Matador Resources (NYSE:MTDR) Shares Acquired by GTS Securities LLC

GTS Securities LLC raised its position in Matador Resources (NYSE:MTDR - Free Report) by 157.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 20,184 shares of the energy company's stock after purchasing an additional 12,353 shares during the period. GTS Securities LLC's holdings in Matador Resources were worth $1,136,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Matador Resources by 16.1% during the 3rd quarter. Barclays PLC now owns 190,035 shares of the energy company's stock worth $9,391,000 after acquiring an additional 26,289 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Matador Resources during the 4th quarter worth about $251,000. UMB Bank n.a. increased its position in shares of Matador Resources by 109.1% during the 4th quarter. UMB Bank n.a. now owns 945 shares of the energy company's stock worth $53,000 after purchasing an additional 493 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock worth $29,000 after purchasing an additional 207 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Matador Resources by 33.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,528 shares of the energy company's stock worth $592,000 after purchasing an additional 2,627 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Bank of America assumed coverage on Matador Resources in a research report on Monday, May 19th. They set a "buy" rating and a $56.00 price objective for the company. Raymond James cut their price objective on Matador Resources from $77.00 to $67.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. Royal Bank of Canada dropped their target price on Matador Resources from $70.00 to $62.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Morgan Stanley dropped their target price on Matador Resources from $84.00 to $68.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Finally, KeyCorp dropped their target price on Matador Resources from $72.00 to $60.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $69.44.

Matador Resources Stock Down 2.1%

MTDR traded down $0.92 on Friday, reaching $43.12. The company's stock had a trading volume of 549,098 shares, compared to its average volume of 1,625,310. The stock has a 50 day moving average of $43.05 and a two-hundred day moving average of $51.72. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 6.02 and a beta of 1.47. Matador Resources has a fifty-two week low of $35.19 and a fifty-two week high of $66.89.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.25. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $980.87 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The firm's quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.71 earnings per share. As a group, analysts forecast that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 9th will be issued a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Friday, May 9th. Matador Resources's dividend payout ratio (DPR) is 16.78%.

Matador Resources declared that its board has initiated a share buyback plan on Wednesday, April 23rd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the energy company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Insider Activity at Matador Resources

In other news, CEO Joseph Wm Foran acquired 2,000 shares of Matador Resources stock in a transaction on Monday, March 3rd. The stock was bought at an average price of $48.55 per share, for a total transaction of $97,100.00. Following the completion of the purchase, the chief executive officer now owns 43,379 shares in the company, valued at $2,106,050.45. This represents a 4.83% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Van H. Singleton II acquired 1,000 shares of Matador Resources stock in a transaction on Thursday, May 1st. The stock was purchased at an average price of $40.72 per share, with a total value of $40,720.00. Following the purchase, the insider now owns 291,135 shares of the company's stock, valued at $11,855,017.20. The trade was a 0.34% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 21,850 shares of company stock valued at $931,694 over the last three months. 6.10% of the stock is owned by corporate insiders.

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.