Matador Resources (NYSE:MTDR) Stock Holdings Lowered by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC reduced its holdings in Matador Resources (NYSE:MTDR) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,238 shares of the energy company’s stock after selling 236 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Matador Resources were worth $3,108,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTDR. Ieq Capital LLC raised its holdings in shares of Matador Resources by 919.9% during the fourth quarter. Ieq Capital LLC now owns 52,649 shares of the energy company’s stock valued at $2,962,000 after acquiring an additional 47,487 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Matador Resources by 134.4% during the fourth quarter. Venturi Wealth Management LLC now owns 3,750 shares of the energy company’s stock valued at $211,000 after acquiring an additional 2,150 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of Matador Resources during the fourth quarter valued at approximately $209,000. Sanctuary Advisors LLC increased its stake in Matador Resources by 20.4% in the 4th quarter. Sanctuary Advisors LLC now owns 7,316 shares of the energy company’s stock valued at $436,000 after buying an additional 1,238 shares during the period. Finally, James Investment Research Inc. increased its stake in Matador Resources by 5.6% in the 4th quarter. James Investment Research Inc. now owns 60,985 shares of the energy company’s stock valued at $3,431,000 after buying an additional 3,226 shares during the period. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Stock Performance

Shares of MTDR opened at $56.60 on Friday. The company’s fifty day moving average is $58.25 and its 200-day moving average is $55.79. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 7.93 and a beta of 3.22. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). The firm had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a return on equity of 19.08% and a net margin of 25.26%. Equities analysts expect that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.3125 per share. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, February 28th. Matador Resources’s dividend payout ratio is currently 14.01%.

Insider Buying and Selling

In related news, EVP William Thomas Elsener purchased 800 shares of Matador Resources stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $56.60 per share, with a total value of $45,280.00. Following the acquisition, the executive vice president now directly owns 102,964 shares in the company, valued at approximately $5,827,762.40. This trade represents a 0.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joseph Wm Foran purchased 2,000 shares of Matador Resources stock in a transaction on Friday, December 6th. The stock was bought at an average cost of $55.18 per share, with a total value of $110,360.00. Following the completion of the acquisition, the chief executive officer now owns 42,251 shares in the company, valued at approximately $2,331,410.18. This trade represents a 4.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 2,980 shares of company stock valued at $165,988. Company insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley assumed coverage on shares of Matador Resources in a research note on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price objective on the stock. Wolfe Research upgraded shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective on the stock in a research note on Friday, January 3rd. TD Cowen upped their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Benchmark reiterated a “buy” rating and issued a $62.00 price objective on shares of Matador Resources in a research note on Friday, January 17th. Finally, Mizuho dropped their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Matador Resources presently has a consensus rating of “Moderate Buy” and an average price target of $75.14.

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.