World Investment Advisors Makes New Investment in Matador Resources (NYSE:MTDR)

World Investment Advisors acquired a new stake in Matador Resources (NYSE:MTDR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,721 shares of the energy company’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. TCTC Holdings LLC boosted its position in Matador Resources by 53.8% during the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after purchasing an additional 175 shares during the last quarter. EverSource Wealth Advisors LLC boosted 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 valued at $28,000 after buying an additional 256 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Matador Resources by 68.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after buying an additional 207 shares in the last quarter. SRS Capital Advisors Inc. increased 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 buying an additional 453 shares during the last quarter. Finally, Denver PWM LLC raised 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 acquiring an additional 303 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MTDR. Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a research report on Wednesday, January 15th. TD Cowen lifted their price target on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Truist Financial upped their price objective on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Mizuho cut their price objective on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Finally, Raymond James decreased their target price on Matador Resources from $77.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and a consensus target price of $73.79.

Insider Activity at Matador Resources

In other Matador Resources news, Director Paul W. Harvey acquired 600 shares of Matador Resources stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of $55.20 per share, with a total value of $33,120.00. Following the completion of the purchase, the director now directly owns 27,917 shares of the company’s stock, valued at $1,541,018.40. This represents a 2.20 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy E. Parker bought 2,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $44.67 per share, with a total value of $89,340.00. Following the purchase, the director now owns 83,790 shares of the company’s stock, valued at approximately $3,742,899.30. This represents a 2.45 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 21,350 shares of company stock valued at $1,100,769 over the last quarter. 6.10% of the stock is owned by corporate insiders.

Matador Resources Price Performance

Shares of Matador Resources stock opened at $36.67 on Wednesday. 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 stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 5.14 and a beta of 2.74. Matador Resources has a twelve month low of $35.61 and a twelve month high of $71.08. The company has a 50-day simple moving average of $51.40 and a two-hundred day simple moving average of $54.47.

Matador Resources (NYSE:MTDR) last issued 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). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The company had revenue of $970.37 million during the quarter, compared to the consensus estimate of $967.10 million. Analysts forecast 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 given a $0.3125 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.41%. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s dividend payout ratio (DPR) is presently 17.51%.

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.