Jefferies Financial Group Inc. Invests $3.38 Million in Matador Resources Company $MTDR

Jefferies Financial Group Inc. bought a new position in Matador Resources Company (NYSE:MTDR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 79,690 shares of the energy company’s stock, valued at approximately $3,382,000. Jefferies Financial Group Inc. owned about 0.06% of Matador Resources at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MTDR. Jones Financial Companies Lllp lifted its holdings in shares of Matador Resources by 1,104.8% in the first quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock worth $103,000 after acquiring an additional 1,845 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Matador Resources by 361.3% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after acquiring an additional 690 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Matador Resources in the second quarter worth about $255,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Matador Resources in the second quarter worth about $5,126,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Matador Resources by 767.3% in the second quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the energy company’s stock worth $156,000 after acquiring an additional 2,885 shares during the last quarter. Institutional investors own 91.98% of the company’s stock.

Analyst Upgrades and Downgrades

MTDR has been the subject of a number of research reports. Zacks Research upgraded shares of Matador Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Mizuho dropped their price objective on shares of Matador Resources from $76.00 to $74.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Citigroup dropped their price objective on shares of Matador Resources from $77.00 to $72.00 and set a “buy” rating for the company in a report on Tuesday. Wells Fargo & Company raised their price objective on shares of Matador Resources from $54.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Finally, Truist Financial upgraded shares of Matador Resources from a “hold” rating to a “buy” rating and raised their price objective for the company from $60.00 to $67.00 in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and an average target price of $64.85.

Matador Resources Stock Performance

NYSE:MTDR opened at $53.78 on Wednesday. The company has a market capitalization of $6.68 billion, a PE ratio of 13.83 and a beta of 0.81. The company has a 50 day simple moving average of $59.61 and a two-hundred day simple moving average of $50.18. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.70 and a current ratio of 0.73. Matador Resources Company has a fifty-two week low of $37.14 and a fifty-two week high of $66.84.

Matador Resources (NYSE:MTDR) last released its earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.29. The business had revenue of $941.60 million during the quarter, compared to the consensus estimate of $871.57 million. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The company’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.99 EPS. Research analysts anticipate that Matador Resources Company will post 7.36 earnings per share for the current year.

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, May 8th. Matador Resources’s dividend payout ratio is currently 38.56%.

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.