Swiss National Bank Buys 5,100 Shares of Matador Resources (NYSE:MTDR)

Posted by Defense World Staff on May 13th, 2023

Swiss National Bank raised its stake in Matador Resources (NYSE:MTDR – Get Rating) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 285,202 shares of the energy company’s stock after buying an additional 5,100 shares during the period. Swiss National Bank owned about 0.24% of Matador Resources worth $16,325,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MTDR. Greenleaf Trust boosted its holdings in Matador Resources by 0.8% in the fourth quarter. Greenleaf Trust now owns 21,586 shares of the energy company’s stock valued at $1,236,000 after acquiring an additional 168 shares during the last quarter. SVB Wealth LLC boosted its stake in shares of Matador Resources by 1.8% in the 3rd quarter. SVB Wealth LLC now owns 10,874 shares of the energy company’s stock valued at $532,000 after purchasing an additional 194 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Matador Resources by 0.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the energy company’s stock worth $1,723,000 after buying an additional 200 shares during the period. Verdence Capital Advisors LLC increased its position in shares of Matador Resources by 2.6% during the third quarter. Verdence Capital Advisors LLC now owns 8,095 shares of the energy company’s stock worth $396,000 after buying an additional 204 shares during the period. Finally, US Bancorp DE lifted its holdings in Matador Resources by 2.1% in the first quarter. US Bancorp DE now owns 11,991 shares of the energy company’s stock valued at $635,000 after buying an additional 246 shares during the period. Institutional investors and hedge funds own 87.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MTDR shares. Cowen increased their price target on Matador Resources from $67.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, January 25th. Roth Capital reissued a “buy” rating on shares of Matador Resources in a research note on Friday, February 17th. Raymond James raised their price objective on shares of Matador Resources from $57.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, April 21st. KeyCorp dropped their target price on shares of Matador Resources from $73.00 to $67.00 in a research report on Monday, February 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of Matador Resources from $73.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, April 14th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Matador Resources has an average rating of “Moderate Buy” and an average target price of $70.56.

Matador Resources Stock Performance

MTDR opened at $43.64 on Friday. Matador Resources has a 1-year low of $41.17 and a 1-year high of $73.78. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 4.47 and a beta of 3.54. The company’s fifty day moving average price is $48.43 and its two-hundred day moving average price is $57.13. The company has a current ratio of 1.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.34.

Matador Resources (NYSE:MTDR – Get Rating) last posted its earnings results on Tuesday, April 25th. The energy company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.26. The company had revenue of $502.90 million for the quarter, compared to analyst estimates of $514.24 million. Matador Resources had a net margin of 38.33% and a return on equity of 37.11%. The firm’s revenue was down 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.32 EPS. On average, analysts expect that Matador Resources will post 6.91 EPS for the current fiscal year.

Matador Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, May 11th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.37%. Matador Resources’s payout ratio is 6.15%.

Insider Activity at Matador Resources

In related news, CEO Joseph Wm Foran acquired 2,000 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were acquired at an average cost of $42.40 per share, for a total transaction of $84,800.00. Following the purchase, the chief executive officer now owns 175,468 shares in the company, valued at $7,439,843.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Billy E. Goodwin acquired 1,000 shares of Matador Resources stock in a transaction on Thursday, March 16th. The stock was acquired at an average cost of $44.52 per share, with a total value of $44,520.00. Following the transaction, the insider now owns 286,624 shares of the company’s stock, valued at approximately $12,760,500.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph Wm Foran acquired 2,000 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was purchased at an average price of $42.40 per share, with a total value of $84,800.00. Following the purchase, the chief executive officer now owns 175,468 shares in the company, valued at approximately $7,439,843.20. The disclosure for this purchase can be found here. Insiders have purchased a total of 12,300 shares of company stock valued at $549,835 over the last 90 days. Insiders own 5.60% of the company’s stock.

Matador Resources Profile

(Get Rating)

Matador Resources Co is a holding company, which engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration and Production, Midstream, and Corporate. The Exploration and Production segment focuses on the exploration, development, production, and acquisition of oil and liquids-rich portion of the Wolfcamp and Bone Spring.