Sei Investments Co. Buys 192,477 Shares of Matador Resources Company $MTDR

Sei Investments Co. raised its stake in Matador Resources Company (NYSE:MTDR) by 100.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 384,098 shares of the energy company’s stock after buying an additional 192,477 shares during the quarter. Sei Investments Co.’s holdings in Matador Resources were worth $24,267,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its position in shares of Matador Resources by 1,104.8% during the first quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock valued at $103,000 after buying an additional 1,845 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Matador Resources by 361.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after buying an additional 690 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Matador Resources in the 2nd quarter valued at $255,000. Arrowstreet Capital Limited Partnership bought a new position in Matador Resources during the 2nd quarter valued at $5,126,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Matador Resources by 767.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the energy company’s stock valued at $156,000 after acquiring an additional 2,885 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.

Insider Buying and Selling

In related news, CEO Joseph Wm Foran acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was acquired at an average price of $53.07 per share, for a total transaction of $106,140.00. Following the completion of the acquisition, the chief executive officer owned 11,479 shares of the company’s stock, valued at approximately $609,190.53. This represents a 21.10% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Christopher P. Calvert acquired 1,500 shares of the stock in a transaction on Friday, May 29th. The stock was bought at an average cost of $53.24 per share, for a total transaction of $79,860.00. Following the transaction, the chief financial officer owned 41,500 shares of the company’s stock, valued at approximately $2,209,460. This trade represents a 3.75% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 11,907 shares of company stock worth $635,712. Insiders own 5.90% of the company’s stock.

Matador Resources Stock Down 2.1%

MTDR stock opened at $46.19 on Wednesday. The stock has a market cap of $5.74 billion, a P/E ratio of 11.88 and a beta of 0.74. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59. The stock’s fifty day simple moving average is $52.51 and its two-hundred day simple moving average is $53.37. Matador Resources Company has a 1-year low of $37.14 and a 1-year high of $66.84.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.29. The firm had revenue of $941.60 million during the quarter, compared to analyst estimates of $871.57 million. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The business’s revenue was down 33.8% compared to the same quarter last year. During the same period last year, the firm posted $1.99 EPS. Analysts expect that Matador Resources Company will post 6.83 EPS for the current year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, August 10th. This represents a $1.50 annualized dividend and a yield of 3.2%. Matador Resources’s dividend payout ratio is presently 38.56%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. KeyCorp upped their target price on shares of Matador Resources from $61.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Citigroup dropped their price target on shares of Matador Resources from $72.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. UBS Group cut their price target on shares of Matador Resources from $56.00 to $54.00 and set a “neutral” rating on the stock in a report on Monday. Morgan Stanley reduced their price objective on shares of Matador Resources from $75.00 to $66.00 and set an “equal weight” rating for the company in a research report on Monday, June 29th. Finally, Wells Fargo & Company increased their price objective on shares of Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.00.

Matador Resources Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.