Securian Asset Management Inc. Has $494,000 Position in Matador Resources (NYSE:MTDR)

Securian Asset Management Inc. lowered its holdings in Matador Resources (NYSE:MTDR) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,772 shares of the energy company’s stock after selling 254 shares during the quarter. Securian Asset Management Inc.’s holdings in Matador Resources were worth $494,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after purchasing an additional 256 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Matador Resources by 68.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after purchasing an additional 207 shares in the last quarter. SRS Capital Advisors Inc. raised its position 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 bought a new stake in shares of Matador Resources during the third quarter worth $37,000. Finally, Denver PWM LLC raised its position 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. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insider Transactions at Matador Resources

In other news, insider Van H. Singleton II acquired 2,000 shares of Matador Resources stock in a transaction dated Friday, February 21st. The stock was bought at an average cost of $53.21 per share, with a total value of $106,420.00. Following the completion of the transaction, the insider now directly owns 289,135 shares of the company’s stock, valued at approximately $15,384,873.35. This represents a 0.70 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul W. Harvey acquired 600 shares of Matador Resources stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of $55.20 per share, with a total value of $33,120.00. Following the completion of the transaction, the director now directly owns 27,917 shares of the company’s stock, valued at $1,541,018.40. This trade represents a 2.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 20,850 shares of company stock valued at $1,077,024 over the last three months. Company insiders own 6.10% of the company’s stock.

Matador Resources Stock Up 3.5 %

Shares of Matador Resources stock opened at $50.34 on Tuesday. Matador Resources has a 1 year low of $43.89 and a 1 year high of $71.08. The business has a 50-day moving average of $56.07 and a two-hundred day moving average of $54.94. The company has a market capitalization of $6.30 billion, a P/E ratio of 7.05 and a beta of 3.17. 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 (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 the consensus estimate of $1.88 by ($0.05). The business had revenue of $970.37 million during 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%. As a group, equities analysts predict that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.3125 per share. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Friday, February 28th. Matador Resources’s dividend payout ratio is currently 17.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a research report on Wednesday, January 15th. Wells Fargo & Company boosted their target price on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Stephens upped their price objective on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Raymond James dropped their price objective on Matador Resources from $77.00 to $67.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Finally, Wolfe Research upgraded Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective for the company in a report on Friday, January 3rd. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.20.

About Matador Resources

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.