Greenleaf Trust Has $350,000 Stock Position in Matador Resources (NYSE:MTDR)

Greenleaf Trust boosted its position in Matador Resources (NYSE:MTDR) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,086 shares of the energy company’s stock after acquiring an additional 260 shares during the period. Greenleaf Trust’s holdings in Matador Resources were worth $350,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MTDR. Signaturefd LLC lifted its holdings in shares of Matador Resources by 26.8% in the 3rd quarter. Signaturefd LLC now owns 2,685 shares of the energy company’s stock worth $133,000 after purchasing an additional 568 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in Matador Resources during the third quarter worth $202,000. Carolina Wealth Advisors LLC bought a new position in shares of Matador Resources in the third quarter valued at $78,000. Raymond James & Associates grew its holdings in shares of Matador Resources by 8.3% during the third quarter. Raymond James & Associates now owns 217,895 shares of the energy company’s stock valued at $10,768,000 after buying an additional 16,681 shares during the last quarter. Finally, nVerses Capital LLC increased its position in shares of Matador Resources by 8,600.0% during the third quarter. nVerses Capital LLC now owns 8,700 shares of the energy company’s stock worth $430,000 after acquiring an additional 8,600 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insider Activity

In other Matador Resources news, CAO Robert T. Macalik acquired 500 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $54.50 per share, with a total value of $27,250.00. Following the completion of the acquisition, the chief accounting officer now owns 29,300 shares in the company, valued at $1,596,850. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Matador Resources news, CAO Robert T. Macalik purchased 500 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average cost of $54.50 per share, with a total value of $27,250.00. Following the acquisition, the chief accounting officer now owns 29,300 shares in the company, valued at approximately $1,596,850. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph Wm Foran acquired 2,000 shares of Matador Resources stock in a transaction dated Friday, August 2nd. The shares were bought at an average price of $55.96 per share, for a total transaction of $111,920.00. Following the transaction, the chief executive officer now owns 35,251 shares of the company’s stock, valued at approximately $1,972,645.96. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 12,300 shares of company stock valued at $634,615 in the last quarter. 6.10% of the stock is currently owned by insiders.

Matador Resources Stock Down 1.1 %

Shares of Matador Resources stock opened at $51.81 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 0.41. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 6.86 and a beta of 3.26. The company’s 50 day moving average is $52.74 and its 200 day moving average is $58.20.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.11. Matador Resources had a return on equity of 20.63% and a net margin of 27.45%. The firm had revenue of $770.20 million for the quarter, compared to analysts’ expectations of $836.69 million. During the same period in the prior year, the firm earned $1.86 EPS. The company’s revenue was up 9.8% compared to the same quarter last year. Research analysts anticipate that Matador Resources will post 7.41 EPS for the current year.

Matador Resources Increases Dividend

The company 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 dividend of $0.25 per share. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources’s payout ratio is currently 10.60%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Benchmark restated a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a report on Wednesday. Capital One Financial raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $80.00 to $84.00 in a report on Thursday, July 25th. TD Cowen increased their target price on shares of Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Wells Fargo & Company dropped their price target on shares of Matador Resources from $89.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Matador Resources from $83.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $75.31.

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.