DRW Securities LLC Purchases Shares of 39,441 Matador Resources (NYSE:MTDR)

DRW Securities LLC purchased a new position in shares of Matador Resources (NYSE:MTDR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 39,441 shares of the energy company’s stock, valued at approximately $2,219,000.

A number of other large investors also recently modified their holdings of MTDR. TCTC Holdings LLC increased its holdings in Matador Resources by 53.8% during the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after buying an additional 175 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Matador Resources by 108.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after purchasing an additional 256 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after purchasing an additional 207 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in 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 purchasing an additional 453 shares during the period. Finally, Denver PWM LLC increased its position in 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 buying an additional 303 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Matador Resources

In related news, CEO Joseph Wm Foran purchased 6,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was bought at an average price of $53.94 per share, for a total transaction of $323,640.00. Following the purchase, the chief executive officer now directly owns 39,379 shares in the company, valued at approximately $2,124,103.26. This trade represents a 17.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Robert T. Macalik acquired 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $47.98 per share, for a total transaction of $57,576.00. Following the purchase, the chief accounting officer now owns 31,000 shares of the company’s stock, valued at $1,487,380. The trade was a 4.03 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 21,350 shares of company stock worth $1,100,769. Corporate insiders own 6.10% of the company’s stock.

Matador Resources Price Performance

Shares of MTDR opened at $36.67 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. Matador Resources has a 52-week low of $35.18 and a 52-week high of $71.08. The business’s 50 day moving average price is $51.40 and its two-hundred day moving average price is $54.47. The firm has a market cap of $4.59 billion, a PE ratio of 5.14 and a beta of 2.74.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The firm had revenue of $970.37 million during the quarter, compared to analyst estimates of $967.10 million. On average, equities analysts anticipate that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.3125 per share. The ex-dividend date was Friday, February 28th. This represents a $1.25 annualized dividend and a yield of 3.41%. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s dividend payout ratio is 17.51%.

Analyst Ratings Changes

A number of research firms recently weighed in on MTDR. Mizuho dropped their price target on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Benchmark restated a “buy” rating and set a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a report on Friday, January 3rd. Morgan Stanley lowered their target price on Matador Resources from $84.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. Finally, Truist Financial upped their price objective on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.79.

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.