Lindenwold Advisors INC Has $329,000 Holdings in Matador Resources (NYSE:MTDR)

Lindenwold Advisors INC increased its position in Matador Resources (NYSE:MTDR) by 5.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,650 shares of the energy company’s stock after acquiring an additional 321 shares during the quarter. Lindenwold Advisors INC’s holdings in Matador Resources were worth $329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Quest Partners LLC acquired a new stake in shares of Matador Resources in the third quarter valued at about $1,286,000. Thrivent Financial for Lutherans boosted its stake in Matador Resources by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 984,223 shares of the energy company’s stock valued at $48,641,000 after purchasing an additional 4,572 shares during the period. Royce & Associates LP grew its holdings in Matador Resources by 21.3% in the 3rd quarter. Royce & Associates LP now owns 357,563 shares of the energy company’s stock valued at $17,671,000 after buying an additional 62,784 shares during the last quarter. Lummis Asset Management LP increased its position in Matador Resources by 24.7% in the 3rd quarter. Lummis Asset Management LP now owns 191,102 shares of the energy company’s stock worth $9,444,000 after buying an additional 37,893 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Matador Resources by 14.5% during the third quarter. KBC Group NV now owns 3,453 shares of the energy company’s stock worth $171,000 after buying an additional 436 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Price Performance

Shares of MTDR stock opened at $58.84 on Tuesday. The stock’s fifty day simple moving average is $52.68 and its 200 day simple moving average is $56.88. Matador Resources has a one year low of $47.15 and a one year high of $71.08. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 7.79 and a beta of 3.26. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.78 by $0.11. The company had revenue of $770.20 million for the quarter, compared to the consensus estimate of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.86 EPS. On average, analysts expect that Matador Resources will post 7.5 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.70%. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, November 15th. Matador Resources’s dividend payout ratio is currently 13.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MTDR shares. Mizuho lowered their price objective on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. JPMorgan Chase & Co. dropped their price objective on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. TD Cowen increased their target price on shares of Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Wells Fargo & Company lowered their price target on Matador Resources from $89.00 to $87.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 1st. Finally, BMO Capital Markets raised their price objective on Matador Resources from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $74.92.

Insider Transactions at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran bought 2,500 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $51.47 per share, for a total transaction of $128,675.00. Following the completion of the acquisition, the chief executive officer now owns 37,751 shares of the company’s stock, valued at approximately $1,943,043.97. This trade represents a 7.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Robert T. Macalik purchased 500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $50.25 per share, with a total value of $25,125.00. Following the completion of the acquisition, the chief accounting officer now directly owns 29,800 shares of the company’s stock, valued at $1,497,450. The trade was a 1.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 11,105 shares of company stock valued at $562,306. Corporate insiders own 6.10% of the company’s stock.

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.