MorganRosel Wealth Management LLC Takes $200,000 Position in Matador Resources (NYSE:MTDR)

MorganRosel Wealth Management LLC bought a new stake in Matador Resources (NYSE:MTDR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,000 shares of the energy company’s stock, valued at approximately $200,000.

A number of other institutional investors have also modified their holdings of MTDR. Atria Wealth Solutions Inc. grew its stake in Matador Resources by 5.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 3,880 shares of the energy company’s stock valued at $221,000 after acquiring an additional 195 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Matador Resources by 6.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,665 shares of the energy company’s stock valued at $265,000 after buying an additional 281 shares during the period. PNC Financial Services Group Inc. raised its holdings in Matador Resources by 2.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,797 shares of the energy company’s stock valued at $614,000 after buying an additional 294 shares during the period. QRG Capital Management Inc. raised its stake in shares of Matador Resources by 7.4% during the fourth quarter. QRG Capital Management Inc. now owns 4,422 shares of the energy company’s stock valued at $251,000 after purchasing an additional 306 shares during the period. Finally, Signaturefd LLC raised its stake in shares of Matador Resources by 16.9% during the fourth quarter. Signaturefd LLC now owns 2,133 shares of the energy company’s stock valued at $121,000 after purchasing an additional 309 shares during the period. 91.98% of the stock is owned by institutional investors and hedge funds.

Matador Resources Stock Up 0.1 %

MTDR opened at $59.67 on Tuesday. Matador Resources has a twelve month low of $49.12 and a twelve month high of $71.08. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.84 and a current ratio of 0.89. The business has a 50 day moving average price of $61.04 and a 200 day moving average price of $60.79. The firm has a market cap of $7.45 billion, a P/E ratio of 8.17 and a beta of 3.29.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, April 23rd. The energy company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.32. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The company had revenue of $787.70 million for the quarter, compared to the consensus estimate of $740.99 million. During the same period last year, the business posted $1.50 earnings per share. The firm’s revenue was up 40.6% compared to the same quarter last year. Research analysts forecast that Matador Resources will post 7.86 EPS for the current year.

Matador Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Thursday, May 16th. Matador Resources’s dividend payout ratio (DPR) is presently 10.96%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MTDR. Wells Fargo & Company raised their price target on shares of Matador Resources from $76.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Roth Mkm reiterated a “buy” rating and issued a $66.00 target price on shares of Matador Resources in a research note on Monday, March 25th. Truist Financial boosted their price target on shares of Matador Resources from $87.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. KeyCorp boosted their price target on shares of Matador Resources from $71.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Finally, Stephens initiated coverage on Matador Resources in a research note on Friday, June 21st. They issued an “overweight” rating and a $83.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and a consensus target price of $76.09.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, EVP Bryan A. Erman acquired 1,750 shares of Matador Resources stock in a transaction dated Friday, June 14th. The stock was bought at an average cost of $55.90 per share, with a total value of $97,825.00. Following the acquisition, the executive vice president now owns 1,750 shares of the company’s stock, valued at $97,825. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.10% of the company’s stock.

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.