SG Americas Securities LLC Has $8.13 Million Holdings in Matador Resources Company $MTDR

SG Americas Securities LLC grew its position in shares of Matador Resources Company (NYSE:MTDR) by 28.3% in the 1st quarter, Holdings Channel reports. The firm owned 128,744 shares of the energy company’s stock after acquiring an additional 28,434 shares during the quarter. SG Americas Securities LLC’s holdings in Matador Resources were worth $8,134,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MTDR. Balboa Wealth Partners acquired a new stake in shares of Matador Resources during the first quarter worth $256,000. Diversified Trust Co acquired a new position in Matador Resources in the first quarter valued at $1,300,000. Rockefeller Capital Management L.P. boosted its position in Matador Resources by 179.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,869 shares of the energy company’s stock valued at $122,000 after acquiring an additional 1,843 shares during the last quarter. MidFirst Bank bought a new stake in Matador Resources during the fourth quarter valued at $214,000. Finally, Invesco Ltd. grew its holdings in Matador Resources by 45.9% during the 4th quarter. Invesco Ltd. now owns 594,849 shares of the energy company’s stock worth $25,245,000 after acquiring an additional 187,178 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Trading Down 0.6%

MTDR opened at $49.88 on Friday. The company has a fifty day moving average price of $55.98 and a two-hundred day moving average price of $51.93. Matador Resources Company has a 1-year low of $37.14 and a 1-year high of $66.84. The company has a market cap of $6.19 billion, a P/E ratio of 12.82 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.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.29. The firm had revenue of $941.60 million during the quarter, compared to analysts’ expectations of $871.57 million. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The company’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.99 earnings per share. Analysts predict that Matador Resources Company will post 7.45 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were given a $0.375 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.50 annualized dividend and a yield of 3.0%. Matador Resources’s dividend payout ratio (DPR) is presently 38.56%.

Insider Activity at Matador Resources

In other Matador Resources news, CFO Christopher P. Calvert purchased 1,500 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was acquired at an average price of $53.24 per share, for a total transaction of $79,860.00. Following the purchase, the chief financial officer owned 41,500 shares of the company’s stock, valued at $2,209,460. This trade represents a 3.75% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph Wm Foran acquired 2,000 shares of the stock in a transaction on Tuesday, June 9th. The shares were acquired at an average price of $53.07 per share, for a total transaction of $106,140.00. Following the acquisition, the chief executive officer owned 11,479 shares of the company’s stock, valued at approximately $609,190.53. The trade was a 21.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 11,907 shares of company stock valued at $635,712. 5.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Truist Financial raised Matador Resources from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $60.00 to $67.00 in a research report on Tuesday, May 12th. Weiss Ratings lowered Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Wells Fargo & Company raised their target price on Matador Resources from $54.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. BMO Capital Markets lifted their target price on Matador Resources from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Finally, Morgan Stanley boosted their price target on Matador Resources from $73.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $65.08.

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.