Jefferies Financial Group Inc. Takes $4.87 Million Position in Matador Resources Company $MTDR

Jefferies Financial Group Inc. acquired a new position in shares of Matador Resources Company (NYSE:MTDR) in the second quarter, Holdings Channel.com reports. The fund acquired 97,749 shares of the energy company’s stock, valued at approximately $4,866,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd lifted its stake in Matador Resources by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock worth $47,000 after purchasing an additional 201 shares during the last quarter. Burford Brothers Inc. raised its holdings in shares of Matador Resources by 0.8% during the 1st quarter. Burford Brothers Inc. now owns 26,798 shares of the energy company’s stock valued at $1,693,000 after buying an additional 225 shares in the last quarter. Fiduciary Trust Co raised its holdings in shares of Matador Resources by 2.2% during the 3rd quarter. Fiduciary Trust Co now owns 11,821 shares of the energy company’s stock valued at $531,000 after buying an additional 253 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in Matador Resources by 2.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,138 shares of the energy company’s stock worth $388,000 after buying an additional 254 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC grew its position in Matador Resources by 1.3% during the first quarter. Mitchell & Pahl Private Wealth LLC now owns 23,240 shares of the energy company’s stock valued at $1,468,000 after acquiring an additional 304 shares during the last quarter. Institutional investors own 91.98% of the company’s stock.

Insider Buying and Selling

In other Matador Resources news, COO Glenn W. Stetson purchased 500 shares of the stock in a transaction dated Tuesday, June 9th. The stock was purchased at an average price of $53.41 per share, with a total value of $26,705.00. Following the transaction, the chief operating officer owned 95,470 shares of the company’s stock, valued at approximately $5,099,052.70. This trade represents a 0.53% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph Wm Foran acquired 555 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average price of $54.49 per share, for a total transaction of $30,241.95. Following the completion of the purchase, the chief executive officer owned 4,772 shares of the company’s stock, valued at approximately $260,026.28. This represents a 13.16% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 25,144 shares of company stock valued at $1,315,538 over the last three months. 5.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MTDR. Mizuho upgraded Matador Resources to a “strong-buy” rating in a report on Friday, July 31st. Stephens boosted their price target on Matador Resources from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Morgan Stanley cut their price target on Matador Resources from $75.00 to $66.00 and set an “equal weight” rating for the company in a research note on Monday, June 29th. Wells Fargo & Company upped their price target on Matador Resources from $63.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Finally, KeyCorp dropped their price target on Matador Resources from $73.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $66.07.

Matador Resources Stock Down 0.6%

NYSE:MTDR opened at $56.42 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 0.67. The company has a market cap of $6.98 billion, a price-to-earnings ratio of 9.68 and a beta of 0.76. The stock has a fifty day simple moving average of $52.05 and a 200-day simple moving average of $54.81. Matador Resources Company has a twelve month low of $37.14 and a twelve month high of $66.84.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.53. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the company posted $1.53 EPS. Matador Resources’s revenue was up 32.5% on a year-over-year basis. Analysts anticipate that Matador Resources Company will post 7.26 EPS for the current year.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, August 10th. Matador Resources’s payout ratio is presently 25.73%.

Matador Resources 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.