EverSource Wealth Advisors LLC Acquires 256 Shares of Matador Resources (NYSE:MTDR)

EverSource Wealth Advisors LLC grew its holdings in shares of Matador Resources (NYSE:MTDR) by 108.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 492 shares of the energy company’s stock after acquiring an additional 256 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Matador Resources were worth $28,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MTDR. MassMutual Private Wealth & Trust FSB raised its position in Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after purchasing an additional 207 shares during the period. SRS Capital Advisors Inc. increased its holdings in shares of Matador Resources by 359.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after buying an additional 453 shares during the period. True Wealth Design LLC purchased a new position in shares of Matador Resources in the third quarter worth about $37,000. Denver PWM LLC lifted its stake in shares of Matador Resources by 67.2% in the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock valued at $37,000 after acquiring an additional 303 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in Matador Resources by 329.0% during the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after acquiring an additional 635 shares during the period. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Price Performance

MTDR opened at $52.29 on Friday. Matador Resources has a 12-month low of $43.89 and a 12-month high of $71.08. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 7.32 and a beta of 3.17. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The stock has a fifty day simple moving average of $55.58 and a two-hundred day simple moving average of $54.86.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The business had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Research analysts predict that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 2.39%. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 28th. Matador Resources’s payout ratio is 17.51%.

Insider Transactions at Matador Resources

In other news, CAO Robert T. Macalik purchased 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $47.98 per share, for a total transaction of $57,576.00. Following the purchase, the chief accounting officer now directly owns 31,000 shares in the company, valued at approximately $1,487,380. This trade represents a 4.03 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy E. Parker acquired 2,000 shares of Matador Resources stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $44.67 per share, with a total value of $89,340.00. Following the completion of the purchase, the director now owns 83,790 shares in the company, valued at $3,742,899.30. This represents a 2.45 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 21,350 shares of company stock valued at $1,100,769. Insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Raymond James lowered their price objective on Matador Resources from $77.00 to $67.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target for the company in a research report on Friday, January 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a research report on Wednesday, January 15th. Truist Financial increased their target price on shares of Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Benchmark restated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a report on Friday, January 17th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.20.

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.