Personal CFO Solutions LLC Buys Shares of 5,204 Matador Resources (NYSE:MTDR)

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTDR. MassMutual Private Wealth & Trust FSB grew its stake in shares of Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after acquiring an additional 207 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in shares of Matador Resources by 359.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after acquiring an additional 453 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of Matador Resources during the third quarter worth about $37,000. Denver PWM LLC grew its stake in shares of Matador Resources by 67.2% during the third quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock worth $37,000 after acquiring an additional 303 shares during the last quarter. Finally, Avior Wealth Management LLC grew its stake in shares of Matador Resources by 329.0% during the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock worth $41,000 after acquiring an additional 635 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Trading Down 0.5 %

Shares of NYSE:MTDR opened at $45.05 on Tuesday. Matador Resources has a 12-month low of $43.89 and a 12-month high of $71.08. The company has a market capitalization of $5.64 billion, a PE ratio of 6.31 and a beta of 3.17. The business has a 50 day moving average of $57.21 and a two-hundred day moving average of $55.34. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results 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). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The company had revenue of $970.37 million during the quarter, compared to analyst estimates of $967.10 million. As a group, analysts forecast that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

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

Insider Transactions at Matador Resources

In other Matador Resources news, Director Paul W. Harvey bought 600 shares of Matador Resources stock in a transaction dated Friday, February 21st. The stock was acquired at an average cost of $55.20 per share, with a total value of $33,120.00. Following the purchase, the director now directly owns 27,917 shares in the company, valued at $1,541,018.40. This represents a 2.20 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Timothy E. Parker bought 2,000 shares of Matador Resources stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $44.67 per share, with a total value of $89,340.00. Following the completion of the purchase, the director now owns 83,790 shares in the company, valued at approximately $3,742,899.30. This trade represents a 2.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 21,530 shares of company stock valued at $1,119,092 in the last three months. 6.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. TD Cowen boosted their price target on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Benchmark restated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research note on Friday, January 17th. Morgan Stanley started coverage on Matador Resources in a research note on Friday, January 10th. They set an “equal weight” rating and a $78.00 price target on the stock. Truist Financial upped their target price on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research 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 on the stock in a research report on Monday, December 16th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $74.60.

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.