Segall Bryant & Hamill LLC Has $33.45 Million Stock Position in Matador Resources Company (NYSE:MTDR)

Segall Bryant & Hamill LLC lessened its holdings in shares of Matador Resources Company (NYSE:MTDR - Free Report) by 25.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 654,746 shares of the energy company's stock after selling 225,080 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.52% of Matador Resources worth $33,451,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in Matador Resources during the fourth quarter worth $25,000. EverSource Wealth Advisors LLC boosted 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. TCTC Holdings LLC grew its stake in Matador Resources by 53.8% in the 4th 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 period. Opal Wealth Advisors LLC acquired a new position in Matador Resources in the 1st quarter valued at $28,000. Finally, Rakuten Securities Inc. lifted its stake in shares of Matador Resources by 9,090.9% during the 1st quarter. Rakuten Securities Inc. now owns 1,011 shares of the energy company's stock worth $52,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 91.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MTDR shares. UBS Group raised their price target on Matador Resources from $46.00 to $48.00 and gave the stock a "neutral" rating in a research note on Thursday. Bank of America started coverage on shares of Matador Resources in a research note on Monday, May 19th. They set a "buy" rating and a $56.00 price target on the stock. Royal Bank Of Canada cut their price objective on Matador Resources from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. TD Cowen raised shares of Matador Resources to a "strong-buy" rating in a research report on Monday, July 7th. Finally, KeyCorp reduced their price target on shares of Matador Resources from $72.00 to $60.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Matador Resources currently has an average rating of "Moderate Buy" and an average target price of $69.13.

Matador Resources Stock Performance

NYSE:MTDR traded up $1.63 during midday trading on Thursday, reaching $51.72. 925,905 shares of the company traded hands, compared to its average volume of 1,564,600. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 6.95 and a beta of 1.46. The company has a fifty day moving average price of $47.50 and a 200 day moving average price of $49.85. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.79 and a quick ratio of 0.76. Matador Resources Company has a twelve month low of $35.19 and a twelve month 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 the consensus estimate of $1.74 by $0.25. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $980.87 million. Matador Resources had a net margin of 24.97% and a return on equity of 18.45%. The company's revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 earnings per share. On average, analysts expect that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.42%. Matador Resources's dividend payout ratio (DPR) is presently 16.78%.

Matador Resources announced that its Board of Directors has authorized a share buyback plan on Wednesday, April 23rd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the energy company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In related news, CEO Joseph Wm Foran acquired 5,000 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were acquired at an average cost of $40.86 per share, for a total transaction of $204,300.00. Following the completion of the purchase, the chief executive officer directly owned 50,756 shares in the company, valued at $2,073,890.16. This trade represents a 10.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Glenn W. Stetson acquired 1,000 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was bought at an average price of $41.53 per share, with a total value of $41,530.00. Following the completion of the acquisition, the executive vice president directly owned 93,180 shares of the company's stock, valued at approximately $3,869,765.40. This represents a 1.08% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 14,850 shares of company stock worth $601,103. 5.80% of the stock is owned by company 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.