90,389 Shares in Matador Resources (NYSE:MTDR) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Matador Resources (NYSE:MTDR) during the fourth quarter, Holdings Channel.com reports. The firm acquired 90,389 shares of the energy company’s stock, valued at approximately $5,085,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTDR. MassMutual Private Wealth & Trust FSB lifted 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 worth $29,000 after acquiring an additional 207 shares in the last quarter. True Wealth Design LLC purchased a new stake in Matador Resources during the 3rd quarter worth approximately $37,000. Denver PWM LLC increased its holdings in Matador Resources by 67.2% during the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock worth $37,000 after purchasing an additional 303 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of Matador Resources by 329.0% in the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after purchasing an additional 635 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of Matador Resources by 90.2% during the 4th quarter. First Horizon Advisors Inc. now owns 858 shares of the energy company’s stock valued at $48,000 after buying an additional 407 shares during the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MTDR. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a research note on Wednesday, January 15th. Wells Fargo & Company increased their price target on shares of Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Morgan Stanley initiated coverage on Matador Resources in a research note on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price target for the company. Mizuho cut their price objective on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price on the stock in a report on Friday, January 3rd. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $75.14.

Matador Resources Price Performance

Shares of MTDR opened at $47.70 on Tuesday. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The stock has a fifty day moving average price of $58.01 and a 200 day moving average price of $55.71. The company has a market cap of $5.97 billion, a P/E ratio of 6.68 and a beta of 3.22.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). The firm had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. On average, research analysts forecast that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.25 annualized dividend and a dividend yield of 2.62%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s dividend payout ratio (DPR) is presently 17.51%.

Insider Activity

In related news, CEO Joseph Wm Foran bought 6,000 shares of the stock in a transaction on Friday, February 21st. The shares were purchased at an average price of $53.94 per share, with a total value of $323,640.00. Following the purchase, the chief executive officer now owns 39,379 shares in the company, valued at approximately $2,124,103.26. This represents a 17.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William Thomas Elsener purchased 800 shares of Matador Resources stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $56.60 per share, with a total value of $45,280.00. Following the completion of the purchase, the executive vice president now owns 102,964 shares in the company, valued at approximately $5,827,762.40. This trade represents a 0.78 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 17,330 shares of company stock valued at $936,166. Insiders own 6.10% of the company’s stock.

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.