5,204 Shares in Matador Resources (NYSE:MTDR) Acquired by Personal CFO Solutions LLC

Personal CFO Solutions LLC purchased a new position in shares of Matador Resources (NYSE:MTDR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,204 shares of the energy company’s stock, valued at approximately $293,000.

Several other large investors have also recently made changes to their positions in the company. Jackson Creek Investment Advisors LLC increased its position in shares of Matador Resources by 9.3% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 26,580 shares of the energy company’s stock worth $1,495,000 after purchasing an additional 2,268 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in shares of Matador Resources during the fourth quarter worth approximately $252,000. Raymond James Financial Inc. purchased a new stake in Matador Resources in the 4th quarter valued at $22,509,000. Arizona State Retirement System grew its holdings in Matador Resources by 0.8% in the 4th quarter. Arizona State Retirement System now owns 34,413 shares of the energy company’s stock valued at $1,936,000 after buying an additional 280 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Matador Resources in the 4th quarter valued at $5,085,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Matador Resources Price Performance

MTDR opened at $45.05 on Tuesday. The stock’s 50-day moving average price is $57.21 and its 200 day moving average price is $55.34. Matador Resources has a 12-month low of $43.89 and a 12-month high of $71.08. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 6.31 and a beta of 3.17.

Matador Resources (NYSE:MTDR) last posted its 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 analyst estimates of $967.10 million. As a group, sell-side analysts expect that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.3125 per share. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 28th. This represents a $1.25 annualized dividend and a yield of 2.77%. Matador Resources’s dividend payout ratio is presently 17.51%.

Analyst Ratings Changes

Several analysts have issued reports on MTDR shares. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a report on Wednesday, January 15th. Morgan Stanley started coverage on Matador Resources in a report on Friday, January 10th. They issued an “equal weight” rating and a $78.00 target price for the company. Stephens upped their target price on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Truist Financial upped their target price on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Mizuho dropped their target price on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.60.

Insider Buying and Selling

In related news, EVP William Thomas Elsener purchased 800 shares of Matador Resources stock in a transaction on Friday, December 13th. The shares were bought at an average price of $56.60 per share, with a total value of $45,280.00. Following the transaction, the executive vice president now directly owns 102,964 shares of the company’s stock, valued at approximately $5,827,762.40. This trade represents a 0.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Glenn W. Stetson purchased 1,000 shares of Matador Resources stock in a transaction on Friday, February 21st. The stock was bought at an average cost of $53.06 per share, for a total transaction of $53,060.00. Following the transaction, the executive vice president now directly owns 91,680 shares in the company, valued at $4,864,540.80. This represents a 1.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 21,530 shares of company stock valued at $1,119,092. Corporate insiders own 6.10% of the company’s stock.

About Matador Resources

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.