Sequoia Financial Advisors LLC Purchases Shares of 14,838 Matador Resources Company $MTDR

Sequoia Financial Advisors LLC purchased a new stake in shares of Matador Resources Company (NYSE:MTDR) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 14,838 shares of the energy company’s stock, valued at approximately $708,000.

A number of other hedge funds have also modified their holdings of MTDR. Concurrent Investment Advisors LLC lifted its holdings in shares of Matador Resources by 0.4% during the first quarter. Concurrent Investment Advisors LLC now owns 55,482 shares of the energy company’s stock valued at $2,835,000 after purchasing an additional 244 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Matador Resources by 93.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock valued at $26,000 after purchasing an additional 267 shares during the last quarter. State of Michigan Retirement System lifted its holdings in shares of Matador Resources by 1.1% during the first quarter. State of Michigan Retirement System now owns 27,800 shares of the energy company’s stock valued at $1,420,000 after purchasing an additional 300 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Matador Resources by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the energy company’s stock valued at $1,660,000 after purchasing an additional 300 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Matador Resources by 11.3% during the second quarter. Signaturefd LLC now owns 3,032 shares of the energy company’s stock valued at $145,000 after purchasing an additional 308 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Joseph Wm Foran acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was acquired at an average cost of $48.15 per share, for a total transaction of $96,300.00. Following the completion of the acquisition, the chief executive officer owned 8,025 shares in the company, valued at approximately $386,403.75. The trade was a 33.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Christopher P. Calvert acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were purchased at an average price of $47.77 per share, with a total value of $47,770.00. Following the completion of the acquisition, the chief operating officer owned 37,500 shares of the company’s stock, valued at $1,791,375. This represents a 2.74% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 11,380 shares of company stock worth $549,188. Corporate insiders own 5.80% of the company’s stock.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $43.00 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. Matador Resources Company has a 12 month low of $35.19 and a 12 month high of $64.04. The business has a fifty day simple moving average of $46.80 and a 200-day simple moving average of $46.14. The stock has a market cap of $5.35 billion, a PE ratio of 6.30 and a beta of 1.41.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, July 22nd. The energy company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.24. Matador Resources had a return on equity of 16.53% and a net margin of 22.57%.The business had revenue of $895.31 million during the quarter, compared to analyst estimates of $892.86 million. During the same period last year, the company earned $2.05 earnings per share. Matador Resources’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 10th will be issued a dividend of $0.375 per share. This is a positive change from Matador Resources’s previous quarterly dividend of $0.31. This represents a $1.50 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, November 10th. Matador Resources’s dividend payout ratio is 18.30%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MTDR shares. TD Cowen raised Matador Resources to a “strong-buy” rating in a report on Monday, July 7th. UBS Group reduced their target price on Matador Resources from $49.00 to $48.00 and set a “neutral” rating for the company in a report on Wednesday, August 20th. Royal Bank Of Canada raised their target price on Matador Resources from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Mizuho decreased their target price on Matador Resources from $69.00 to $67.00 and set an “outperform” rating for the company in a research report on Friday, October 10th. Finally, William Blair initiated coverage on Matador Resources in a research report on Monday, August 25th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.36.

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.