Segall Bryant & Hamill LLC reduced its stake in Matador Resources Company (NYSE:MTDR – Free Report) by 19.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 603,703 shares of the energy company’s stock after selling 142,969 shares during the period. Segall Bryant & Hamill LLC’s holdings in Matador Resources were worth $38,142,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Altshuler Shaham Ltd boosted its holdings in shares of Matador Resources by 36.7% during the 1st quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock worth $47,000 after buying an additional 201 shares during the period. Burford Brothers Inc. grew its stake in Matador Resources by 0.8% in the 1st quarter. Burford Brothers Inc. now owns 26,798 shares of the energy company’s stock valued at $1,693,000 after buying an additional 225 shares during the last quarter. Fiduciary Trust Co raised its holdings in Matador Resources by 2.2% in the 3rd quarter. Fiduciary Trust Co now owns 11,821 shares of the energy company’s stock valued at $531,000 after acquiring an additional 253 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Matador Resources by 2.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,138 shares of the energy company’s stock valued at $388,000 after acquiring an additional 254 shares during the period. Finally, Verdence Capital Advisors LLC lifted its position in Matador Resources by 3.5% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,233 shares of the energy company’s stock worth $349,000 after acquiring an additional 278 shares during the last quarter. 91.98% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on MTDR. Weiss Ratings cut Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. UBS Group lowered their target price on Matador Resources from $56.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Zacks Research cut Matador Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Roth Capital upgraded Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Monday, June 22nd. Finally, BMO Capital Markets upped their price objective on Matador Resources from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.00.
Insider Buying and Selling
In related news, CEO Joseph Wm Foran acquired 2,000 shares of the stock in a transaction on Tuesday, June 9th. The shares were purchased at an average price of $53.07 per share, for a total transaction of $106,140.00. Following the purchase, the chief executive officer directly owned 11,479 shares in the company, valued at approximately $609,190.53. The trade was a 21.10% 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, COO Glenn W. Stetson acquired 500 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was bought at an average cost of $53.41 per share, with a total value of $26,705.00. Following the completion of the acquisition, the chief operating officer directly owned 95,470 shares in the company, valued at approximately $5,099,052.70. This represents a 0.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 11,907 shares of company stock valued at $635,712 over the last 90 days. 5.90% of the stock is owned by corporate insiders.
Matador Resources Stock Performance
NYSE MTDR opened at $49.83 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $6.19 billion, a P/E ratio of 12.81 and a beta of 0.74. Matador Resources Company has a 12-month low of $37.14 and a 12-month high of $66.84. The firm has a 50-day moving average price of $52.00 and a two-hundred day moving average price of $53.43.
Matador Resources (NYSE:MTDR – Get Free Report) last announced its earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.29. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The firm had revenue of $941.60 million for the quarter, compared to analyst estimates of $871.57 million. During the same quarter in the prior year, the business posted $1.99 EPS. The business’s revenue was down 33.8% compared to the same quarter last year. Analysts anticipate that Matador Resources Company will post 6.81 earnings per share for the current year.
Matador Resources Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.50 dividend on an annualized basis and a yield of 3.0%. Matador Resources’s dividend payout ratio is currently 38.56%.
Matador Resources Company Profile
Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.
Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.
Featured Articles
- Five stocks we like better than Matador Resources
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Want to see what other hedge funds are holding MTDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Matador Resources Company (NYSE:MTDR – Free Report).
Receive News & Ratings for Matador Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matador Resources and related companies with MarketBeat.com's FREE daily email newsletter.
