Matador Resources Company (NYSE:MTDR) Stock Position Boosted by Rakuten Securities Inc.

Rakuten Securities Inc. raised its stake in shares of Matador Resources Company (NYSE:MTDR) by 9,090.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,011 shares of the energy company’s stock after buying an additional 1,000 shares during the period. Rakuten Securities Inc.’s holdings in Matador Resources were worth $52,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Altshuler Shaham Ltd bought a new position in shares of Matador Resources in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted its position in Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after purchasing an additional 256 shares during the period. TCTC Holdings LLC boosted its stake in Matador Resources by 53.8% during the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Matador Resources during the 1st quarter valued at $28,000. Finally, SRS Capital Advisors Inc. raised its stake in shares of Matador Resources by 359.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after buying an additional 453 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Joseph Wm Foran acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The stock was acquired at an average cost of $40.86 per share, with a total value of $204,300.00. Following the acquisition, the chief executive officer now owns 50,756 shares in the company, valued at approximately $2,073,890.16. This represents a 10.93% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Christopher P. Calvert purchased 1,500 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were purchased at an average price of $41.13 per share, with a total value of $61,695.00. Following the completion of the acquisition, the chief operating officer now directly owns 36,500 shares of the company’s stock, valued at approximately $1,501,245. This trade represents a 4.29% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 14,850 shares of company stock valued at $601,103 over the last quarter. Insiders own 5.80% of the company’s stock.

Wall Street Analyst Weigh In

MTDR has been the subject of several research reports. Raymond James Financial decreased their target price on Matador Resources from $77.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, March 10th. Stephens reduced their price objective on shares of Matador Resources from $90.00 to $86.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Mizuho lowered 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 Tuesday, May 13th. KeyCorp cut their price objective on Matador Resources from $72.00 to $60.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Finally, Morgan Stanley reduced their price objective on shares of Matador Resources from $84.00 to $68.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.06.

Matador Resources Trading Up 1.3%

Shares of NYSE MTDR opened at $51.25 on Wednesday. The business has a 50 day simple moving average of $43.38 and a 200 day simple moving average of $50.61. Matador Resources Company has a 52 week low of $35.19 and a 52 week high of $66.89. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 6.88 and a beta of 1.46. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.76 and a current ratio of 0.79.

Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, April 23rd. The energy company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.74 by $0.25. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $980.87 million. Matador Resources had a net margin of 24.97% and a return on equity of 18.45%. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 earnings per share. On average, research analysts predict that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, April 23rd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the energy company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Matador Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 9th were issued a dividend of $0.3125 per share. The ex-dividend date was Friday, May 9th. This represents a $1.25 annualized dividend and a yield of 2.44%. Matador Resources’s dividend payout ratio (DPR) is currently 16.78%.

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.