EverSource Wealth Advisors LLC Acquires 404 Shares of Matador Resources (NYSE:MTDR)

EverSource Wealth Advisors LLC raised its holdings in Matador Resources (NYSE:MTDR) by 38.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,451 shares of the energy company’s stock after acquiring an additional 404 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Matador Resources were worth $90,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MTDR. Vanguard Group Inc. raised its holdings in shares of Matador Resources by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company’s stock valued at $742,797,000 after purchasing an additional 103,713 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Matador Resources by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,028,782 shares of the energy company’s stock worth $229,083,000 after purchasing an additional 87,299 shares during the last quarter. Victory Capital Management Inc. grew its stake in Matador Resources by 6.3% in the fourth quarter. Victory Capital Management Inc. now owns 3,430,593 shares of the energy company’s stock valued at $195,064,000 after purchasing an additional 202,303 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Matador Resources by 31.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,206,041 shares of the energy company’s stock worth $125,435,000 after purchasing an additional 531,504 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Matador Resources by 11.8% during the first quarter. Clearbridge Investments LLC now owns 2,035,702 shares of the energy company’s stock valued at $135,924,000 after buying an additional 215,298 shares during the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Matador Resources

In other Matador Resources news, EVP Bryan A. Erman purchased 1,750 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were purchased at an average cost of $55.90 per share, with a total value of $97,825.00. Following the completion of the purchase, the executive vice president now owns 1,750 shares in the company, valued at approximately $97,825. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO Robert T. Macalik purchased 500 shares of Matador Resources stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $54.50 per share, for a total transaction of $27,250.00. Following the acquisition, the chief accounting officer now directly owns 29,300 shares in the company, valued at $1,596,850. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bryan A. Erman bought 1,750 shares of Matador Resources stock in a transaction on Friday, June 14th. The shares were purchased at an average cost of $55.90 per share, for a total transaction of $97,825.00. Following the completion of the purchase, the executive vice president now directly owns 1,750 shares of the company’s stock, valued at $97,825. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 4,250 shares of company stock valued at $236,995. 6.10% of the stock is owned by insiders.

Matador Resources Price Performance

NYSE MTDR traded up $0.90 during trading hours on Tuesday, reaching $53.83. The company’s stock had a trading volume of 665,187 shares, compared to its average volume of 1,536,826. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 7.34 and a beta of 3.29. The company’s 50-day moving average is $59.90 and its two-hundred day moving average is $61.59. 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 1-year low of $50.79 and a 1-year high of $71.08.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, July 23rd. The energy company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.29. The firm had revenue of $847.14 million for the quarter, compared to analyst estimates of $822.55 million. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The business’s revenue was up 32.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 EPS. On average, equities analysts predict that Matador Resources will post 7.87 EPS for the current year.

Matador Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, August 15th. Matador Resources’s dividend payout ratio is presently 10.96%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MTDR. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Matador Resources in a research report on Thursday, July 25th. KeyCorp increased their price objective on Matador Resources from $71.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Truist Financial dropped their target price on Matador Resources from $91.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Stephens decreased their price target on Matador Resources from $83.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, TD Cowen boosted their price target on Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.17.

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.