SRS Capital Advisors Inc. Buys 453 Shares of Matador Resources (NYSE:MTDR)

SRS Capital Advisors Inc. lifted its stake in Matador Resources (NYSE:MTDR) by 359.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 579 shares of the energy company’s stock after buying an additional 453 shares during the period. SRS Capital Advisors Inc.’s holdings in Matador Resources were worth $33,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. boosted its stake in shares of Matador Resources by 12.0% in the third quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company’s stock valued at $54,122,000 after buying an additional 107,827 shares during the period. Loomis Sayles & Co. L P lifted its stake in Matador Resources by 16.8% during the third quarter. Loomis Sayles & Co. L P now owns 455,662 shares of the energy company’s stock worth $22,519,000 after purchasing an additional 65,487 shares during the last quarter. Stifel Financial Corp lifted its stake in Matador Resources by 81.2% during the third quarter. Stifel Financial Corp now owns 30,304 shares of the energy company’s stock worth $1,498,000 after purchasing an additional 13,583 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Matador Resources by 16.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company’s stock worth $8,088,000 after purchasing an additional 20,172 shares during the last quarter. Finally, HITE Hedge Asset Management LLC bought a new stake in Matador Resources during the third quarter worth $10,526,000. 91.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Matador Resources news, Director Timothy E. Parker acquired 2,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $44.67 per share, with a total value of $89,340.00. Following the transaction, the director now owns 83,790 shares in the company, valued at approximately $3,742,899.30. The trade was a 2.45 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Robert T. Macalik acquired 1,200 shares of the stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $47.98 per share, with a total value of $57,576.00. Following the completion of the transaction, the chief accounting officer now owns 31,000 shares in the company, valued at approximately $1,487,380. This represents a 4.03 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 21,530 shares of company stock valued at $1,119,092. 6.10% of the stock is currently owned by company insiders.

Matador Resources Stock Up 1.1 %

Shares of MTDR opened at $45.27 on Friday. The company has a market capitalization of $5.67 billion, a PE ratio of 6.34 and a beta of 3.22. Matador Resources has a 12 month low of $43.89 and a 12 month high of $71.08. The stock’s 50-day moving average price is $57.39 and its two-hundred day moving average price is $55.43. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). The company had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. On average, analysts anticipate that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a yield of 2.76%. Matador Resources’s payout ratio is presently 17.51%.

Analyst Ratings Changes

Several equities research analysts have weighed in on MTDR shares. Mizuho cut their target price on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Benchmark restated a “buy” rating and set a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. TD Cowen upped their target price on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Royal Bank of Canada restated an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company raised their price objective on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $75.14.

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.