Proficio Capital Partners LLC Buys Shares of 90,389 Matador Resources (NYSE:MTDR)

Proficio Capital Partners LLC purchased a new position in shares of Matador Resources (NYSE:MTDR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 90,389 shares of the energy company’s stock, valued at approximately $5,085,000. Proficio Capital Partners LLC owned approximately 0.07% of Matador Resources at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MTDR. MassMutual Private Wealth & Trust FSB boosted its position in Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after purchasing an additional 207 shares in the last quarter. ClearAlpha Technologies LP raised its stake in shares of Matador Resources by 4.3% during the 3rd quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company’s stock worth $259,000 after buying an additional 218 shares during the last quarter. Denver PWM LLC boosted its position in shares of Matador Resources by 67.2% in the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock worth $37,000 after buying an additional 303 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in Matador Resources by 6.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 5,081 shares of the energy company’s stock valued at $252,000 after acquiring an additional 310 shares during the last quarter. Finally, Lindenwold Advisors INC increased its holdings in Matador Resources by 5.1% during the 3rd quarter. Lindenwold Advisors INC now owns 6,650 shares of the energy company’s stock valued at $329,000 after acquiring an additional 321 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Mizuho lowered their price target on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a report on Wednesday, January 15th. Wells Fargo & Company boosted their price target on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Truist Financial increased their price objective on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, TD Cowen lifted their price objective on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.14.

Matador Resources Price Performance

Matador Resources stock opened at $47.70 on Tuesday. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The firm has a 50 day moving average price of $58.01 and a 200 day moving average price of $55.71. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 6.68 and a beta of 3.22.

Matador Resources (NYSE:MTDR) last announced 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). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The company had revenue of $970.37 million for the quarter, compared to analysts’ expectations of $967.10 million. Sell-side analysts predict that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a yield of 2.62%. Matador Resources’s dividend payout ratio is currently 17.51%.

Insider Transactions at Matador Resources

In other Matador Resources news, insider Van H. Singleton II bought 2,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were acquired at an average price of $53.21 per share, with a total value of $106,420.00. Following the purchase, the insider now owns 289,135 shares in the company, valued at approximately $15,384,873.35. The trade was a 0.70 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul W. Harvey purchased 600 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of $55.20 per share, with a total value of $33,120.00. Following the completion of the transaction, the director now owns 27,917 shares in the company, valued at $1,541,018.40. This trade represents a 2.20 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 17,330 shares of company stock worth $936,166 in the last three months. 6.10% of the stock is currently owned by company 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.