Sanctuary Advisors LLC Buys Shares of 6,078 Matador Resources (NYSE:MTDR)

Sanctuary Advisors LLC purchased a new stake in shares of Matador Resources (NYSE:MTDR) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 6,078 shares of the energy company’s stock, valued at approximately $300,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Matador Resources by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock worth $282,196,000 after acquiring an additional 356,506 shares during the period. Victory Capital Management Inc. boosted its holdings in Matador Resources by 2.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company’s stock valued at $136,009,000 after purchasing an additional 72,077 shares during the period. Clearbridge Investments LLC grew its position in shares of Matador Resources by 10.5% during the 2nd quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company’s stock valued at $134,102,000 after purchasing an additional 214,334 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Matador Resources by 1.9% in the third quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock worth $99,297,000 after purchasing an additional 36,921 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Matador Resources by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,926 shares of the energy company’s stock worth $70,914,000 after buying an additional 57,254 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Glenn W. Stetson acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were purchased at an average price of $51.33 per share, for a total transaction of $51,330.00. Following the completion of the transaction, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph Wm Foran bought 2,000 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were purchased at an average price of $55.18 per share, with a total value of $110,360.00. Following the completion of the acquisition, the chief executive officer now owns 42,251 shares of the company’s stock, valued at $2,331,410.18. This trade represents a 4.97 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 4,285 shares of company stock valued at $232,849. 6.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on MTDR shares. Truist Financial reduced their target price on Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, September 30th. KeyCorp decreased their price objective on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research note on Friday, December 6th. Benchmark reissued a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a research note on Wednesday, October 23rd. Finally, TD Cowen raised their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $74.38.

Matador Resources Stock Performance

Matador Resources stock opened at $54.32 on Friday. The firm has a fifty day simple moving average of $55.72 and a two-hundred day simple moving average of $55.98. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08. The company has a market capitalization of $6.78 billion, a PE ratio of 7.19 and a beta of 3.26.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.78 by $0.11. The firm had revenue of $770.20 million for the quarter, compared to the consensus estimate of $836.69 million. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 earnings per share. Research analysts expect that Matador Resources will post 7.49 EPS for the current year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.84%. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s payout ratio is presently 13.25%.

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.