Webs Creek Capital Management LP Purchases New Shares in Matador Resources (NYSE:MTDR)

Webs Creek Capital Management LP acquired a new position in shares of Matador Resources (NYSE:MTDR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 673,546 shares of the energy company's stock, valued at approximately $37,894,000. Matador Resources comprises about 9.1% of Webs Creek Capital Management LP's investment portfolio, making the stock its 6th largest position. Webs Creek Capital Management LP owned approximately 0.54% of Matador Resources as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MTDR. Altshuler Shaham Ltd purchased a new position in shares of Matador Resources during the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its position in Matador Resources by 108.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock worth $28,000 after acquiring an additional 256 shares during the period. TCTC Holdings LLC lifted its position 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. MassMutual Private Wealth & Trust FSB grew its stake 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 last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Matador Resources by 359.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock valued at $33,000 after purchasing an additional 453 shares during the period. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MTDR. UBS Group assumed coverage on shares of Matador Resources in a research report on Tuesday. They issued a "neutral" rating and a $47.00 price objective on the stock. Benchmark reiterated a "buy" rating and set a $62.00 price target on shares of Matador Resources in a research note on Friday, January 17th. JPMorgan Chase & Co. cut their price target on shares of Matador Resources from $65.00 to $61.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Royal Bank of Canada lowered their price objective on Matador Resources from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, Raymond James cut their target price on Matador Resources from $77.00 to $67.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $70.73.

Matador Resources Trading Down 0.5 %

Shares of MTDR stock opened at $40.82 on Thursday. The stock has a market cap of $5.11 billion, a P/E ratio of 5.72 and a beta of 2.74. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. Matador Resources has a fifty-two week low of $35.19 and a fifty-two week high of $67.51. The business has a fifty day simple moving average of $47.23 and a 200-day simple moving average of $53.55.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The business had revenue of $970.37 million for the quarter, compared to analysts' expectations of $967.10 million. On average, analysts forecast that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 9th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.25 annualized dividend and a dividend yield of 3.06%. Matador Resources's dividend payout ratio is currently 17.51%.

Matador Resources announced that its board has initiated a stock repurchase program on Wednesday, April 23rd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the energy company to buy up to 7.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Insider Activity at Matador Resources

In other news, Director Timothy E. Parker acquired 2,000 shares of Matador Resources stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $44.67 per share, with a total value of $89,340.00. Following the completion of the purchase, the director now owns 83,790 shares of the company's stock, valued at approximately $3,742,899.30. This represents a 2.45 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robert T. Macalik bought 1,200 shares of the stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $47.98 per share, with a total value of $57,576.00. Following the completion of the purchase, the chief accounting officer now directly owns 31,000 shares in the company, valued at $1,487,380. This trade represents a 4.03 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 21,350 shares of company stock valued at $1,100,769. 6.10% of the stock is owned by corporate insiders.

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.

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