SG Americas Securities LLC Has $280,000 Holdings in Matador Resources (NYSE:MTDR)

SG Americas Securities LLC lessened its holdings in shares of Matador Resources (NYSE:MTDR) by 30.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,671 shares of the energy company’s stock after selling 2,492 shares during the quarter. SG Americas Securities LLC’s holdings in Matador Resources were worth $280,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Denver PWM LLC acquired a new stake in Matador Resources during the 2nd quarter worth $27,000. Covestor Ltd raised its stake in Matador Resources by 121.4% during the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock worth $28,000 after buying an additional 227 shares during the period. Quarry LP raised its stake in Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after buying an additional 251 shares during the period. Advisors Asset Management Inc. raised its stake in Matador Resources by 191.8% during the 1st quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock worth $47,000 after buying an additional 466 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new stake in Matador Resources during the 1st quarter worth $73,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Joseph Wm Foran acquired 2,000 shares of Matador Resources stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $55.96 per share, for a total transaction of $111,920.00. Following the completion of the acquisition, the chief executive officer now directly owns 35,251 shares in the company, valued at approximately $1,972,645.96. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Bryan A. Erman acquired 1,000 shares of Matador Resources stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $50.35 per share, for a total transaction of $50,350.00. Following the completion of the acquisition, the executive vice president now directly owns 2,750 shares in the company, valued at approximately $138,462.50. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Joseph Wm Foran acquired 2,000 shares of Matador Resources stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of $55.96 per share, with a total value of $111,920.00. Following the acquisition, the chief executive officer now owns 35,251 shares of the company’s stock, valued at approximately $1,972,645.96. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 12,300 shares of company stock valued at $634,615 over the last 90 days. 6.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MTDR has been the subject of a number of research reports. Wolfe Research initiated coverage on Matador Resources in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Mizuho lowered their target price on Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Wells Fargo & Company lowered their target price on Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Benchmark reiterated a “buy” rating and set a $62.00 target price on shares of Matador Resources in a report on Wednesday, July 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 target price on shares of Matador Resources in a report on Friday, September 27th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $75.54.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $51.54 on Monday. The business’s 50 day moving average price is $53.24 and its two-hundred day moving average price is $58.75. The company has a market cap of $6.43 billion, a PE ratio of 7.06 and a beta of 3.26. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 0.41. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Tuesday, July 23rd. The energy company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.29. The firm had revenue of $847.14 million for the quarter, compared to the consensus estimate of $822.55 million. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The business’s revenue was up 32.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.42 earnings per share. On average, analysts predict that Matador Resources will post 7.4 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, November 15th. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s payout ratio is 13.70%.

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.