Matador Resources Company (NYSE:MTDR) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Matador Resources Company (NYSE:MTDR - Free Report) by 316.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,484 shares of the energy company's stock after acquiring an additional 11,764 shares during the quarter. SG Americas Securities LLC's holdings in Matador Resources were worth $791,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MTDR. Altshuler Shaham Ltd acquired a new position in Matador Resources during the 4th quarter valued at approximately $25,000. TCTC Holdings LLC increased its stake in Matador Resources by 53.8% during the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Matador Resources by 108.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock valued at $28,000 after purchasing an additional 256 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in Matador Resources by 359.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock valued at $33,000 after purchasing an additional 453 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in Matador Resources by 90.2% during the 4th quarter. First Horizon Advisors Inc. now owns 858 shares of the energy company's stock valued at $48,000 after purchasing an additional 407 shares in the last quarter. Institutional investors own 91.98% of the company's stock.

Matador Resources Trading Down 4.5%

Matador Resources stock traded down $2.32 during trading on Monday, hitting $49.05. The company had a trading volume of 1,859,150 shares, compared to its average volume of 1,619,060. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 6.58 and a beta of 1.46. The company has a current ratio of 0.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.56. Matador Resources Company has a 1-year low of $35.19 and a 1-year high of $66.89. The company's 50 day simple moving average is $44.25 and its 200-day simple moving average is $50.36.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its 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 company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $980.87 million. Matador Resources had a return on equity of 18.45% and a net margin of 24.97%. The firm's quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.71 earnings per share. As a group, analysts expect that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources declared that its board has initiated a stock repurchase plan on Wednesday, April 23rd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the energy company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 9th were given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Friday, May 9th. Matador Resources's dividend payout ratio is currently 16.78%.

Insider Transactions at Matador Resources

In other news, COO Christopher P. Calvert bought 1,500 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was purchased at an average price of $41.13 per share, for a total transaction of $61,695.00. Following the completion of the purchase, the chief operating officer now owns 36,500 shares in the company, valued at approximately $1,501,245. This trade represents a 4.29% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph Wm Foran bought 5,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were purchased at an average price of $40.86 per share, with a total value of $204,300.00. Following the purchase, the chief executive officer now owns 50,756 shares of the company's stock, valued at approximately $2,073,890.16. This represents a 10.93% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 14,850 shares of company stock valued at $601,103. 5.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MTDR has been the topic of a number of research reports. UBS Group initiated coverage on shares of Matador Resources in a research note on Tuesday, April 22nd. They issued a "neutral" rating and a $47.00 price objective on the stock. Mizuho cut their price objective on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. JPMorgan Chase & Co. cut their price objective on shares of Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Royal Bank Of Canada cut their price objective on shares of Matador Resources from $70.00 to $62.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, Morgan Stanley cut their price objective on shares of Matador Resources from $84.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $69.06.

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.