Swiss National Bank Has $13.12 Million Stock Holdings in Matador Resources (NYSE:MTDR)

Swiss National Bank grew its position in Matador Resources (NYSE:MTDR) by 0.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 233,202 shares of the energy company’s stock after buying an additional 1,700 shares during the period. Swiss National Bank owned approximately 0.19% of Matador Resources worth $13,120,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock valued at $28,000 after acquiring an additional 256 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after purchasing an additional 207 shares during the period. SRS Capital Advisors Inc. increased its stake in Matador Resources by 359.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after purchasing an additional 453 shares in the last quarter. True Wealth Design LLC acquired a new stake in Matador Resources during the 3rd quarter worth approximately $37,000. Finally, Denver PWM LLC lifted its stake in Matador Resources by 67.2% in the third quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock valued at $37,000 after buying an additional 303 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MTDR. Wolfe Research upgraded shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective on the stock in a report on Friday, January 3rd. Truist Financial lifted their price target on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research report on Wednesday, January 15th. Wells Fargo & Company lifted their target price on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. reduced their price target on Matador Resources from $76.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Matador Resources has an average rating of “Moderate Buy” and a consensus target price of $74.20.

Insider Transactions at Matador Resources

In other news, Director Timothy E. Parker acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $44.67 per share, with a total value of $89,340.00. Following the completion of the transaction, the director now directly owns 83,790 shares of the company’s stock, valued at $3,742,899.30. This trade represents a 2.45 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph Wm Foran bought 6,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of $53.94 per share, for a total transaction of $323,640.00. Following the completion of the acquisition, the chief executive officer now owns 39,379 shares in the company, valued at approximately $2,124,103.26. This trade represents a 17.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 21,350 shares of company stock valued at $1,100,769. 6.10% of the stock is currently owned by company insiders.

Matador Resources Stock Up 4.1 %

MTDR opened at $52.62 on Thursday. The stock’s fifty day simple moving average is $55.74 and its 200 day simple moving average is $54.88. Matador Resources has a 1-year low of $43.89 and a 1-year high of $71.08. The stock has a market cap of $6.59 billion, a PE ratio of 7.37 and a beta of 3.17. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). The company had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. As a group, research analysts expect that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.3125 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a yield of 2.38%. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s payout ratio is currently 17.51%.

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.