Matador Resources (NYSE:MTDR) Stock Holdings Trimmed by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its position in Matador Resources (NYSE:MTDR) by 8.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 879,826 shares of the energy company’s stock after selling 79,724 shares during the period. Matador Resources makes up 0.7% of Segall Bryant & Hamill LLC’s investment portfolio, making the stock its 23rd largest position. Segall Bryant & Hamill LLC’s holdings in Matador Resources were worth $49,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Matador Resources by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company’s stock worth $706,375,000 after purchasing an additional 187,633 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Matador Resources in the 4th quarter worth about $1,367,000. Sei Investments Co. boosted its holdings in shares of Matador Resources by 43.2% in the 4th quarter. Sei Investments Co. now owns 131,136 shares of the energy company’s stock valued at $7,378,000 after buying an additional 39,550 shares during the period. American Century Companies Inc. grew its position in shares of Matador Resources by 3.7% during the 4th quarter. American Century Companies Inc. now owns 607,356 shares of the energy company’s stock valued at $34,170,000 after buying an additional 21,466 shares during the last quarter. Finally, Xponance Inc. raised its stake in Matador Resources by 5.2% during the fourth quarter. Xponance Inc. now owns 14,227 shares of the energy company’s stock worth $800,000 after acquiring an additional 705 shares during the period. 91.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MTDR shares. Mizuho decreased their target price 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. Stephens upped their price objective on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. TD Cowen raised their target price on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Raymond James lowered their price target on shares of Matador Resources from $77.00 to $67.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. Finally, Wolfe Research upgraded shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective on the stock in a research report on Friday, January 3rd. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.20.

Insider Activity

In related news, CAO Robert T. Macalik purchased 1,200 shares of Matador Resources stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $47.98 per share, with a total value of $57,576.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,000 shares of the company’s stock, valued at $1,487,380. This trade represents a 4.03 % 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 this hyperlink. Also, insider Van H. Singleton II acquired 2,000 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average cost of $53.21 per share, for a total transaction of $106,420.00. Following the completion of the transaction, the insider now directly owns 289,135 shares of the company’s stock, valued at $15,384,873.35. This represents a 0.70 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 21,350 shares of company stock worth $1,100,769 over the last quarter. Corporate insiders own 6.10% of the company’s stock.

Matador Resources Trading Up 2.8 %

NYSE:MTDR opened at $52.95 on Tuesday. The stock has a fifty day simple moving average of $55.21 and a 200 day simple moving average of $54.86. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 7.42 and a beta of 3.17. Matador Resources has a 1-year low of $43.89 and a 1-year high of $71.08. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). The firm had revenue of $970.37 million during the quarter, compared to analysts’ expectations of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. Sell-side analysts forecast 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 was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.3125 per share. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Friday, February 28th. Matador Resources’s payout ratio is 17.51%.

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.