Bryce Point Capital LLC Buys Shares of 19,625 Matador Resources (NYSE:MTDR)

Bryce Point Capital LLC purchased a new stake in Matador Resources (NYSE:MTDR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,625 shares of the energy company’s stock, valued at approximately $1,104,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Matador Resources by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company’s stock valued at $706,375,000 after buying an additional 187,633 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Matador Resources by 25.9% in the fourth quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company’s stock valued at $151,824,000 after acquiring an additional 555,245 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Matador Resources by 1.9% during the third quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock valued at $99,297,000 after acquiring an additional 36,921 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Matador Resources by 18.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,669,957 shares of the energy company’s stock worth $93,952,000 after purchasing an additional 258,958 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Matador Resources by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,491,570 shares of the energy company’s stock valued at $83,916,000 after purchasing an additional 56,644 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MTDR. Wells Fargo & Company cut their price objective on shares of Matador Resources from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, March 25th. Royal Bank of Canada reissued an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research note on Wednesday, January 15th. Stephens raised their price objective on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Mizuho dropped their target price on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Finally, Wolfe Research upgraded Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target for the company in a report on Friday, January 3rd. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $73.79.

Insider Buying and Selling at Matador Resources

In related news, EVP Glenn W. Stetson bought 1,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were acquired at an average price of $53.06 per share, for a total transaction of $53,060.00. Following the purchase, the executive vice president now owns 91,680 shares in the company, valued at $4,864,540.80. This trade represents a 1.10 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Van H. Singleton II bought 2,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was purchased at an average price of $53.21 per share, with a total value of $106,420.00. Following the transaction, the insider now owns 289,135 shares in the company, valued at approximately $15,384,873.35. This represents a 0.70 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 21,350 shares of company stock valued at $1,100,769 in the last ninety days. Insiders own 6.10% of the company’s stock.

Matador Resources Stock Up 2.2 %

Shares of Matador Resources stock opened at $52.25 on Thursday. Matador Resources has a twelve month low of $43.89 and a twelve month high of $71.08. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 7.32 and a beta of 3.17. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average price of $53.57 and a 200 day moving average price of $54.92.

Matador Resources (NYSE:MTDR) last posted its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The company had revenue of $970.37 million during the quarter, compared to analyst estimates of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. Equities research analysts forecast that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.3125 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a yield of 2.39%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s payout ratio is currently 17.51%.

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.