31,401 Matador Resources Company $MTDR Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lowered its stake in Matador Resources Company (NYSE:MTDR) by 32.1% during the third quarter, HoldingsChannel.com reports. The firm owned 66,348 shares of the energy company’s stock after selling 31,401 shares during the period. Jefferies Financial Group Inc.’s holdings in Matador Resources were worth $3,422,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MTDR. Root Financial Partners LLC acquired a new position in shares of Matador Resources in the 3rd quarter valued at $25,000. Harbor Investment Advisory LLC acquired a new position in shares of Matador Resources in the second quarter valued at approximately $44,000. Altshuler Shaham Ltd boosted its holdings in shares of Matador Resources by 36.7% in the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock valued at $47,000 after buying an additional 201 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Matador Resources during the second quarter worth $54,000. Finally, IFP Advisors Inc increased its position in shares of Matador Resources by 62.2% during the second quarter. IFP Advisors Inc now owns 1,215 shares of the energy company’s stock worth $60,000 after acquiring an additional 466 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insider Transactions at Matador Resources

In other Matador Resources news, Director Paul Harvey purchased 500 shares of the business’s stock in a transaction on Thursday, November 5th. The shares were purchased at an average cost of $52.72 per share, with a total value of $26,360.00. Following the transaction, the director directly owned 33,121 shares of the company’s stock, valued at $1,746,139.12. This represents a 1.53% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William Elsener acquired 900 shares of Matador Resources stock in a transaction dated Thursday, November 5th. The shares were acquired at an average price of $51.48 per share, with a total value of $46,332.00. Following the completion of the purchase, the executive vice president owned 115,779 shares in the company, valued at approximately $5,960,302.92. The trade was a 0.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 17,205 shares of company stock worth $895,241. 5.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MTDR shares. Morgan Stanley raised their price objective on shares of Matador Resources from $66.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, October 15th. Wall Street Zen upgraded Matador Resources from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 7th. Scotiabank initiated coverage on Matador Resources in a research note on Thursday, October 15th. They issued a “sector perform” rating and a $59.00 price target on the stock. Citigroup dropped their price target on Matador Resources from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Finally, Truist Financial boosted their price target on Matador Resources from $65.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, November 5th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.00.

Matador Resources Price Performance

Shares of MTDR opened at $52.79 on Friday. The stock has a market capitalization of $6.53 billion, a P/E ratio of 9.10 and a beta of 0.93. Matador Resources Company has a twelve month low of $39.55 and a twelve month high of $66.84. The company has a 50 day moving average of $55.64 and a 200-day moving average of $54.68. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 0.67.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, November 3rd. The energy company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.23. Matador Resources had a net margin of 18.60% and a return on equity of 14.32%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The firm’s revenue for the quarter was up 33.9% on a year-over-year basis. As a group, equities research analysts forecast that Matador Resources Company will post 8.34 EPS for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Tuesday, November 10th will be paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, November 10th. This is an increase from Matador Resources’s previous quarterly dividend of $0.3750. Matador Resources’s dividend payout ratio (DPR) is presently 30.17%.

About Matador Resources

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas. Its operations are focused primarily on the Delaware Basin in southeastern New Mexico and West Texas. Alongside its exploration and production business, Matador provides midstream services through its subsidiary San Mateo Midstream. These activities include gathering and processing natural gas and handling produced water, supporting the company’s operations and serving other producers in the region.