Burford Brothers Inc. Has $1.27 Million Stock Position in Matador Resources (NYSE:MTDR)

Burford Brothers Inc. reduced its position in Matador Resources (NYSE:MTDR) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,626 shares of the energy company’s stock after selling 1,262 shares during the period. Burford Brothers Inc.’s holdings in Matador Resources were worth $1,266,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new position in Matador Resources during the first quarter valued at approximately $828,000. Prevail Innovative Wealth Advisors LLC grew its stake in Matador Resources by 28.6% in the first quarter. Prevail Innovative Wealth Advisors LLC now owns 37,163 shares of the energy company’s stock valued at $2,481,000 after purchasing an additional 8,254 shares in the last quarter. Capstone Investment Advisors LLC grew its stake in Matador Resources by 1,029.1% in the first quarter. Capstone Investment Advisors LLC now owns 76,032 shares of the energy company’s stock valued at $5,077,000 after purchasing an additional 69,298 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Matador Resources by 5.1% during the 1st 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 in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Matador Resources by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company’s stock valued at $742,797,000 after buying an additional 103,713 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Trading Down 1.1 %

Shares of Matador Resources stock opened at $51.81 on Friday. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The company’s fifty day simple moving average is $52.74 and its 200-day simple moving average is $58.20. 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 has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.41.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.11. Matador Resources had a net margin of 27.45% and a return on equity of 20.63%. The company had revenue of $770.20 million for the quarter, compared to the consensus estimate of $836.69 million. During the same quarter in the previous year, the firm posted $1.86 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts expect 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 issued a $0.25 dividend. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.93%. Matador Resources’s dividend payout ratio is 10.60%.

Analyst Ratings Changes

Several research firms have commented on MTDR. Truist Financial decreased their target price on shares of Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Wolfe Research assumed coverage on shares of Matador Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Capital One Financial raised Matador Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $80.00 to $84.00 in a research report on Thursday, July 25th. TD Cowen increased 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. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a report on Thursday. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and a consensus target price of $75.31.

Insiders Place Their Bets

In other news, CAO Robert T. Macalik acquired 500 shares of the stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $54.50 per share, for a total transaction of $27,250.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Matador Resources news, CAO Robert T. Macalik bought 500 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $54.50 per share, for a total transaction of $27,250.00. Following the transaction, the chief accounting officer now owns 29,300 shares in the company, valued at approximately $1,596,850. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Joseph Wm Foran bought 2,500 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average cost of $49.97 per share, for a total transaction of $124,925.00. Following the purchase, the chief executive officer now owns 40,251 shares of the company’s stock, valued at $2,011,342.47. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 12,300 shares of company stock worth $634,615. 6.10% of the stock is currently owned by company insiders.

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.