DRW Securities LLC Makes New $2.22 Million Investment in Matador Resources (NYSE:MTDR)

DRW Securities LLC acquired a new position in shares of Matador Resources (NYSE:MTDR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 39,441 shares of the energy company's stock, valued at approximately $2,219,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of Matador Resources by 108.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock valued at $28,000 after acquiring an additional 256 shares during the last quarter. TCTC Holdings LLC grew its holdings in shares of Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock worth $29,000 after buying an additional 207 shares during the period. SRS Capital Advisors Inc. increased its stake in Matador Resources by 359.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock worth $33,000 after buying an additional 453 shares during the period. Finally, Denver PWM LLC lifted 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 buying an additional 303 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

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Matador Resources Trading Down 1.6 %

Shares of NYSE:MTDR traded down $0.63 during midday trading on Monday, reaching $38.78. The company's stock had a trading volume of 468,487 shares, compared to its average volume of 1,545,933. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 5.43 and a beta of 2.74. The business has a 50 day moving average price of $49.97 and a 200 day moving average price of $54.19. Matador Resources has a 1 year low of $35.19 and a 1 year high of $68.99. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61.

Matador Resources (NYSE:MTDR - Get Free Report) last released its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). The company had revenue of $970.37 million during 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 forecast that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.3125 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a yield of 3.22%. This is a boost from Matador Resources's previous quarterly dividend of $0.25. Matador Resources's dividend payout ratio (DPR) is presently 17.51%.

Analyst Ratings Changes

A number of research firms have issued reports on MTDR. Wolfe Research raised Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price target on the stock in a research report on Friday, January 3rd. Raymond James lowered their price objective on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. JPMorgan Chase & Co. decreased their price target on Matador Resources from $65.00 to $61.00 and set an "overweight" rating for the company in a report on Thursday. Mizuho lowered their price objective on Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Finally, Royal Bank of Canada cut their price target on shares of Matador Resources from $70.00 to $62.00 and set an "outperform" rating for the company in a report on Friday. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $72.93.

Insider Buying and Selling at Matador Resources

In related news, insider Van H. Singleton II acquired 2,000 shares of Matador Resources stock in a transaction on Friday, February 21st. The shares were bought at an average price of $53.21 per share, for a total transaction of $106,420.00. Following the completion of the purchase, the insider now directly owns 289,135 shares in the company, valued at $15,384,873.35. This trade represents a 0.70 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Robert T. Macalik acquired 1,200 shares of the stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $47.98 per share, with a total value of $57,576.00. Following the transaction, the chief accounting officer now directly owns 31,000 shares of the company's stock, valued at $1,487,380. This represents a 4.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 21,350 shares of company stock valued at $1,100,769. Company insiders own 6.10% of the company's stock.

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.