Matador Resources Company $MTDR Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Matador Resources Company (NYSE:MTDR) by 342.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 100,310 shares of the energy company’s stock after purchasing an additional 77,619 shares during the quarter. SG Americas Securities LLC’s holdings in Matador Resources were worth $4,257,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MTDR. Adage Capital Partners GP L.L.C. raised its stake in shares of Matador Resources by 143.1% during the second quarter. Adage Capital Partners GP L.L.C. now owns 2,556,472 shares of the energy company’s stock worth $121,995,000 after purchasing an additional 1,505,000 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in Matador Resources in the 3rd quarter valued at $61,615,000. Encompass Capital Advisors LLC purchased a new position in Matador Resources in the 2nd quarter valued at $37,194,000. Vaughan Nelson Investment Management L.P. increased its stake in Matador Resources by 64.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,100,805 shares of the energy company’s stock valued at $49,459,000 after buying an additional 431,010 shares during the period. Finally, Balyasny Asset Management L.P. increased its stake in Matador Resources by 488.5% in the 2nd quarter. Balyasny Asset Management L.P. now owns 477,218 shares of the energy company’s stock valued at $22,773,000 after buying an additional 396,129 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

MTDR has been the subject of several recent analyst reports. UBS Group raised their target price on shares of Matador Resources from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. TD Cowen boosted their price target on shares of Matador Resources from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, March 17th. Citigroup raised their price objective on shares of Matador Resources from $62.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday. Mizuho lifted their price objective on Matador Resources from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Matador Resources in a research report on Friday, January 9th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and an average target price of $61.36.

Matador Resources Stock Performance

NYSE:MTDR opened at $60.70 on Thursday. The firm’s fifty day simple moving average is $52.27 and its 200-day simple moving average is $46.04. The company has a quick ratio of 0.75, a current ratio of 0.79 and a debt-to-equity ratio of 0.57. The stock has a market cap of $7.54 billion, a PE ratio of 9.95 and a beta of 0.91. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $66.84.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, February 24th. The energy company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.16. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%. The firm had revenue of $847.99 million for the quarter, compared to the consensus estimate of $811.13 million. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The firm’s revenue was down 15.7% on a year-over-year basis. Analysts expect that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Friday, February 27th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Friday, February 27th. Matador Resources’s dividend payout ratio (DPR) is presently 24.59%.

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.