DRW Securities LLC Takes $1.66 Million Position in Matador Resources (NYSE:MTDR)

DRW Securities LLC bought a new position in Matador Resources (NYSE:MTDR) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 28,000 shares of the energy company’s stock, valued at approximately $1,655,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in Matador Resources by 2.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,797 shares of the energy company’s stock worth $614,000 after purchasing an additional 294 shares during the period. Coldstream Capital Management Inc. grew its holdings in Matador Resources by 28.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 5,047 shares of the energy company’s stock worth $287,000 after acquiring an additional 1,122 shares during the period. Corient Private Wealth LLC grew its holdings in Matador Resources by 16.8% during the fourth quarter. Corient Private Wealth LLC now owns 18,166 shares of the energy company’s stock worth $1,033,000 after acquiring an additional 2,616 shares during the period. Trexquant Investment LP purchased a new position in Matador Resources during the fourth quarter valued at approximately $1,495,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Matador Resources by 4.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 27,554 shares of the energy company’s stock valued at $1,567,000 after acquiring an additional 1,096 shares during the period. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Performance

Shares of MTDR opened at $52.20 on Friday. The stock has a market cap of $6.51 billion, a PE ratio of 7.15 and a beta of 3.27. 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 52-week low of $48.22 and a 52-week high of $71.08. The firm’s fifty day moving average is $56.40 and its two-hundred day moving average is $60.75.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, July 23rd. The energy company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.29. The business had revenue of $847.14 million during the quarter, compared to analysts’ expectations of $822.55 million. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The business’s revenue for the quarter was up 32.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.42 EPS. Research analysts forecast that Matador Resources will post 7.83 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.80 annualized dividend and a yield of 1.53%. Matador Resources’s dividend payout ratio (DPR) is currently 10.96%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MTDR. Stephens lowered their price target on shares of Matador Resources from $83.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Mizuho dropped their target price on Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Matador Resources in a report on Friday. Truist Financial dropped their price objective on Matador Resources from $91.00 to $86.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Finally, Wells Fargo & Company upped their target price on Matador Resources from $88.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and an average price target of $77.17.

Insider Buying and Selling at Matador Resources

In related news, CEO Joseph Wm Foran purchased 2,000 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of $55.96 per share, for a total transaction of $111,920.00. Following the completion of the transaction, the chief executive officer now directly owns 35,251 shares in the company, valued at $1,972,645.96. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Joseph Wm Foran purchased 2,000 shares of the firm’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 $1,972,645.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Robert T. Macalik purchased 500 shares of the stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of $54.50 per share, with a total value of $27,250.00. Following the completion of the transaction, the chief accounting officer now owns 29,300 shares of the company’s stock, valued at $1,596,850. The disclosure for this purchase can be found here. Insiders have purchased 12,300 shares of company stock valued at $634,615 over the last 90 days. 6.10% of the stock is owned by insiders.

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.