Matador Resources (NYSE:MTDR) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its holdings in shares of Matador Resources (NYSE:MTDR) by 6.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 959,550 shares of the energy company’s stock after buying an additional 57,995 shares during the quarter. Matador Resources comprises about 0.6% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 26th biggest holding. Segall Bryant & Hamill LLC’s holdings in Matador Resources were worth $47,421,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Securian Asset Management Inc. grew its stake in Matador Resources by 1.9% during the 2nd quarter. Securian Asset Management Inc. now owns 9,255 shares of the energy company’s stock valued at $552,000 after acquiring an additional 170 shares in the last quarter. Raymond James Trust N.A. increased its holdings in shares of Matador Resources by 3.6% in the second quarter. Raymond James Trust N.A. now owns 5,714 shares of the energy company’s stock valued at $341,000 after purchasing an additional 198 shares during the last quarter. Covestor Ltd boosted its stake in Matador Resources by 121.4% during the first quarter. Covestor Ltd now owns 414 shares of the energy company’s stock worth $28,000 after buying an additional 227 shares during the last quarter. Fifth Third Bancorp grew its holdings in Matador Resources by 16.6% in the 2nd quarter. Fifth Third Bancorp now owns 1,709 shares of the energy company’s stock valued at $102,000 after buying an additional 243 shares in the last quarter. Finally, Quarry LP grew its holdings in Matador Resources by 47.5% in the 2nd 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. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran purchased 2,500 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $51.47 per share, with a total value of $128,675.00. Following the acquisition, the chief executive officer now directly owns 37,751 shares of the company’s stock, valued at approximately $1,943,043.97. This represents a 7.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian J. Willey acquired 1,500 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $50.50 per share, with a total value of $75,750.00. Following the completion of the transaction, the chief financial officer now owns 1,500 shares in the company, valued at approximately $75,750. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 11,105 shares of company stock valued at $562,306. Insiders own 6.10% of the company’s stock.

Matador Resources Trading Down 1.8 %

NYSE:MTDR opened at $57.78 on Wednesday. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08. The firm has a market cap of $7.21 billion, a PE ratio of 7.65 and a beta of 3.26. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The stock has a fifty day moving average price of $52.85 and a 200 day moving average price of $56.84.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The business had revenue of $770.20 million during the quarter, compared to analysts’ expectations of $836.69 million. During the same quarter last year, the business posted $1.86 EPS. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. Sell-side analysts anticipate that Matador Resources will post 7.5 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.73%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources’s dividend payout ratio (DPR) is presently 13.25%.

Analyst Upgrades and Downgrades

MTDR has been the topic of several recent research reports. Capital One Financial raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $80.00 to $84.00 in a research report on Thursday, July 25th. JPMorgan Chase & Co. dropped their price target on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. TD Cowen lifted their price target on shares of Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Benchmark reiterated a “buy” rating and issued a $62.00 price objective on shares of Matador Resources in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company cut their target price on Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and a consensus target price of $74.92.

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.