Segall Bryant & Hamill LLC Raises Stake in Matador Resources Company $MTDR

Segall Bryant & Hamill LLC increased its holdings in Matador Resources Company (NYSE:MTDR) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 731,572 shares of the energy company’s stock after buying an additional 15,802 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Matador Resources were worth $32,870,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MTDR. 111 Capital purchased a new stake in shares of Matador Resources in the 3rd quarter valued at $278,000. Royce & Associates LP lifted its position in Matador Resources by 4.1% during the third quarter. Royce & Associates LP now owns 297,552 shares of the energy company’s stock valued at $13,369,000 after purchasing an additional 11,751 shares during the period. American Century Companies Inc. lifted its position in Matador Resources by 25.1% during the third quarter. American Century Companies Inc. now owns 900,557 shares of the energy company’s stock valued at $40,462,000 after purchasing an additional 180,612 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Matador Resources in the third quarter valued at $375,000. Finally, Choreo LLC acquired a new stake in Matador Resources during the 3rd quarter worth about $217,000. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Price Performance

NYSE:MTDR opened at $54.10 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.79 and a debt-to-equity ratio of 0.57. Matador Resources Company has a 52 week low of $35.19 and a 52 week high of $54.25. The stock’s 50-day moving average price is $45.16 and its 200-day moving average price is $44.48. The stock has a market capitalization of $6.72 billion, a PE ratio of 8.87 and a beta of 1.07.

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

Matador Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 27th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.50 dividend on an annualized basis and a yield of 2.8%. Matador Resources’s dividend payout ratio (DPR) is currently 24.59%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Mizuho lifted their price objective on Matador Resources from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Royal Bank Of Canada dropped their target price on Matador Resources from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Tuesday, January 13th. Bank of America reduced their price target on Matador Resources from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. TD Cowen raised Matador Resources to a “strong-buy” rating in a report on Monday, February 9th. Finally, UBS Group upped their price objective on Matador Resources from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Matador Resources currently has an average rating of “Moderate Buy” and a consensus price target of $57.82.

Matador Resources Company 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.