3,736 Shares in Matador Resources (NYSE:MTDR) Bought by Wedbush Securities Inc.

Wedbush Securities Inc. purchased a new stake in shares of Matador Resources (NYSE:MTDR) during the fourth quarter, Holdings Channel reports. The firm purchased 3,736 shares of the energy company’s stock, valued at approximately $210,000.

A number of other large investors have also added to or reduced their stakes in MTDR. TCTC Holdings LLC boosted its holdings in shares of Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after purchasing an additional 175 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Matador Resources by 108.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after buying an additional 256 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Matador Resources by 68.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after buying an additional 207 shares in the last quarter. SRS Capital Advisors Inc. grew its position in Matador Resources by 359.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock valued at $33,000 after acquiring an additional 453 shares during the last quarter. Finally, Denver PWM LLC grew its position in Matador Resources by 67.2% during the third quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock valued at $37,000 after acquiring an additional 303 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Down 11.2 %

Shares of Matador Resources stock opened at $37.74 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. Matador Resources has a 12-month low of $35.19 and a 12-month high of $71.08. The company has a market cap of $4.72 billion, a P/E ratio of 5.29 and a beta of 2.74. The company’s fifty day simple moving average is $50.35 and its two-hundred day simple moving average is $54.22.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results 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. Research analysts anticipate that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s dividend payout ratio (DPR) is presently 17.51%.

Insider Activity at Matador Resources

In other Matador Resources news, Director Paul W. Harvey bought 600 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was acquired at an average price of $55.20 per share, with a total value of $33,120.00. Following the completion of the purchase, the director now owns 27,917 shares of the company’s stock, valued at approximately $1,541,018.40. This trade represents a 2.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Van H. Singleton II purchased 2,000 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was bought at an average cost of $53.21 per share, for a total transaction of $106,420.00. Following the completion of the transaction, the insider now owns 289,135 shares in the company, valued at approximately $15,384,873.35. This represents a 0.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 21,350 shares of company stock worth $1,100,769 over the last ninety days. 6.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MTDR shares. Mizuho cut their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Wolfe Research upgraded shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target for the company in a research report on Friday, January 3rd. Benchmark reaffirmed a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a research note on Friday, January 17th. TD Cowen boosted their target price on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Raymond James reduced their price target on Matador Resources from $77.00 to $67.00 and set an “outperform” rating on the stock in a research report on Monday, March 10th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $73.50.

Matador Resources Company 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.