Sequoia Financial Advisors LLC Buys Shares of 9,231 Matador Resources (NYSE:MTDR)

Sequoia Financial Advisors LLC bought a new position in Matador Resources (NYSE:MTDR) in the 4th quarter, HoldingsChannel reports. The fund bought 9,231 shares of the energy company’s stock, valued at approximately $519,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Copeland Capital Management LLC lifted its stake in Matador Resources by 145.2% in the 4th quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company’s stock worth $72,223,000 after acquiring an additional 760,122 shares in the last quarter. Yaupon Capital Management LP boosted its holdings in shares of Matador Resources by 565.4% during the third quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company’s stock worth $36,770,000 after purchasing an additional 632,218 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Matador Resources during the fourth quarter worth approximately $22,509,000. Vaughan Nelson Investment Management L.P. grew its position in Matador Resources by 57.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 959,795 shares of the energy company’s stock valued at $53,998,000 after purchasing an additional 349,820 shares in the last quarter. Finally, FMR LLC lifted its position in Matador Resources by 162.9% in the 3rd quarter. FMR LLC now owns 478,795 shares of the energy company’s stock worth $23,662,000 after buying an additional 296,663 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Mizuho lowered their price target on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research report on Wednesday, January 15th. Raymond James reduced their price target on Matador Resources from $77.00 to $67.00 and set an “outperform” rating for the company in a report on Monday, March 10th. JPMorgan Chase & Co. dropped their price objective on Matador Resources from $76.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Finally, Wells Fargo & Company lifted their target price on shares of Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.20.

Matador Resources Price Performance

NYSE MTDR opened at $50.34 on Tuesday. Matador Resources has a twelve month low of $43.89 and a twelve month high of $71.08. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The stock has a market capitalization of $6.30 billion, a PE ratio of 7.05 and a beta of 3.17. The stock has a 50-day simple moving average of $56.07 and a 200 day simple moving average of $54.94.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share 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 analyst estimates of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. Research analysts anticipate that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.3125 dividend. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.48%. Matador Resources’s dividend payout ratio is currently 17.51%.

Insider Activity

In related news, CEO Joseph Wm Foran acquired 6,000 shares of the company’s stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of $53.94 per share, for a total transaction of $323,640.00. Following the completion of the purchase, the chief executive officer now directly owns 39,379 shares of the company’s stock, valued at $2,124,103.26. The trade was a 17.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul W. Harvey acquired 600 shares of the business’s stock in a transaction on Friday, February 21st. The shares were bought at an average cost of $55.20 per share, with a total value of $33,120.00. Following the completion of the acquisition, the director now owns 27,917 shares of the company’s stock, valued at approximately $1,541,018.40. This trade represents a 2.20 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 20,850 shares of company stock worth $1,077,024. Corporate 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.