Segall Bryant & Hamill LLC Reduces Stock Holdings in Matador Resources (NYSE:MTDR)

Segall Bryant & Hamill LLC lessened its stake in shares of Matador Resources (NYSE:MTDR) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 879,826 shares of the energy company’s stock after selling 79,724 shares during the quarter. Matador Resources comprises about 0.7% of Segall Bryant & Hamill LLC’s holdings, making the stock its 23rd biggest holding. Segall Bryant & Hamill LLC owned 0.71% of Matador Resources worth $49,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. TCTC Holdings LLC increased its position in Matador Resources by 53.8% during the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after buying an additional 175 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Matador Resources by 108.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after acquiring an additional 256 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after acquiring an additional 207 shares during the period. SRS Capital Advisors Inc. raised its position in Matador Resources by 359.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock valued at $33,000 after purchasing an additional 453 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in Matador Resources during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insiders Place Their Bets

In other Matador Resources news, Director Timothy E. Parker bought 2,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $44.67 per share, with a total value of $89,340.00. Following the transaction, the director now directly owns 83,790 shares in the company, valued at approximately $3,742,899.30. This trade represents a 2.45 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Robert T. Macalik purchased 1,200 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $47.98 per share, with a total value of $57,576.00. Following the transaction, the chief accounting officer now directly owns 31,000 shares of the company’s stock, valued at approximately $1,487,380. This represents a 4.03 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 21,350 shares of company stock worth $1,100,769 over the last quarter. 6.10% of the stock is owned by corporate insiders.

Matador Resources Price Performance

MTDR stock opened at $52.95 on Tuesday. The company has a market cap of $6.63 billion, a PE ratio of 7.42 and a beta of 3.17. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average price of $55.21 and a two-hundred day moving average price of $54.86. Matador Resources has a 12-month low of $43.89 and a 12-month high of $71.08.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The firm had revenue of $970.37 million for the quarter, compared to analysts’ expectations of $967.10 million. As a group, research analysts predict that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.3125 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a yield of 2.36%. Matador Resources’s dividend payout ratio (DPR) is 17.51%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Truist Financial lifted their price objective on shares of Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Stephens upped their price objective on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Morgan Stanley started coverage on Matador Resources in a research note on Friday, January 10th. They issued an “equal weight” rating and a $78.00 target price on the stock. Benchmark restated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research note on Friday, January 17th. Finally, Wells Fargo & Company lifted their price objective on shares of Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.20.

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.