Bessemer Group Inc. Has $20.47 Million Stock Holdings in Matador Resources (NYSE:MTDR)

Bessemer Group Inc. grew its position in shares of Matador Resources (NYSE:MTDR - Free Report) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 363,813 shares of the energy company's stock after acquiring an additional 17,863 shares during the quarter. Bessemer Group Inc. owned 0.29% of Matador Resources worth $20,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TCTC Holdings LLC increased its holdings in Matador Resources by 53.8% during the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock worth $28,000 after acquiring an additional 175 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Matador Resources by 108.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock valued at $28,000 after purchasing an additional 256 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock valued at $29,000 after buying an additional 207 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in Matador Resources by 359.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock worth $33,000 after acquiring an additional 453 shares during the last quarter. Finally, Denver PWM LLC grew its stake in shares of Matador Resources by 67.2% in the third quarter. Denver PWM LLC now owns 754 shares of the energy company's stock worth $37,000 after acquiring an additional 303 shares during the period. Hedge funds and other institutional investors own 91.98% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have commented on MTDR shares. Truist Financial increased their price objective on shares of Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Raymond James dropped their price objective on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Benchmark reissued a "buy" rating and set a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. Wells Fargo & Company lowered their price target on shares of Matador Resources from $90.00 to $87.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 25th. Finally, Stephens reduced their price target on shares of Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a research report on Tuesday. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $73.36.

Matador Resources Trading Up 3.8 %

Shares of NYSE MTDR traded up $1.49 during trading hours on Wednesday, hitting $40.44. The company's stock had a trading volume of 769,768 shares, compared to its average volume of 1,551,305. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. Matador Resources has a 12 month low of $35.19 and a 12 month high of $67.72. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 5.66 and a beta of 2.74. The business has a 50-day simple moving average of $49.25 and a 200-day simple moving average of $54.01.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. On average, analysts anticipate that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.3125 dividend. This is an increase from Matador Resources's previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Friday, February 28th. Matador Resources's payout ratio is currently 17.51%.

Insider Buying and Selling

In related news, CAO Robert T. Macalik acquired 1,200 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $47.98 per share, for a total transaction of $57,576.00. Following the completion of the acquisition, the chief accounting officer now directly owns 31,000 shares of the company's stock, valued at approximately $1,487,380. The trade was a 4.03 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Timothy E. Parker purchased 2,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $44.67 per share, for a total transaction of $89,340.00. Following the acquisition, the director now directly owns 83,790 shares of the company's stock, valued at $3,742,899.30. This represents a 2.45 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 21,350 shares of company stock worth $1,100,769. Corporate insiders own 6.10% of the company's stock.

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.