Sanctuary Advisors LLC Makes New $300,000 Investment in Matador Resources (NYSE:MTDR)

Sanctuary Advisors LLC purchased a new stake in Matador Resources (NYSE:MTDR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,078 shares of the energy company’s stock, valued at approximately $300,000.

Several other institutional investors have also recently made changes to their positions in the stock. Denver PWM LLC acquired a new position in shares of Matador Resources during the second quarter worth approximately $27,000. True Wealth Design LLC bought a new stake in Matador Resources during the 3rd quarter valued at $37,000. Avior Wealth Management LLC raised its holdings in Matador Resources by 329.0% during the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock worth $41,000 after buying an additional 635 shares during the last quarter. Quarry LP lifted its stake in shares of Matador Resources by 47.5% in the second quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after buying an additional 251 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of Matador Resources by 154.8% during the third quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock valued at $52,000 after buying an additional 644 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on MTDR. Mizuho decreased their target price on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Benchmark reissued a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a report on Wednesday, October 23rd. TD Cowen raised their target price on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, December 19th. BMO Capital Markets upped their price target on Matador Resources from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Finally, KeyCorp dropped their price objective on Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and an average target price of $74.38.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was bought at an average cost of $55.18 per share, with a total value of $110,360.00. Following the acquisition, the chief executive officer now owns 42,251 shares in the company, valued at approximately $2,331,410.18. This represents a 4.97 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Glenn W. Stetson bought 1,000 shares of the stock in a transaction on Wednesday, October 30th. The shares were acquired at an average cost of $51.33 per share, for a total transaction of $51,330.00. Following the acquisition, the executive vice president now directly owns 85,935 shares in the company, valued at approximately $4,411,043.55. This trade represents a 1.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 4,285 shares of company stock worth $232,849 over the last ninety days. 6.10% of the stock is currently owned by company insiders.

Matador Resources Trading Up 0.2 %

NYSE MTDR opened at $54.32 on Friday. The business’s fifty day moving average is $55.72 and its 200-day moving average is $55.98. 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 stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 7.19 and a beta of 3.26. Matador Resources has a one year low of $47.15 and a one year high of $71.08.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. The firm had revenue of $770.20 million during the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned $1.86 EPS. 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 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Friday, November 15th. Matador Resources’s dividend payout ratio (DPR) is currently 13.25%.

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.