Venturi Wealth Management LLC Increases Holdings in Matador Resources (NYSE:MTDR)

Venturi Wealth Management LLC increased its stake in Matador Resources (NYSE:MTDR) by 134.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,750 shares of the energy company’s stock after purchasing an additional 2,150 shares during the quarter. Venturi Wealth Management LLC’s holdings in Matador Resources were worth $211,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MTDR. Raymond James & Associates grew its position in shares of Matador Resources by 8.3% in the third quarter. Raymond James & Associates now owns 217,895 shares of the energy company’s stock valued at $10,768,000 after purchasing an additional 16,681 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in shares of Matador Resources in the third quarter valued at $202,000. Signaturefd LLC grew its position in shares of Matador Resources by 26.8% in the third quarter. Signaturefd LLC now owns 2,685 shares of the energy company’s stock valued at $133,000 after purchasing an additional 568 shares in the last quarter. Greenleaf Trust grew its position in shares of Matador Resources by 3.8% in the third quarter. Greenleaf Trust now owns 7,086 shares of the energy company’s stock valued at $350,000 after purchasing an additional 260 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Matador Resources by 43.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,517 shares of the energy company’s stock valued at $520,000 after purchasing an additional 3,181 shares in the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MTDR shares. Wells Fargo & Company lifted their price target on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective for the company in a research note on Friday, January 3rd. Morgan Stanley began coverage on Matador Resources in a research note on Friday, January 10th. They set an “equal weight” rating and a $78.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research note on Wednesday, January 15th. Finally, Mizuho dropped their price objective on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Matador Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.14.

Matador Resources Trading Down 6.0 %

Shares of MTDR stock opened at $53.10 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $58.17 and a two-hundred day moving average price of $55.79. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08. The firm has a market cap of $6.62 billion, a P/E ratio of 7.44 and a beta of 3.22.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The firm had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Equities analysts anticipate that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a yield of 2.35%. Matador Resources’s dividend payout ratio is currently 14.01%.

Insider Activity at Matador Resources

In related news, EVP William Thomas Elsener bought 800 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the acquisition, the executive vice president now directly owns 102,964 shares of the company’s stock, valued at $5,827,762.40. The trade was a 0.78 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph Wm Foran purchased 2,000 shares of the stock in a transaction on Friday, December 6th. The shares were acquired at an average cost of $55.18 per share, with a total value of $110,360.00. Following the transaction, the chief executive officer now directly owns 42,251 shares in the company, valued at $2,331,410.18. The trade was a 4.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 2,980 shares of company stock worth $165,988 in the last ninety days. 6.10% of the stock is owned by company insiders.

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.