Avior Wealth Management LLC Increases Stock Holdings in Matador Resources (NYSE:MTDR)

Avior Wealth Management LLC boosted its position in shares of Matador Resources (NYSE:MTDR) by 329.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 828 shares of the energy company’s stock after purchasing an additional 635 shares during the period. Avior Wealth Management LLC’s holdings in Matador Resources were worth $41,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MTDR. Securian Asset Management Inc. grew its holdings in shares of Matador Resources by 1.9% during the 2nd quarter. Securian Asset Management Inc. now owns 9,255 shares of the energy company’s stock worth $552,000 after purchasing an additional 170 shares during the period. Raymond James Trust N.A. boosted its stake in Matador Resources by 3.6% during the second quarter. Raymond James Trust N.A. now owns 5,714 shares of the energy company’s stock worth $341,000 after buying an additional 198 shares during the period. Fifth Third Bancorp increased its position in shares of Matador Resources by 16.6% during the second quarter. Fifth Third Bancorp now owns 1,709 shares of the energy company’s stock valued at $102,000 after acquiring an additional 243 shares during the last quarter. Quarry LP increased its position in shares of Matador Resources by 47.5% during the second quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after acquiring an additional 251 shares during the last quarter. Finally, Greenleaf Trust raised its stake in shares of Matador Resources by 3.8% in the 3rd quarter. Greenleaf Trust now owns 7,086 shares of the energy company’s stock valued at $350,000 after acquiring an additional 260 shares during the period. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Glenn W. Stetson purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were purchased at an average cost of $51.33 per share, for a total transaction of $51,330.00. Following the purchase, the executive vice president now directly owns 85,935 shares of the company’s stock, valued at $4,411,043.55. The trade was a 1.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian J. Willey acquired 1,500 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was bought at an average price of $50.50 per share, with a total value of $75,750.00. Following the purchase, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at $75,750. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 11,105 shares of company stock valued at $562,306 in the last ninety days. Insiders own 6.10% of the company’s stock.

Matador Resources Stock Down 2.8 %

MTDR stock opened at $59.19 on Tuesday. The company’s 50 day moving average price is $53.66 and its 200 day moving average price is $56.71. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 7.84 and a beta of 3.26. Matador Resources has a fifty-two week low of $47.15 and a fifty-two week high of $71.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The company had revenue of $770.20 million for the quarter, compared to the consensus estimate of $836.69 million. During the same period in the prior year, the firm posted $1.86 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts anticipate that Matador Resources will post 7.5 EPS for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 1.69%. Matador Resources’s dividend payout ratio (DPR) is currently 13.25%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a research report on Wednesday, October 23rd. Truist Financial dropped their price objective on Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Stephens increased their target price on Matador Resources from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company lowered their target price on Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Finally, KeyCorp cut their price target on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.92.

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.