Jefferies Financial Group Inc. Buys Shares of 79,690 Matador Resources Company $MTDR

Jefferies Financial Group Inc. bought a new stake in shares of Matador Resources Company (NYSE:MTDR) in the fourth quarter, Holdings Channel.com reports. The fund bought 79,690 shares of the energy company’s stock, valued at approximately $3,382,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MTDR. Fiduciary Trust Co raised its stake 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. Verdence Capital Advisors LLC raised its stake in Matador Resources by 3.5% in the 4th quarter. Verdence Capital Advisors LLC now owns 8,233 shares of the energy company’s stock valued at $349,000 after acquiring an additional 278 shares during the period. Legato Capital Management LLC raised its stake in Matador Resources by 3.4% in the 4th quarter. Legato Capital Management LLC now owns 9,369 shares of the energy company’s stock valued at $398,000 after acquiring an additional 305 shares during the period. Hancock Whitney Corp raised its stake in Matador Resources by 0.5% in the 3rd quarter. Hancock Whitney Corp now owns 60,150 shares of the energy company’s stock valued at $2,703,000 after acquiring an additional 315 shares during the period. Finally, Kestra Investment Management LLC raised its stake in Matador Resources by 225.2% in the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after acquiring an additional 358 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Stock Down 5.0%

Shares of NYSE MTDR opened at $53.78 on Wednesday. Matador Resources Company has a 12 month low of $37.14 and a 12 month high of $66.84. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 13.83 and a beta of 0.81. The business has a 50-day moving average of $59.61 and a 200-day moving average of $50.18.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.24 by $0.29. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The company had revenue of $941.60 million during the quarter, compared to analyst estimates of $871.57 million. During the same quarter in the previous year, the firm earned $1.99 earnings per share. Matador Resources’s revenue was down 33.8% on a year-over-year basis. Sell-side analysts expect that Matador Resources Company will post 7.36 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.50 annualized dividend and a dividend yield of 2.8%. Matador Resources’s payout ratio is presently 38.56%.

Analysts Set New Price Targets

A number of research firms have weighed in on MTDR. KeyCorp lifted their target price on Matador Resources from $61.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Morgan Stanley lifted their target price on Matador Resources from $73.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. TD Cowen lifted their target price on Matador Resources from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 17th. Truist Financial raised Matador Resources from a “hold” rating to a “buy” rating and lifted their target price for the company from $60.00 to $67.00 in a report on Tuesday, May 12th. Finally, Mizuho reduced their target price on Matador Resources from $76.00 to $74.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $64.85.

Matador Resources 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.