Proficio Capital Partners LLC Purchases New Stake in Matador Resources (NYSE:MTDR)

Proficio Capital Partners LLC purchased a new stake in Matador Resources (NYSE:MTDR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 90,389 shares of the energy company's stock, valued at approximately $5,085,000. Proficio Capital Partners LLC owned 0.07% of Matador Resources at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MTDR. MassMutual Private Wealth & Trust FSB lifted its stake in Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock worth $29,000 after purchasing an additional 207 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in Matador Resources by 359.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock worth $33,000 after purchasing an additional 453 shares during the last quarter. True Wealth Design LLC bought a new stake in Matador Resources during the third quarter worth $37,000. Denver PWM LLC lifted its stake in Matador Resources by 67.2% during the third 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. Finally, Avior Wealth Management LLC lifted its stake in Matador Resources by 329.0% during the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company's stock worth $41,000 after purchasing an additional 635 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MTDR has been the subject of a number of research reports. Mizuho dropped their price target on Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. TD Cowen boosted their price objective on Matador Resources from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. reduced their price objective on Matador Resources from $76.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Truist Financial upped their price objective on Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, Morgan Stanley assumed coverage on shares of Matador Resources in a report on Friday, January 10th. They issued an "equal weight" rating and a $78.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $74.20.

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Insiders Place Their Bets

In related news, EVP Glenn W. Stetson acquired 1,000 shares of Matador Resources stock in a transaction dated Friday, February 21st. The stock was bought at an average price of $53.06 per share, with a total value of $53,060.00. Following the transaction, the executive vice president now directly owns 91,680 shares in the company, valued at $4,864,540.80. This represents a 1.10 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Timothy E. Parker acquired 2,000 shares of Matador Resources stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $44.67 per share, with a total value of $89,340.00. Following the transaction, the director now owns 83,790 shares in the company, valued at approximately $3,742,899.30. This trade represents a 2.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 21,350 shares of company stock worth $1,100,769. 6.10% of the stock is currently owned by insiders.

Matador Resources Trading Down 0.6 %

Matador Resources stock traded down $0.33 during mid-day trading on Thursday, hitting $52.29. 1,611,604 shares of the stock were exchanged, compared to its average volume of 1,459,433. 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 has a 12 month low of $43.89 and a 12 month high of $71.08. The firm's fifty day simple moving average is $55.74 and its two-hundred day simple moving average is $54.88. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 7.32 and a beta of 3.17.

Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly 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). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The firm had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Analysts forecast that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.3125 per share. This is a positive change from Matador Resources's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.25 annualized dividend and a yield of 2.39%. Matador Resources's dividend payout ratio (DPR) is presently 17.51%.

Matador Resources 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.