Matador Resources Company $MTDR Stock Holdings Lifted by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC raised its stake in Matador Resources Company (NYSE:MTDR) by 712.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,970 shares of the energy company’s stock after buying an additional 9,620 shares during the period. Trifecta Capital Advisors LLC’s holdings in Matador Resources were worth $566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Matador Resources in the second quarter worth about $573,936,000. Bank of New York Mellon Corp acquired a new stake in Matador Resources in the 2nd quarter valued at about $56,161,000. Bank of America Corp DE acquired a new stake in Matador Resources in the 2nd quarter valued at about $42,184,000. Value Holdings Management CO. LLC purchased a new position in shares of Matador Resources in the 2nd quarter valued at about $41,532,000. Finally, First Trust Advisors LP boosted its stake in shares of Matador Resources by 103.3% in the 1st quarter. First Trust Advisors LP now owns 1,595,415 shares of the energy company’s stock valued at $100,798,000 after buying an additional 810,808 shares during the period. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $57.77 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 0.67. Matador Resources Company has a 12 month low of $37.14 and a 12 month high of $66.84. The business has a fifty day simple moving average of $56.22 and a 200-day simple moving average of $55.15. The stock has a market cap of $7.15 billion, a PE ratio of 9.91 and a beta of 0.98.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.53. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company earned $1.53 EPS. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. On average, sell-side analysts anticipate that Matador Resources Company will post 7.62 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Christopher Calvert bought 2,500 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was purchased at an average price of $56.64 per share, with a total value of $141,600.00. Following the completion of the transaction, the chief financial officer directly owned 44,000 shares of the company’s stock, valued at $2,492,160. This trade represents a 6.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP William Elsener bought 850 shares of the business’s stock in a transaction on Monday, August 10th. The shares were purchased at an average cost of $50.94 per share, with a total value of $43,299.00. Following the transaction, the executive vice president owned 114,879 shares in the company, valued at approximately $5,851,936.26. The trade was a 0.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 23,144 shares of company stock valued at $1,211,793 over the last quarter. Insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MTDR. Stephens boosted their price objective on Matador Resources from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Truist Financial raised their target price on shares of Matador Resources from $59.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 14th. Stifel Nicolaus began coverage on Matador Resources in a report on Thursday, September 10th. They issued a “buy” rating and a $66.00 target price on the stock. KeyCorp raised their price target on Matador Resources from $68.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, September 15th. Finally, Citigroup decreased their price target on Matador Resources from $68.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.20.

About Matador Resources

Matador Resources Company (NYSE: MTDR) is an independent energy company engaged in the exploration, development, production and acquisition of oil, natural gas and natural gas liquids. The company focuses primarily on unconventional, or shale, resource plays and operates across both upstream exploration and production and related midstream activities.

Matador’s principal exploration and production operations are located in the Delaware Basin in southeastern New Mexico and West Texas. Its midstream operations, conducted primarily through San Mateo Midstream, provide natural gas gathering and processing, crude oil and produced-water gathering, and water sourcing and disposal services that support the company’s operations and other producers in the region.

Founded in 2003 and headquartered in Dallas, Texas, Matador has historically expanded through development and acquisitions in U.S.