Nomura Holdings Inc. Buys New Holdings in Matador Resources (NYSE:MTDR)

Nomura Holdings Inc. bought a new stake in Matador Resources (NYSE:MTDR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 15,397 shares of the energy company's stock, valued at approximately $866,000.

Other hedge funds have also bought and sold shares of the company. TCTC Holdings LLC lifted 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 acquiring an additional 175 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock worth $29,000 after acquiring an additional 207 shares during the last quarter. Atria Investments Inc lifted its position in Matador Resources by 3.1% during the fourth quarter. Atria Investments Inc now owns 8,188 shares of the energy company's stock worth $461,000 after acquiring an additional 249 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in 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. Finally, Arizona State Retirement System lifted its position in Matador Resources by 0.8% during the fourth quarter. Arizona State Retirement System now owns 34,413 shares of the energy company's stock worth $1,936,000 after acquiring an additional 280 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Royal Bank of Canada lowered their target price on shares of Matador Resources from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company lowered their target price on shares of Matador Resources from $86.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Bank of America assumed coverage on shares of Matador Resources in a report on Monday. They set a "buy" rating and a $56.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on shares of Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Finally, Stephens lowered their target price on shares of Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $69.44.

Matador Resources Stock Performance

Shares of NYSE:MTDR opened at $44.26 on Tuesday. The company's 50 day simple moving average is $44.16 and its 200 day simple moving average is $52.32. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 6.20 and a beta of 1.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. Matador Resources has a 1 year low of $35.19 and a 1 year high of $66.89.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $980.87 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The firm's quarterly revenue was up 28.7% compared to the same quarter last year. During the same period last year, the firm posted $1.71 earnings per share. As a group, research analysts predict that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.3125 per share. The ex-dividend date is Friday, May 9th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.82%. Matador Resources's payout ratio is presently 16.78%.

Matador Resources declared that its Board of Directors has approved a share repurchase program on Wednesday, April 23rd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the energy company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In related news, CEO Joseph Wm Foran bought 2,500 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were purchased at an average price of $39.63 per share, with a total value of $99,075.00. Following the completion of the purchase, the chief executive officer now owns 60,756 shares in the company, valued at $2,407,760.28. This represents a 4.29% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Van H. Singleton II bought 2,000 shares of the firm's stock in a transaction on Friday, February 21st. The shares were bought at an average cost of $53.21 per share, for a total transaction of $106,420.00. Following the purchase, the insider now owns 289,135 shares of the company's stock, valued at approximately $15,384,873.35. The trade was a 0.70% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 36,200 shares of company stock valued at $1,701,872. 6.10% of the stock is currently owned by insiders.

Matador Resources 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.

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