9,426 Shares in Matador Resources (NYSE:MTDR) Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC purchased a new stake in shares of Matador Resources (NYSE:MTDR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,426 shares of the energy company’s stock, valued at approximately $562,000.

Other large investors have also recently made changes to their positions in the company. TFO Wealth Partners LLC increased its stake in Matador Resources by 310,920.0% in the 4th quarter. TFO Wealth Partners LLC now owns 15,551 shares of the energy company’s stock worth $884,000 after purchasing an additional 15,546 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Matador Resources in the first quarter valued at about $828,000. Prevail Innovative Wealth Advisors LLC raised its stake in shares of Matador Resources by 28.6% during the first quarter. Prevail Innovative Wealth Advisors LLC now owns 37,163 shares of the energy company’s stock valued at $2,481,000 after acquiring an additional 8,254 shares during the last quarter. Burford Brothers Inc. purchased a new stake in shares of Matador Resources during the fourth quarter worth about $1,535,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Matador Resources by 31.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,206,041 shares of the energy company’s stock worth $125,435,000 after purchasing an additional 531,504 shares during the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MTDR shares. JPMorgan Chase & Co. decreased their target price on Matador Resources from $83.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Capital One Financial upgraded shares of Matador Resources from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $80.00 to $84.00 in a report on Thursday, July 25th. Mizuho cut their target price on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Wolfe Research began coverage on shares of Matador Resources in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Matador Resources in a research report on Friday. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $77.17.

Matador Resources Trading Up 0.6 %

Matador Resources stock opened at $52.53 on Tuesday. Matador Resources has a one year low of $48.22 and a one year high of $71.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.82 and a current ratio of 0.86. The stock has a market cap of $6.55 billion, a PE ratio of 7.20 and a beta of 3.27. The stock has a 50-day moving average of $56.16 and a two-hundred day moving average of $60.64.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, July 23rd. The energy company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.29. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The company had revenue of $847.14 million during the quarter, compared to analyst estimates of $822.55 million. During the same period last year, the firm posted $1.42 EPS. Matador Resources’s revenue for the quarter was up 32.8% compared to the same quarter last year. On average, research analysts anticipate that Matador Resources will post 7.83 EPS for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Thursday, August 15th. Matador Resources’s dividend payout ratio (DPR) is presently 10.96%.

Insider Transactions at Matador Resources

In related news, CEO Joseph Wm Foran acquired 2,500 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were acquired at an average cost of $49.97 per share, with a total value of $124,925.00. Following the completion of the acquisition, the chief executive officer now directly owns 40,251 shares in the company, valued at approximately $2,011,342.47. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CAO Robert T. Macalik bought 500 shares of the business’s stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $50.25 per share, with a total value of $25,125.00. Following the purchase, the chief accounting officer now directly owns 29,800 shares of the company’s stock, valued at $1,497,450. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Joseph Wm Foran bought 2,500 shares of Matador Resources stock in a transaction on Monday, September 9th. The shares were purchased at an average cost of $49.97 per share, for a total transaction of $124,925.00. Following the completion of the purchase, the chief executive officer now directly owns 40,251 shares of the company’s stock, valued at $2,011,342.47. The disclosure for this purchase can be found here. Insiders acquired a total of 12,300 shares of company stock valued at $634,615 in the last three months. 6.10% of the stock is currently owned by company insiders.

About Matador Resources

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.