SG Americas Securities LLC Lowers Stake in Matador Resources (NYSE:MTDR)

SG Americas Securities LLC lowered its position in shares of Matador Resources (NYSE:MTDR) by 94.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,462 shares of the energy company’s stock after selling 41,694 shares during the period. SG Americas Securities LLC’s holdings in Matador Resources were worth $140,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MTDR. Parkside Financial Bank & Trust lifted its holdings in Matador Resources by 82.0% during the third quarter. Parkside Financial Bank & Trust now owns 444 shares of the energy company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Matador Resources during the fourth quarter valued at approximately $34,000. Money Concepts Capital Corp raised its position in shares of Matador Resources by 202.6% during the fourth quarter. Money Concepts Capital Corp now owns 690 shares of the energy company’s stock valued at $39,000 after buying an additional 462 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Matador Resources by 46.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock valued at $42,000 after buying an additional 242 shares during the last quarter. Finally, State of Wyoming raised its position in shares of Matador Resources by 35.1% during the second quarter. State of Wyoming now owns 1,436 shares of the energy company’s stock valued at $75,000 after buying an additional 373 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Down 0.9 %

NYSE:MTDR opened at $66.96 on Wednesday. The firm has a market cap of $8.00 billion, a PE ratio of 9.50 and a beta of 3.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 0.98. The company has a 50-day moving average of $64.11 and a 200 day moving average of $59.78. Matador Resources has a 1-year low of $42.04 and a 1-year high of $71.08.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, February 21st. The energy company reported $1.99 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.05). The firm had revenue of $836.13 million during the quarter, compared to the consensus estimate of $842.96 million. Matador Resources had a return on equity of 21.54% and a net margin of 30.14%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.08 earnings per share. As a group, research analysts anticipate that Matador Resources will post 6.87 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.19%. Matador Resources’s dividend payout ratio (DPR) is currently 11.35%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Matador Resources from $76.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Wells Fargo & Company boosted their price target on shares of Matador Resources from $73.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. StockNews.com upgraded shares of Matador Resources from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Mizuho boosted their price target on shares of Matador Resources from $67.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Truist Financial boosted their price target on shares of Matador Resources from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.50.

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.