Matador Resources were worth $611,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Denver PWM LLC acquired a new position in shares of Matador Resources during the second quarter worth approximately $27,000. Avior Wealth Management LLC raised its stake in Matador Resources by 329.0% during the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after acquiring an additional 635 shares in the last quarter. Quarry LP boosted its position in Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after acquiring an additional 251 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Matador Resources by 191.8% in the first quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock worth $47,000 after purchasing an additional 466 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Matador Resources by 154.8% during the third quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock valued at $52,000 after purchasing an additional 644 shares during the period. Institutional investors own 91.98% of the company’s stock.

Insider Activity at Matador Resources

In other Matador Resources news, EVP Glenn W. Stetson bought 1,000 shares of the stock in a transaction on Wednesday, October 30th. The shares were bought at an average price of $51.33 per share, with a total value of $51,330.00. Following the purchase, the executive vice president now directly owns 85,935 shares in the company, valued at $4,411,043.55. The trade was a 1.18 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Robert T. Macalik purchased 500 shares of Matador Resources stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $50.25 per share, with a total value of $25,125.00. Following the completion of the transaction, the chief accounting officer now directly owns 29,800 shares of the company’s stock, valued at $1,497,450. This represents a 1.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 11,105 shares of company stock valued at $562,306. Company insiders own 6.10% of the company’s stock.

Matador Resources Price Performance

NYSE MTDR opened at $59.19 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The company has a market cap of $7.39 billion, a PE ratio of 7.84 and a beta of 3.26. The stock’s 50-day moving average price is $53.66 and its two-hundred day moving average price is $56.71.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The business had revenue of $770.20 million for the quarter, compared to analyst estimates of $836.69 million. During the same quarter in the previous year, the business earned $1.86 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. On average, analysts predict that Matador Resources will post 7.5 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s dividend payout ratio (DPR) is 13.25%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a research report on Wednesday, October 23rd. Truist Financial reduced their price target on shares of Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, September 30th. KeyCorp lowered their price objective on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Wells Fargo & Company cut their target price on Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, October 1st. Finally, Stephens lifted their price target on Matador Resources from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $74.92.

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.