Signaturefd LLC Boosts Stock Holdings in Matador Resources (NYSE:MTDR)

Signaturefd LLC grew its position in shares of Matador Resources (NYSE:MTDR) by 26.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,685 shares of the energy company’s stock after purchasing an additional 568 shares during the quarter. Signaturefd LLC’s holdings in Matador Resources were worth $133,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Essex Investment Management Co. LLC increased its holdings in shares of Matador Resources by 0.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 37,532 shares of the energy company’s stock valued at $2,506,000 after purchasing an additional 169 shares in the last quarter. Securian Asset Management Inc. increased its holdings in shares of Matador Resources by 1.9% during the 2nd quarter. Securian Asset Management Inc. now owns 9,255 shares of the energy company’s stock valued at $552,000 after purchasing an additional 170 shares in the last quarter. Raymond James Trust N.A. increased its holdings in shares of Matador Resources by 3.6% during the 2nd quarter. Raymond James Trust N.A. now owns 5,714 shares of the energy company’s stock valued at $341,000 after purchasing an additional 198 shares in the last quarter. Covestor Ltd increased its holdings in shares of Matador Resources by 121.4% during the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after purchasing an additional 227 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in Matador Resources by 16.6% in the 2nd quarter. Fifth Third Bancorp now owns 1,709 shares of the energy company’s stock valued at $102,000 after acquiring an additional 243 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

Matador Resources Trading Down 2.2 %

Shares of MTDR stock opened at $50.69 on Tuesday. The company’s 50-day moving average price is $52.61 and its 200-day moving average price is $57.91. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 6.71 and a beta of 3.26. 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, October 22nd. The energy company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.11. The firm had revenue of $770.20 million for the quarter, compared to analysts’ expectations of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 EPS. As a group, equities analysts predict that Matador Resources will post 7.42 earnings per share for the current year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.25 dividend. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources’s payout ratio is 10.60%.

Insider Activity at Matador Resources

In related news, CAO Robert T. Macalik acquired 500 shares of Matador Resources stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of $54.50 per share, for a total transaction of $27,250.00. Following the acquisition, the chief accounting officer now owns 29,300 shares in the company, valued at approximately $1,596,850. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Matador Resources news, CEO Joseph Wm Foran purchased 2,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $55.96 per share, for a total transaction of $111,920.00. Following the completion of the purchase, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robert T. Macalik purchased 500 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $54.50 per share, for a total transaction of $27,250.00. Following the completion of the purchase, the chief accounting officer now directly owns 29,300 shares of the company’s stock, valued at approximately $1,596,850. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 12,300 shares of company stock worth $634,615. Company insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MTDR. Wolfe Research began coverage on shares of Matador Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. TD Cowen lifted their price target on shares of Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. KeyCorp dropped their price target on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Mizuho dropped their price target 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. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $75.31.

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.