Matador Resources (NYSE:MTDR) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its holdings in shares of Matador Resources (NYSE:MTDR) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,525 shares of the energy company’s stock after selling 341 shares during the quarter. Private Advisor Group LLC’s holdings in Matador Resources were worth $2,730,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MTDR. Franklin Resources Inc. raised its holdings in Matador Resources by 12.0% in the third quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company’s stock valued at $54,122,000 after acquiring an additional 107,827 shares in the last quarter. Loomis Sayles & Co. L P increased its position in shares of Matador Resources by 16.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 455,662 shares of the energy company’s stock valued at $22,519,000 after purchasing an additional 65,487 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Matador Resources by 81.2% in the 3rd quarter. Stifel Financial Corp now owns 30,304 shares of the energy company’s stock valued at $1,498,000 after purchasing an additional 13,583 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Matador Resources by 16.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company’s stock valued at $8,088,000 after buying an additional 20,172 shares during the last quarter. Finally, HITE Hedge Asset Management LLC acquired a new stake in Matador Resources in the third quarter valued at $10,526,000. 91.98% of the stock is owned by institutional investors and hedge funds.

Matador Resources Trading Up 0.5 %

Shares of Matador Resources stock opened at $53.38 on Tuesday. The company has a 50-day moving average of $58.12 and a two-hundred day moving average of $55.81. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08. 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 stock has a market cap of $6.66 billion, a PE ratio of 7.48 and a beta of 3.22.

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

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.3125 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.34%. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s dividend payout ratio (DPR) is currently 17.51%.

Analysts Set New Price Targets

A number of research analysts have recently commented on MTDR shares. Stephens increased their price objective on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, December 6th. JPMorgan Chase & Co. reduced their price objective on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Truist Financial increased their target price on shares of Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a research report on Wednesday, January 15th. Finally, Morgan Stanley initiated coverage on Matador Resources in a research report on Friday, January 10th. They set an “equal weight” rating and a $78.00 target price on the stock. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Matador Resources presently has a consensus rating of “Moderate Buy” and an average price target of $75.14.

Insider Transactions at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran bought 6,000 shares of the company’s stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of $53.94 per share, for a total transaction of $323,640.00. Following the acquisition, the chief executive officer now owns 39,379 shares of the company’s stock, valued at $2,124,103.26. The trade was a 17.98 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Christopher P. Calvert purchased 1,300 shares of Matador Resources stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of $55.17 per share, for a total transaction of $71,721.00. Following the acquisition, the chief operating officer now directly owns 34,000 shares of the company’s stock, valued at approximately $1,875,780. This represents a 3.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 11,280 shares of company stock valued at $614,409 in the last 90 days. 6.10% of the stock is currently owned by insiders.

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.