Sequoia Financial Advisors LLC Acquires Shares of 14,838 Matador Resources Company $MTDR

Key Points

• Sequoia Financial Advisors LLC acquired 14,838 shares of Matador Resources Company valued at approximately $708,000 during the 2nd quarter, indicating significant institutional interest in the energy sector.
• Matador Resources reported $1.53 EPS for the last quarter, exceeding analyst expectations, with an annual revenue increase of 8.2%.
• The company announced an increase in its quarterly dividend to $0.375, with an ex-dividend date of November 10th, representing a yield of 3.5%.

Sequoia Financial Advisors LLC acquired a new stake in shares of Matador Resources Company (NYSE:MTDR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,838 shares of the energy company's stock, valued at approximately $708,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. D.A. Davidson & CO. acquired a new stake in Matador Resources during the first quarter valued at approximately $263,000. GAMMA Investing LLC raised its stake in Matador Resources by 42.8% during the first quarter. GAMMA Investing LLC now owns 2,698 shares of the energy company's stock valued at $138,000 after buying an additional 809 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Matador Resources during the first quarter valued at approximately $885,000. OneDigital Investment Advisors LLC acquired a new stake in Matador Resources during the first quarter valued at approximately $200,000. Finally, Penserra Capital Management LLC raised its position in shares of Matador Resources by 89.9% during the 1st quarter. Penserra Capital Management LLC now owns 15,570 shares of the energy company's stock worth $795,000 after purchasing an additional 7,369 shares during the period. Institutional investors and hedge funds own 91.98% of the company's stock.

Matador Resources Stock Performance

Shares of MTDR stock opened at $43.00 on Friday. Matador Resources Company has a 12-month low of $35.19 and a 12-month high of $64.04. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 6.30 and a beta of 1.41. The business has a 50 day simple moving average of $46.80 and a 200 day simple moving average of $46.14. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.81.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The energy company reported $1.53 earnings per share (EPS) for the quarter, topping 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 business had revenue of $895.31 million during the quarter, compared to analyst estimates of $892.86 million. During the same period in the prior year, the company posted $2.05 EPS. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities research analysts anticipate that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 10th will be issued a $0.375 dividend. This is a positive change from Matador Resources's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.50 dividend on an annualized basis and a yield of 3.5%. Matador Resources's dividend payout ratio is currently 18.30%.

Analyst Upgrades and Downgrades

MTDR has been the topic of a number of research reports. Raymond James Financial increased their price target on Matador Resources from $60.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Morgan Stanley dropped their price target on Matador Resources from $62.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 14th. TD Cowen upgraded Matador Resources to a "strong-buy" rating in a research report on Monday, July 7th. Bank of America dropped their price target on Matador Resources from $56.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Mizuho dropped their price target on Matador Resources from $69.00 to $67.00 and set an "outperform" rating on the stock in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Matador Resources currently has an average rating of "Moderate Buy" and an average target price of $66.36.

Insider Buying and Selling at Matador Resources

In other news, COO Christopher P. Calvert purchased 1,000 shares of the firm's stock in a transaction on Friday, September 12th. The stock was purchased at an average cost of $47.77 per share, with a total value of $47,770.00. Following the purchase, the chief operating officer owned 37,500 shares in the company, valued at $1,791,375. This trade represents a 2.74% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William Thomas Elsener purchased 600 shares of the firm's stock in a transaction on Thursday, September 11th. The shares were purchased at an average cost of $48.46 per share, with a total value of $29,076.00. Following the completion of the purchase, the executive vice president owned 112,069 shares in the company, valued at $5,430,863.74. This represents a 0.54% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 11,380 shares of company stock valued at $549,188. 5.80% of the stock is owned by corporate insiders.

About Matador Resources

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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