Hunter Perkins Capital Management LLC Purchases 5,095 Shares of Matador Resources (NYSE:MTDR)

Hunter Perkins Capital Management LLC increased its holdings in shares of Matador Resources (NYSE:MTDR) by 21.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 28,400 shares of the energy company’s stock after acquiring an additional 5,095 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Matador Resources were worth $1,404,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. increased its position in shares of Matador Resources by 18.9% in the third quarter. NBC Securities Inc. now owns 7,449 shares of the energy company’s stock valued at $368,000 after acquiring an additional 1,186 shares during the last quarter. Unison Advisors LLC bought a new stake in Matador Resources in the 3rd quarter valued at $677,000. Sanders Morris Harris LLC acquired a new stake in Matador Resources during the 3rd quarter valued at $1,977,000. CWM LLC boosted its position in Matador Resources by 231.0% during the third quarter. CWM LLC now owns 12,807 shares of the energy company’s stock worth $633,000 after purchasing an additional 8,938 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Matador Resources by 28.7% in the third quarter. GAMMA Investing LLC now owns 1,403 shares of the energy company’s stock valued at $69,000 after purchasing an additional 313 shares during the last quarter. Institutional investors own 91.98% of the company’s stock.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran acquired 2,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $55.96 per share, for a total transaction of $111,920.00. Following the completion of the transaction, the chief executive officer now owns 35,251 shares of the company’s stock, valued at approximately $1,972,645.96. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Joseph Wm Foran purchased 2,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of $55.96 per share, with a total value of $111,920.00. Following the acquisition, the chief executive officer now directly owns 35,251 shares of the company’s stock, valued at approximately $1,972,645.96. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Robert T. Macalik acquired 500 shares of the stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $50.25 per share, with a total value of $25,125.00. Following the completion of the acquisition, the chief accounting officer now owns 29,800 shares in the company, valued at approximately $1,497,450. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 12,300 shares of company stock valued at $634,615 in the last three months. Company insiders own 6.10% of the company’s stock.

Matador Resources Stock Up 2.0 %

NYSE MTDR traded up $1.01 on Wednesday, hitting $51.67. 407,685 shares of the company were exchanged, compared to its average volume of 1,503,833. The stock has a fifty day moving average of $53.42 and a 200-day moving average of $59.01. The company has a market cap of $6.45 billion, a PE ratio of 6.94 and a beta of 3.26. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.41. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, July 23rd. The energy company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.29. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The company had revenue of $847.14 million for the quarter, compared to analyst estimates of $822.55 million. During the same period last year, the firm earned $1.42 earnings per share. The firm’s revenue was up 32.8% on a year-over-year basis. As a group, analysts forecast that Matador Resources will post 7.4 earnings per share for the current year.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Thursday, August 15th. Matador Resources’s dividend payout ratio (DPR) is currently 10.96%.

Analysts Set New Price Targets

A number of brokerages recently commented on MTDR. Mizuho decreased their price target on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Wolfe Research began coverage on Matador Resources in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Matador Resources in a report on Friday, September 27th. KeyCorp dropped their target price on Matador Resources from $76.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Capital One Financial raised shares of Matador Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $80.00 to $84.00 in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.54.

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.