Stifel Financial Corp Increases Position in Matador Resources (NYSE:MTDR)

Stifel Financial Corp increased its holdings in Matador Resources (NYSE:MTDR) by 81.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,304 shares of the energy company’s stock after purchasing an additional 13,583 shares during the quarter. Stifel Financial Corp’s holdings in Matador Resources were worth $1,498,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Raymond James Trust N.A. lifted its stake in Matador Resources by 3.6% in the 2nd quarter. Raymond James Trust N.A. now owns 5,714 shares of the energy company’s stock valued at $341,000 after buying an additional 198 shares in the last quarter. ClearAlpha Technologies LP lifted its position in shares of Matador Resources by 4.3% in the third quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company’s stock valued at $259,000 after acquiring an additional 218 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Matador Resources by 16.6% in the second quarter. Fifth Third Bancorp now owns 1,709 shares of the energy company’s stock worth $102,000 after acquiring an additional 243 shares during the last quarter. Quarry LP increased its position in shares of Matador Resources by 47.5% during the second quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after purchasing an additional 251 shares in the last quarter. Finally, Greenleaf Trust raised its stake in Matador Resources by 3.8% in the 3rd quarter. Greenleaf Trust now owns 7,086 shares of the energy company’s stock valued at $350,000 after purchasing an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Performance

Shares of MTDR stock opened at $53.07 on Friday. Matador Resources has a one year low of $47.15 and a one year high of $71.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88. The firm’s 50 day moving average price is $55.52 and its 200-day moving average price is $56.13. The firm has a market cap of $6.62 billion, a P/E ratio of 7.03 and a beta of 3.26.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.78 by $0.11. The business had revenue of $770.20 million during the quarter, compared to analyst estimates of $836.69 million. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the business posted $1.86 earnings per share. As a group, equities research analysts predict that Matador Resources will post 7.49 EPS for the current year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a $0.25 dividend. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.88%. The ex-dividend date was Friday, November 15th. Matador Resources’s payout ratio is currently 13.25%.

Analyst Upgrades and Downgrades

MTDR has been the subject of a number of research reports. TD Cowen upped their target price on shares of Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday. Mizuho dropped their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Royal Bank of Canada restated an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a report on Friday, December 6th. JPMorgan Chase & Co. reduced their price objective on Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, Stephens upped their target price on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $74.38.

Insider Transactions at Matador Resources

In related news, CEO Joseph Wm Foran acquired 2,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was acquired at an average price of $55.18 per share, for a total transaction of $110,360.00. Following the purchase, the chief executive officer now owns 42,251 shares of the company’s stock, valued at $2,331,410.18. This represents a 4.97 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Glenn W. Stetson bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were purchased 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 of the company’s stock, valued at approximately $4,411,043.55. This trade represents a 1.18 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 4,285 shares of company stock valued at $232,849. 6.10% of the stock is currently owned by corporate insiders.

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.