Matador Resources Company $MTDR Position Trimmed by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. decreased its holdings in Matador Resources Company (NYSE:MTDR) by 32.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,348 shares of the energy company’s stock after selling 31,401 shares during the quarter. Jefferies Financial Group Inc. owned 0.05% of Matador Resources worth $3,422,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MTDR. Hsbc Holdings PLC increased its position in Matador Resources by 935.4% during the second quarter. Hsbc Holdings PLC now owns 56,096 shares of the energy company’s stock worth $2,824,000 after buying an additional 50,678 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in Matador Resources in the 2nd quarter worth approximately $605,000. Quantbot Technologies LP acquired a new stake in Matador Resources in the 2nd quarter worth approximately $3,682,000. BlackRock Inc. acquired a new position in Matador Resources during the second quarter valued at approximately $573,936,000. Finally, Morningstar Investment Management LLC bought a new position in shares of Matador Resources in the first quarter valued at approximately $2,630,000. Institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Performance

MTDR opened at $52.79 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 0.67. The stock’s 50 day moving average price is $55.64 and its two-hundred day moving average price is $54.68. The firm has a market capitalization of $6.53 billion, a P/E ratio of 9.10 and a beta of 0.93. Matador Resources Company has a 12-month low of $39.55 and a 12-month high of $66.84.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, November 3rd. The energy company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.23. Matador Resources had a net margin of 18.60% and a return on equity of 14.32%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The business’s revenue was up 33.9% compared to the same quarter last year. On average, equities analysts forecast that Matador Resources Company will post 8.34 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Tuesday, November 10th will be paid a $0.4375 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This is an increase from Matador Resources’s previous quarterly dividend of $0.3750. This represents a $1.75 dividend on an annualized basis and a yield of 3.3%. Matador Resources’s payout ratio is presently 30.17%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group reduced their price objective on shares of Matador Resources from $64.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday. Scotiabank initiated coverage on shares of Matador Resources in a research note on Thursday, October 15th. They issued a “sector perform” rating and a $59.00 target price on the stock. Mizuho dropped their target price on shares of Matador Resources from $77.00 to $71.00 and set an “outperform” rating on the stock in a report on Monday, October 19th. Citigroup dropped their target price on shares of Matador Resources from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Finally, Wall Street Zen raised shares of Matador Resources from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 7th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.00.

Insider Transactions at Matador Resources

In other Matador Resources news, EVP William Elsener purchased 900 shares of the business’s stock in a transaction on Thursday, November 5th. The stock was purchased at an average price of $51.48 per share, for a total transaction of $46,332.00. Following the completion of the purchase, the executive vice president directly owned 115,779 shares in the company, valued at approximately $5,960,302.92. This trade represents a 0.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph Foran acquired 5,000 shares of the stock in a transaction dated Thursday, November 5th. The stock was bought at an average price of $51.36 per share, for a total transaction of $256,800.00. Following the completion of the purchase, the chief executive officer owned 9,772 shares in the company, valued at approximately $501,889.92. This trade represents a 104.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 17,205 shares of company stock valued at $895,241. Corporate insiders own 5.90% of the company’s stock.

About Matador Resources

Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas. Its operations are focused primarily on the Delaware Basin in southeastern New Mexico and West Texas. Alongside its exploration and production business, Matador provides midstream services through its subsidiary San Mateo Midstream. These activities include gathering and processing natural gas and handling produced water, supporting the company’s operations and serving other producers in the region.