Hsbc Holdings PLC Grows Stock Position in Matador Resources (NYSE:MTDR)

Hsbc Holdings PLC lifted its stake in Matador Resources (NYSE:MTDR) by 686.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,978 shares of the energy company’s stock after buying an additional 64,568 shares during the period. Hsbc Holdings PLC owned approximately 0.06% of Matador Resources worth $4,432,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MTDR. PNC Financial Services Group Inc. grew its stake in shares of Matador Resources by 2.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,797 shares of the energy company’s stock worth $614,000 after purchasing an additional 294 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Matador Resources by 16.8% in the fourth quarter. Corient Private Wealth LLC now owns 18,166 shares of the energy company’s stock worth $1,033,000 after purchasing an additional 2,616 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Matador Resources in the fourth quarter worth about $1,495,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Matador Resources by 4.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 27,554 shares of the energy company’s stock worth $1,567,000 after purchasing an additional 1,096 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its stake in shares of Matador Resources by 6.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 34,500 shares of the energy company’s stock worth $1,919,000 after purchasing an additional 2,128 shares during the last quarter. 91.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

MTDR has been the topic of several research reports. Benchmark reaffirmed a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a research report on Wednesday, July 24th. TD Cowen lifted their price objective on Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Matador Resources in a research report on Friday, September 20th. Capital One Financial raised Matador Resources from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $80.00 to $84.00 in a research report on Thursday, July 25th. Finally, Stephens cut their price objective on Matador Resources from $83.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Matador Resources presently has an average rating of “Moderate Buy” and an average price target of $77.17.

Matador Resources Price Performance

MTDR stock opened at $51.94 on Wednesday. The firm has a 50 day moving average price of $55.90 and a 200-day moving average price of $60.55. Matador Resources has a 52-week low of $48.22 and a 52-week high of $71.08. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 7.12 and a beta of 3.27. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.82 and a current ratio of 0.86.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, July 23rd. The energy company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.29. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The company had revenue of $847.14 million during the quarter, compared to analyst estimates of $822.55 million. During the same period in the previous year, the business earned $1.42 EPS. The firm’s revenue for the quarter was up 32.8% on a year-over-year basis. Equities research analysts forecast that Matador Resources will post 7.83 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were issued a $0.20 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a yield of 1.54%. Matador Resources’s payout ratio is currently 10.96%.

Insider Buying and Selling

In other news, CAO Robert T. Macalik acquired 500 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of $54.50 per share, for a total transaction of $27,250.00. Following the acquisition, the chief accounting officer now directly owns 29,300 shares in the company, valued at $1,596,850. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Bryan A. Erman purchased 1,000 shares of the stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $50.35 per share, with a total value of $50,350.00. Following the acquisition, the executive vice president now directly owns 2,750 shares of the company’s stock, valued at $138,462.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Robert T. Macalik purchased 500 shares of the stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $54.50 per share, for a total transaction of $27,250.00. Following the completion of the acquisition, the chief accounting officer now directly owns 29,300 shares in the company, valued at $1,596,850. The disclosure for this purchase can be found here. Insiders bought a total of 12,300 shares of company stock worth $634,615 in the last three months. Insiders own 6.10% of the company’s stock.

Matador Resources Company 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.