173,600 Shares in Matador Resources (NYSE:MTDR) Acquired by SIR Capital Management L.P.

SIR Capital Management L.P. purchased a new stake in shares of Matador Resources (NYSE:MTDR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 173,600 shares of the energy company’s stock, valued at approximately $9,767,000. SIR Capital Management L.P. owned 0.14% of Matador Resources as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MTDR. TCTC Holdings LLC increased its stake in Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after acquiring an additional 175 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Matador Resources by 68.3% during the fourth 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. Atria Investments Inc grew its stake in Matador Resources by 3.1% in the 4th quarter. Atria Investments Inc now owns 8,188 shares of the energy company’s stock worth $461,000 after buying an additional 249 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Matador Resources by 108.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after buying an additional 256 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Matador Resources by 0.8% during the 4th quarter. Arizona State Retirement System now owns 34,413 shares of the energy company’s stock valued at $1,936,000 after buying an additional 280 shares in the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Joseph Wm Foran acquired 6,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of $53.94 per share, for a total transaction of $323,640.00. Following the acquisition, the chief executive officer now owns 39,379 shares of the company’s stock, valued at $2,124,103.26. This trade represents a 17.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Robert T. Macalik bought 1,200 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $47.98 per share, with a total value of $57,576.00. Following the completion of the transaction, the chief accounting officer now owns 31,000 shares in the company, valued at approximately $1,487,380. This trade represents a 4.03% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 36,200 shares of company stock worth $1,701,872. 6.10% of the stock is currently owned by company insiders.

Matador Resources Trading Down 3.2%

NYSE:MTDR opened at $44.42 on Friday. The firm has a market capitalization of $5.56 billion, a P/E ratio of 6.22 and a beta of 1.47. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average of $44.29 and a 200 day moving average of $52.41. Matador Resources has a 52 week low of $35.19 and a 52 week high of $66.89.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Wednesday, April 23rd. The energy company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.25. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $980.87 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.71 earnings per share. On average, research analysts predict that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources declared that its board has authorized a share repurchase program on Wednesday, April 23rd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the energy company to buy up to 7.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Friday, May 9th. Matador Resources’s payout ratio is 16.78%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MTDR shares. UBS Group started coverage on shares of Matador Resources in a research report on Tuesday, April 22nd. They issued a “neutral” rating and a $47.00 target price for the company. JPMorgan Chase & Co. cut their price objective on Matador Resources from $65.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Stephens reduced their price objective on Matador Resources from $90.00 to $86.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. KeyCorp dropped their target price on Matador Resources from $72.00 to $60.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Finally, Morgan Stanley cut their target price on Matador Resources from $84.00 to $68.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $70.33.

Matador Resources Company Profile

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.