Bayforest Capital Ltd Has $95,000 Stock Holdings in Matador Resources Company $MTDR

by · The Markets Daily

Bayforest Capital Ltd boosted its stake in shares of Matador Resources Company (NYSE:MTDR – Free Report) by 35.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,858 shares of the energy company’s stock after purchasing an additional 488 shares during the period. Bayforest Capital Ltd’s holdings in Matador Resources were worth $95,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MTDR. Cetera Investment Advisers boosted its position in Matador Resources by 24.0% during the fourth quarter. Cetera Investment Advisers now owns 8,070 shares of the energy company’s stock valued at $454,000 after purchasing an additional 1,562 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Matador Resources by 114.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 24,412 shares of the energy company’s stock valued at $1,373,000 after purchasing an additional 13,040 shares during the last quarter. Nomura Holdings Inc. acquired a new position in Matador Resources during the fourth quarter valued at approximately $866,000. Quantinno Capital Management LP boosted its position in Matador Resources by 71.3% during the fourth quarter. Quantinno Capital Management LP now owns 13,141 shares of the energy company’s stock valued at $739,000 after purchasing an additional 5,471 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in Matador Resources by 7.3% during the fourth quarter. ProShare Advisors LLC now owns 5,430 shares of the energy company’s stock valued at $305,000 after purchasing an additional 369 shares during the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTDR has been the subject of several recent research reports. TD Cowen raised Matador Resources to a “strong-buy” rating in a research report on Monday, July 7th. Raymond James Financial upped their price objective on Matador Resources from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Wells Fargo & Company dropped their price objective on Matador Resources from $80.00 to $74.00 and set an “overweight” rating on the stock in a research note on Monday, June 16th. Bank of America started coverage on Matador Resources in a research note on Monday, May 19th. They issued a “buy” rating and a $56.00 price objective on the stock. Finally, KeyCorp dropped their price objective on Matador Resources from $62.00 to $61.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.53.

Check Out Our Latest Analysis on MTDR

Matador Resources Price Performance

Shares of NYSE MTDR opened at $47.72 on Friday. The firm has a market cap of $5.94 billion, a P/E ratio of 6.99 and a beta of 1.49. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.57. Matador Resources Company has a 1-year low of $35.19 and a 1-year high of $64.04. The business’s 50 day moving average is $49.23 and its 200-day moving average is $46.94.

Matador Resources (NYSE:MTDR – Get Free Report) last announced its earnings results on Tuesday, July 22nd. The energy company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.24. The company had revenue of $895.31 million for the quarter, compared to analyst estimates of $892.86 million. Matador Resources had a return on equity of 16.53% and a net margin of 22.57%.The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 earnings per share. Equities research analysts predict that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a dividend of $0.3125 per share. The ex-dividend date was Friday, August 15th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.6%. Matador Resources’s dividend payout ratio (DPR) is 18.30%.

Insider Buying and Selling at Matador Resources

In other news, CEO Joseph Wm Foran bought 5,000 shares of the stock in a transaction dated Friday, August 1st. The shares were bought at an average price of $49.17 per share, for a total transaction of $245,850.00. Following the completion of the purchase, the chief executive officer owned 6,606 shares in the company, valued at approximately $324,817.02. This trade represents a 311.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.80% of the company’s stock.

About Matador Resources

(Free Report)

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.

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