Ieq Capital LLC Raises Position in Matador Resources (NYSE:MTDR)

Ieq Capital LLC boosted its position in Matador Resources (NYSE:MTDR) by 919.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,649 shares of the energy company’s stock after purchasing an additional 47,487 shares during the period. Ieq Capital LLC’s holdings in Matador Resources were worth $2,962,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MTDR. Venturi Wealth Management LLC lifted its position in shares of Matador Resources by 134.4% during the 4th quarter. Venturi Wealth Management LLC now owns 3,750 shares of the energy company’s stock valued at $211,000 after buying an additional 2,150 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in Matador Resources during the fourth quarter valued at about $209,000. Sanctuary Advisors LLC boosted its position in Matador Resources by 20.4% during the fourth quarter. Sanctuary Advisors LLC now owns 7,316 shares of the energy company’s stock worth $436,000 after purchasing an additional 1,238 shares during the period. James Investment Research Inc. increased its stake in shares of Matador Resources by 5.6% in the fourth quarter. James Investment Research Inc. now owns 60,985 shares of the energy company’s stock worth $3,431,000 after purchasing an additional 3,226 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Matador Resources by 1.9% in the fourth quarter. Rhumbline Advisers now owns 309,022 shares of the energy company’s stock valued at $17,386,000 after purchasing an additional 5,716 shares during the period. 91.98% of the stock is owned by institutional investors.

Insider Activity

In other Matador Resources news, EVP William Thomas Elsener acquired 800 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $56.60 per share, with a total value of $45,280.00. Following the purchase, the executive vice president now 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 legal filing with the SEC, which is available at this link. Also, CEO Joseph Wm Foran bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was acquired at an average price of $55.18 per share, for a total transaction of $110,360.00. Following the transaction, the chief executive officer now owns 42,251 shares in the company, valued at $2,331,410.18. This trade represents a 4.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 2,980 shares of company stock worth $165,988. 6.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on MTDR. Mizuho cut their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Wolfe Research upgraded Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target for the company in a research report on Friday, January 3rd. Wells Fargo & Company boosted their price objective on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. cut their target price on Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, TD Cowen upped their price target on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.14.

Matador Resources Trading Down 6.0 %

Shares of MTDR opened at $53.10 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The company has a market capitalization of $6.62 billion, a P/E ratio of 7.44 and a beta of 3.22. The firm’s 50 day simple moving average is $58.17 and its 200 day simple moving average is $55.81.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The company had revenue of $970.37 million for the quarter, compared to the consensus estimate 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 fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.3125 dividend. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Friday, February 28th. Matador Resources’s dividend payout ratio is presently 14.01%.

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.