Segall Bryant & Hamill LLC Has $33.45 Million Holdings in Matador Resources Company (NYSE:MTDR)

Segall Bryant & Hamill LLC cut its holdings in Matador Resources Company (NYSE:MTDR) by 25.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 654,746 shares of the energy company’s stock after selling 225,080 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Matador Resources were worth $33,451,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new position in Matador Resources in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted 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 valued at $28,000 after buying an additional 256 shares during the period. TCTC Holdings LLC lifted its stake in Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after buying an additional 175 shares during the period. Opal Wealth Advisors LLC acquired a new position in Matador Resources in the first quarter valued at approximately $28,000. Finally, Rakuten Securities Inc. lifted its stake in Matador Resources by 9,090.9% in the first quarter. Rakuten Securities Inc. now owns 1,011 shares of the energy company’s stock valued at $52,000 after buying an additional 1,000 shares during the period. 91.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Matador Resources

In other news, EVP William Thomas Elsener purchased 750 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were purchased at an average price of $40.10 per share, with a total value of $30,075.00. Following the transaction, the executive vice president directly owned 111,197 shares of the company’s stock, valued at approximately $4,458,999.70. This represents a 0.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Christopher P. Calvert purchased 1,500 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were purchased at an average cost of $41.13 per share, for a total transaction of $61,695.00. Following the transaction, the chief operating officer directly owned 36,500 shares in the company, valued at approximately $1,501,245. The trade was a 4.29% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 14,850 shares of company stock worth $601,103. Company insiders own 5.80% of the company’s stock.

Matador Resources Stock Down 1.9%

Shares of NYSE:MTDR opened at $50.86 on Wednesday. The company has a market capitalization of $6.37 billion, a PE ratio of 6.83 and a beta of 1.46. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.79 and a quick ratio of 0.76. The business has a fifty day moving average price of $47.29 and a two-hundred day moving average price of $49.85. Matador Resources Company has a 1 year low of $35.19 and a 1 year high of $66.89.

Matador Resources (NYSE:MTDR) last announced 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 during the quarter, compared to the consensus estimate of $980.87 million. Matador Resources had a return on equity of 18.45% and a net margin of 24.97%. The business’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.71 EPS. Analysts forecast that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 23rd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the energy company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 2.46%. Matador Resources’s dividend payout ratio (DPR) is presently 16.78%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MTDR. UBS Group began coverage on Matador Resources in a research report on Tuesday, April 22nd. They set a “neutral” rating and a $47.00 target price on the stock. 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 report on Thursday, March 27th. Bank of America began coverage on Matador Resources in a research report on Monday, May 19th. They set a “buy” rating and a $56.00 target price on the stock. Stephens lowered their target price 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. Finally, KeyCorp lowered their target price on Matador Resources from $72.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Matador Resources presently has an average rating of “Moderate Buy” and an average target price of $69.06.

Matador Resources 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.