Matador Resources Company $MTDR Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Matador Resources Company (NYSE:MTDR) by 342.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,310 shares of the energy company’s stock after buying an additional 77,619 shares during the period. SG Americas Securities LLC owned about 0.08% of Matador Resources worth $4,257,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Kestra Investment Management LLC boosted its position in shares of Matador Resources by 225.2% during the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after acquiring an additional 358 shares in the last quarter. Rothschild Investment LLC raised its position in shares of Matador Resources by 5,927.3% during the 3rd quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after acquiring an additional 652 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Matador Resources during the third quarter worth approximately $35,000. Geneos Wealth Management Inc. boosted its holdings in Matador Resources by 361.3% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after purchasing an additional 690 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in Matador Resources in the third quarter valued at approximately $49,000. 91.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MTDR. Wells Fargo & Company raised their price objective on shares of Matador Resources from $47.00 to $54.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Morgan Stanley lowered their target price on shares of Matador Resources from $56.00 to $52.00 and set an “equal weight” rating for the company in a report on Friday, January 23rd. KeyCorp reaffirmed an “overweight” rating on shares of Matador Resources in a research report on Friday, December 19th. Mizuho lifted their price target on shares of Matador Resources from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Finally, Truist Financial started coverage on shares of Matador Resources in a research report on Tuesday, March 24th. They issued a “hold” rating and a $60.00 price target for the company. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Matador Resources currently has a consensus rating of “Moderate Buy” and an average target price of $61.36.

Matador Resources Price Performance

MTDR stock opened at $60.70 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $7.54 billion, a P/E ratio of 9.95 and a beta of 0.91. The business has a 50 day simple moving average of $52.27 and a 200-day simple moving average of $46.04. Matador Resources Company has a twelve month low of $35.19 and a twelve month high of $66.84.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, February 24th. The energy company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.16. The business had revenue of $847.99 million for the quarter, compared to analysts’ expectations of $811.13 million. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%. The company’s quarterly revenue was down 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.83 EPS. As a group, equities analysts anticipate that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Friday, February 27th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, February 27th. Matador Resources’s dividend payout ratio is presently 24.59%.

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.