Winmill & CO. Inc. Cuts Stock Holdings in Matador Resources Company $MTDR

Winmill & CO. Inc. lessened its stake in Matador Resources Company (NYSE:MTDR) by 13.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,000 shares of the energy company’s stock after selling 16,500 shares during the quarter. Matador Resources comprises approximately 1.2% of Winmill & CO. Inc.’s holdings, making the stock its 23rd biggest holding. Winmill & CO. Inc. owned approximately 0.09% of Matador Resources worth $4,668,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Bancorp USA Inc. acquired a new stake in Matador Resources during the third quarter worth about $61,615,000. Balyasny Asset Management L.P. raised its holdings in Matador Resources by 488.5% in the second quarter. Balyasny Asset Management L.P. now owns 477,218 shares of the energy company’s stock valued at $22,773,000 after buying an additional 396,129 shares during the period. UBS Group AG lifted its position in Matador Resources by 94.6% during the third quarter. UBS Group AG now owns 746,767 shares of the energy company’s stock valued at $33,552,000 after buying an additional 362,970 shares in the last quarter. LSV Asset Management grew its stake in Matador Resources by 8.8% during the fourth quarter. LSV Asset Management now owns 3,842,011 shares of the energy company’s stock worth $163,055,000 after buying an additional 309,708 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Matador Resources by 30.6% in the second quarter. AQR Capital Management LLC now owns 1,302,587 shares of the energy company’s stock worth $62,159,000 after acquiring an additional 305,352 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Price Performance

Shares of MTDR stock opened at $53.98 on Monday. The firm has a fifty day simple moving average of $58.08 and a 200-day simple moving average of $51.48. The company has a market capitalization of $6.70 billion, a PE ratio of 13.88 and a beta of 0.75. Matador Resources Company has a twelve month low of $37.14 and a twelve month high of $66.84. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.29. The firm had revenue of $941.60 million for the quarter, compared to the consensus estimate of $871.57 million. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The firm’s quarterly revenue was down 33.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.99 EPS. Equities research analysts anticipate that Matador Resources Company will post 7.5 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, May 8th. Matador Resources’s dividend payout ratio (DPR) is 38.56%.

Insiders Place Their Bets

In related news, CEO Joseph Wm Foran purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was acquired at an average price of $53.07 per share, for a total transaction of $106,140.00. Following the completion of the purchase, the chief executive officer owned 11,479 shares in the company, valued at approximately $609,190.53. This represents a 21.10% 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 the SEC website. Also, COO Glenn W. Stetson purchased 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was bought at an average cost of $53.41 per share, for a total transaction of $26,705.00. Following the completion of the acquisition, the chief operating officer directly owned 95,470 shares of the company’s stock, valued at $5,099,052.70. This represents a 0.53% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 11,907 shares of company stock worth $635,712 in the last three months. 5.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MTDR shares. BMO Capital Markets raised their target price on shares of Matador Resources from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. KeyCorp increased their price target on Matador Resources from $61.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Zacks Research lowered Matador Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Mizuho boosted their price objective on Matador Resources from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $65.00 target price (up from $52.00) on shares of Matador Resources in a research report on Wednesday, April 8th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.08.

About Matador Resources

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.