Curi RMB Capital LLC Has $6.79 Million Position in Matador Resources (NYSE:MTDR)

Curi RMB Capital LLC lifted its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 81.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 120,689 shares of the energy company's stock after acquiring an additional 54,315 shares during the quarter. Curi RMB Capital LLC owned about 0.10% of Matador Resources worth $6,790,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. TCTC Holdings LLC increased its stake 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 acquiring an additional 175 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock valued at $29,000 after purchasing an additional 207 shares during the period. Atria Investments Inc raised its stake in shares of Matador Resources by 3.1% in the fourth quarter. Atria Investments Inc now owns 8,188 shares of the energy company's stock valued at $461,000 after purchasing an additional 249 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock worth $28,000 after purchasing an additional 256 shares during the period. Finally, Arizona State Retirement System boosted its stake in Matador Resources by 0.8% during the fourth quarter. Arizona State Retirement System now owns 34,413 shares of the energy company's stock worth $1,936,000 after buying an additional 280 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company's stock.

Matador Resources Price Performance

Shares of MTDR traded up $0.37 during mid-day trading on Friday, hitting $41.12. 829,299 shares of the company traded hands, compared to its average volume of 1,570,912. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 5.75 and a beta of 2.74. The business has a 50-day moving average of $46.90 and a 200 day moving average of $53.45. Matador Resources has a one year low of $35.19 and a one year high of $66.89.

Matador Resources (NYSE:MTDR - Get Free Report) last released its earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.25. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $980.87 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. As a group, equities analysts expect that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, April 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the energy company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 9th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Friday, May 9th. Matador Resources's dividend payout ratio is 17.51%.

Insider Buying and Selling

In related news, insider Van H. Singleton II bought 2,000 shares of the business's stock in a transaction on Friday, February 21st. The shares were purchased at an average price of $53.21 per share, with a total value of $106,420.00. Following the completion of the purchase, the insider now owns 289,135 shares of the company's stock, valued at $15,384,873.35. This represents a 0.70 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Joseph Wm Foran bought 6,000 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were bought at an average price of $53.94 per share, with a total value of $323,640.00. Following the completion of the transaction, the chief executive officer now directly owns 39,379 shares in the company, valued at approximately $2,124,103.26. This trade represents a 17.98 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 21,350 shares of company stock valued at $1,100,769 over the last ninety days. Insiders own 6.10% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MTDR. KeyCorp dropped their price objective on shares of Matador Resources from $72.00 to $60.00 and set an "overweight" rating for the company in a research note on Monday. Morgan Stanley dropped their price target on shares of Matador Resources from $84.00 to $68.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Stephens decreased their price objective on Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Royal Bank of Canada dropped their target price on Matador Resources from $70.00 to $62.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Truist Financial boosted their price target on Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Matador Resources has an average rating of "Moderate Buy" and an average price target of $70.73.

Matador Resources Company 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.