SG Americas Securities LLC Sells 2,492 Shares of Matador Resources (NYSE:MTDR)

SG Americas Securities LLC cut its holdings in shares of Matador Resources (NYSE:MTDR) by 30.5% in the 3rd quarter, Holdings Channel reports. The firm owned 5,671 shares of the energy company’s stock after selling 2,492 shares during the period. SG Americas Securities LLC’s holdings in Matador Resources were worth $280,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Matador Resources by 0.9% during the first quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company’s stock worth $742,797,000 after purchasing an additional 103,713 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Matador Resources by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock worth $282,196,000 after purchasing an additional 356,506 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Matador Resources by 10.5% during the second quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company’s stock worth $134,102,000 after purchasing an additional 214,334 shares during the last quarter. Wasatch Advisors LP lifted its stake in Matador Resources by 7.3% during the first quarter. Wasatch Advisors LP now owns 1,176,802 shares of the energy company’s stock worth $78,575,000 after purchasing an additional 79,920 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Matador Resources by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,104,791 shares of the energy company’s stock worth $73,768,000 after purchasing an additional 53,322 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Stock Performance

Shares of MTDR stock opened at $51.54 on Monday. The stock has a market capitalization of $6.43 billion, a PE ratio of 7.06 and a beta of 3.26. The business’s 50 day simple moving average is $53.24 and its 200 day simple moving average is $58.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.82. Matador Resources has a one year low of $47.15 and a one year high of $71.08.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, July 23rd. The energy company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.29. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The company had revenue of $847.14 million for the quarter, compared to analyst estimates of $822.55 million. During the same period in the prior year, the firm posted $1.42 EPS. The company’s quarterly revenue was up 32.8% on a year-over-year basis. As a group, research analysts forecast that Matador Resources will post 7.4 earnings per share for the current 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 issued 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 yield of 1.94%. The ex-dividend date is Friday, November 15th. Matador Resources’s dividend payout ratio (DPR) is presently 13.70%.

Insiders Place Their Bets

In other Matador Resources news, CFO Brian J. Willey acquired 1,500 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were bought at an average cost 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Matador Resources news, CFO Brian J. Willey bought 1,500 shares of the stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $50.50 per share, for a total transaction of $75,750.00. Following the completion of the acquisition, the chief financial officer now owns 1,500 shares in the company, valued at $75,750. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Bryan A. Erman purchased 1,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $50.35 per share, for a total transaction of $50,350.00. Following the completion of the acquisition, the executive vice president now directly owns 2,750 shares in the company, valued at approximately $138,462.50. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 12,300 shares of company stock worth $634,615. Company insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wells Fargo & Company cut their target price on Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. TD Cowen raised their price objective on Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. BMO Capital Markets upped their target price on Matador Resources from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Stephens increased their target price on Matador Resources from $74.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Finally, Mizuho reduced their price target on Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.54.

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.