Matador Resources (NYSE:MTDR) Shares Purchased by Covestor Ltd

Covestor Ltd grew its position in shares of Matador Resources (NYSE:MTDR) by 99.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,117 shares of the energy company’s stock after purchasing an additional 1,057 shares during the period. Covestor Ltd’s holdings in Matador Resources were worth $119,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. TCTC Holdings LLC grew its holdings in shares of Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. EverSource Wealth Advisors LLC boosted 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 valued at $28,000 after buying an additional 256 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of 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 acquiring an additional 207 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of Matador Resources by 359.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after acquiring an additional 453 shares during the period. Finally, Denver PWM LLC raised its stake in shares of Matador Resources by 67.2% in 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 in the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Matador Resources Trading Up 4.1 %

NYSE:MTDR opened at $39.41 on Friday. The company has a market capitalization of $4.93 billion, a PE ratio of 5.52 and a beta of 2.74. Matador Resources has a 52-week low of $35.19 and a 52-week high of $71.08. The stock’s 50 day moving average price is $49.97 and its 200 day moving average price is $54.14. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The business had revenue of $970.37 million during the quarter, compared to analyst estimates of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. On average, research analysts anticipate that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.3125 per share. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 28th. This represents a $1.25 annualized dividend and a dividend yield of 3.17%. Matador Resources’s dividend payout ratio is 17.51%.

Analysts Set New Price Targets

Several research firms recently commented on MTDR. Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price for the company in a research note on Friday, January 3rd. Raymond James lowered their price objective on Matador Resources from $77.00 to $67.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. Wells Fargo & Company reduced their target price on shares of Matador Resources from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, March 25th. JPMorgan Chase & Co. lowered their price target on shares of Matador Resources from $65.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Truist Financial raised their price objective on shares of Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 13th. 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.com, Matador Resources has a consensus rating of “Moderate Buy” and an average target price of $72.93.

Insider Buying and Selling

In other news, insider Van H. Singleton II bought 1,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average price of $52.72 per share, with a total value of $52,720.00. Following the completion of the acquisition, the insider now directly owns 290,135 shares in the company, valued at approximately $15,295,917.20. The trade was a 0.35 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy E. Parker purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $44.67 per share, with a total value of $89,340.00. Following the completion of the acquisition, the director now directly owns 83,790 shares of the company’s stock, valued at $3,742,899.30. This represents a 2.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 21,350 shares of company stock valued at $1,100,769 over the last quarter. 6.10% of the stock is currently owned by 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.