Wealth Enhancement Advisory Services LLC Has $520,000 Stake in Matador Resources (NYSE:MTDR)

Wealth Enhancement Advisory Services LLC raised its holdings in Matador Resources (NYSE:MTDR) by 43.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,517 shares of the energy company’s stock after purchasing an additional 3,181 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Matador Resources were worth $520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Greenleaf Trust lifted its position in shares of Matador Resources by 3.8% during the third quarter. Greenleaf Trust now owns 7,086 shares of the energy company’s stock worth $350,000 after purchasing an additional 260 shares in the last quarter. Signaturefd LLC raised its position in Matador Resources by 26.8% in the 3rd quarter. Signaturefd LLC now owns 2,685 shares of the energy company’s stock worth $133,000 after purchasing an additional 568 shares during the last quarter. Foundations Investment Advisors LLC acquired a new position in Matador Resources during the 3rd quarter worth $202,000. Carolina Wealth Advisors LLC bought a new position in Matador Resources in the 3rd quarter valued at $78,000. Finally, Raymond James & Associates increased its stake in shares of Matador Resources by 8.3% in the 3rd quarter. Raymond James & Associates now owns 217,895 shares of the energy company’s stock valued at $10,768,000 after buying an additional 16,681 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Joseph Wm Foran bought 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $51.47 per share, with a total value of $128,675.00. Following the transaction, the chief executive officer now owns 37,751 shares in the company, valued at $1,943,043.97. This 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 can be accessed through this hyperlink. In other Matador Resources news, CEO Joseph Wm Foran bought 2,500 shares of Matador Resources stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $51.47 per share, for a total transaction of $128,675.00. Following the completion of the acquisition, the chief executive officer now owns 37,751 shares of the company’s stock, valued at $1,943,043.97. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Glenn W. Stetson purchased 1,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was acquired at an average price of $51.33 per share, for a total transaction of $51,330.00. Following the completion of the purchase, the executive vice president now directly owns 85,935 shares in the company, valued at approximately $4,411,043.55. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 11,105 shares of company stock worth $562,306. Corporate insiders own 6.10% of the company’s stock.

Matador Resources Stock Up 0.1 %

Shares of Matador Resources stock opened at $56.58 on Friday. The company has a market capitalization of $7.06 billion, a P/E ratio of 7.49 and a beta of 3.26. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. The business has a 50-day moving average of $52.01 and a two-hundred day moving average of $57.24. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08.

Matador Resources (NYSE:MTDR) last posted its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The business had revenue of $770.20 million during the quarter, compared to analysts’ expectations of $836.69 million. During the same period in the prior year, the business earned $1.86 EPS. Matador Resources’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities analysts predict that Matador Resources will post 7.45 EPS for the current year.

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 15th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 1.77%. Matador Resources’s dividend payout ratio is presently 10.60%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MTDR shares. KeyCorp decreased their price target on Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. BMO Capital Markets raised their target price on shares of Matador Resources from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. dropped their price target on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a research note on Thursday, October 24th. Finally, Stephens lifted their target price on shares of Matador Resources from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and a consensus price target of $74.92.

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.