Hancock Whitney Corp Buys 15,423 Shares of Matador Resources Company $MTDR

Key Points

• Hancock Whitney Corp increased its stake in Matador Resources Company by 52.7%, acquiring an additional 15,423 shares, bringing their total holdings to 44,662 shares valued at approximately $2.28 million.
• Various institutional investors have also made significant adjustments to their positions in Matador, with Vanguard Group Inc. increasing its stake by 7.6% to over 13.5 million shares valued at around $690.3 million.
• Analysts have mixed views on Matador, with a consensus rating of "Moderate Buy" and an average price target of $67.53, which reflects recent adjustments to price predictions by firms like UBS and Morgan Stanley.

Hancock Whitney Corp increased its position in Matador Resources Company (NYSE:MTDR - Free Report) by 52.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,662 shares of the energy company's stock after purchasing an additional 15,423 shares during the quarter. Hancock Whitney Corp's holdings in Matador Resources were worth $2,282,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MTDR. Schonfeld Strategic Advisors LLC acquired a new position in shares of Matador Resources in the 4th quarter valued at approximately $961,000. Mercer Global Advisors Inc. ADV grew its position in shares of Matador Resources by 15.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 24,960 shares of the energy company's stock valued at $1,404,000 after purchasing an additional 3,420 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Matador Resources in the 4th quarter valued at approximately $374,000. Captrust Financial Advisors grew its position in shares of Matador Resources by 4.1% in the 4th quarter. Captrust Financial Advisors now owns 46,298 shares of the energy company's stock valued at $2,605,000 after purchasing an additional 1,829 shares during the period. Finally, BOKF NA grew its position in shares of Matador Resources by 58,158.1% in the 4th quarter. BOKF NA now owns 50,102 shares of the energy company's stock valued at $3,069,000 after purchasing an additional 50,016 shares during the period. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Stock Performance

NYSE MTDR traded up $1.11 on Wednesday, reaching $48.37. The stock had a trading volume of 277,763 shares, compared to its average volume of 1,675,612. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.81. The firm has a fifty day moving average of $49.34 and a two-hundred day moving average of $46.99. Matador Resources Company has a 1-year low of $35.19 and a 1-year high of $64.04. The company has a market cap of $6.02 billion, a P/E ratio of 7.08 and a beta of 1.49.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The energy company reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.24. Matador Resources had a return on equity of 16.53% and a net margin of 22.57%.The firm had revenue of $895.31 million for the quarter, compared to analyst estimates of $892.86 million. During the same period in the prior year, the firm posted $2.05 EPS. The company's revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities research analysts anticipate that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, August 15th. Matador Resources's dividend payout ratio (DPR) is 18.30%.

Insider Activity

In other Matador Resources news, CEO Joseph Wm Foran bought 5,000 shares of the stock in a transaction on Friday, August 1st. The stock was acquired at an average cost of $49.17 per share, for a total transaction of $245,850.00. Following the completion of the acquisition, the chief executive officer owned 6,606 shares in the company, valued at $324,817.02. This trade represents a 311.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 5.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on MTDR. William Blair began coverage on Matador Resources in a research note on Monday, August 25th. They issued an "outperform" rating on the stock. Raymond James Financial boosted their target price on Matador Resources from $60.00 to $63.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. KeyCorp cut their target price on Matador Resources from $62.00 to $61.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 3rd. Morgan Stanley upped their price objective on Matador Resources from $60.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Monday, August 18th. Finally, UBS Group dropped their price objective on Matador Resources from $49.00 to $48.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $67.53.

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.