Lindenwold Advisors INC Has $329,000 Stock Holdings in Matador Resources (NYSE:MTDR)

Lindenwold Advisors INC increased its position in Matador Resources (NYSE:MTDR) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,650 shares of the energy company’s stock after purchasing an additional 321 shares during the quarter. Lindenwold Advisors INC’s holdings in Matador Resources were worth $329,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTDR. Covestor Ltd grew its position in shares of Matador Resources by 121.4% during the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock worth $28,000 after buying an additional 227 shares during the period. Denver PWM LLC acquired a new stake in Matador Resources during the 2nd quarter worth $27,000. Advisors Asset Management Inc. raised its position in shares of Matador Resources by 191.8% during the 1st quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock valued at $47,000 after acquiring an additional 466 shares during the last quarter. Quarry LP lifted its stake in shares of Matador Resources by 47.5% in the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after purchasing an additional 251 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Matador Resources by 28.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,403 shares of the energy company’s stock worth $69,000 after purchasing an additional 313 shares during the last quarter. 91.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MTDR shares. Stephens increased their target price on Matador Resources from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Truist Financial cut their price target on shares of Matador Resources from $86.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Capital One Financial upgraded shares of Matador Resources from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $80.00 to $84.00 in a report on Thursday, July 25th. KeyCorp cut their target price on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and an average target price of $74.92.

Insider Activity

In other Matador Resources news, CEO Joseph Wm Foran purchased 2,500 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $51.47 per share, for a total transaction of $128,675.00. Following the purchase, the chief executive officer now owns 37,751 shares of the company’s stock, valued at approximately $1,943,043.97. This represents a 7.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Robert T. Macalik acquired 500 shares of Matador Resources stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $50.25 per share, with a total value of $25,125.00. Following the completion of the purchase, the chief accounting officer now owns 29,800 shares in the company, valued at approximately $1,497,450. The trade was a 1.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 11,105 shares of company stock worth $562,306 over the last ninety days. Insiders own 6.10% of the company’s stock.

Matador Resources Price Performance

MTDR stock opened at $58.84 on Tuesday. The stock has a 50-day moving average price of $52.68 and a two-hundred day moving average price of $56.88. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The stock has a market cap of $7.34 billion, a PE ratio of 7.79 and a beta of 3.26. 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 (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The company had revenue of $770.20 million during the quarter, compared to analysts’ expectations of $836.69 million. During the same period in the prior year, the firm earned $1.86 earnings per share. Matador Resources’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts forecast that Matador Resources will post 7.5 EPS for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.25 per share. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources’s dividend payout ratio (DPR) is currently 13.25%.

About Matador Resources

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.