Segall Bryant & Hamill LLC Grows Stock Position in Matador Resources (NYSE:MTDR)

Segall Bryant & Hamill LLC raised its stake in Matador Resources (NYSE:MTDR - Free Report) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 959,550 shares of the energy company's stock after acquiring an additional 57,995 shares during the period. Matador Resources accounts for approximately 0.6% of Segall Bryant & Hamill LLC's portfolio, making the stock its 26th largest position. Segall Bryant & Hamill LLC owned approximately 0.77% of Matador Resources worth $47,421,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Denver PWM LLC acquired a new stake in Matador Resources during the second quarter worth approximately $27,000. Covestor Ltd boosted its holdings in shares of Matador Resources by 121.4% in the 1st quarter. Covestor Ltd now owns 414 shares of the energy company's stock valued at $28,000 after purchasing an additional 227 shares during the last quarter. Avior Wealth Management LLC boosted its holdings 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 during the last quarter. Quarry LP boosted its holdings in shares of Matador Resources by 47.5% in the 2nd quarter. Quarry LP now owns 779 shares of the energy company's stock valued at $46,000 after purchasing an additional 251 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Matador Resources by 191.8% in the 1st quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company's stock valued at $47,000 after purchasing an additional 466 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company's stock.

Matador Resources Trading Up 1.6 %

Shares of MTDR traded up $0.92 during mid-day trading on Wednesday, hitting $58.69. 326,301 shares of the company's stock traded hands, compared to its average volume of 1,527,783. The firm has a market capitalization of $7.32 billion, a P/E ratio of 7.65 and a beta of 3.26. The business's 50-day moving average price is $52.85 and its 200-day moving average price is $56.84. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The company had revenue of $770.20 million for the quarter, compared to the consensus estimate of $836.69 million. During the same quarter in the prior year, the company earned $1.86 earnings per share. Matador Resources's revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts forecast that Matador Resources will post 7.5 EPS for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $0.25 per share. This is a positive change from Matador Resources's previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources's dividend payout ratio (DPR) is currently 13.25%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Benchmark reaffirmed a "buy" rating and issued a $62.00 price target on shares of Matador Resources in a report on Wednesday, October 23rd. Mizuho decreased their price target on shares of Matador Resources from $85.00 to $74.00 and set an "outperform" rating for the company in a report on Monday, September 16th. KeyCorp decreased their price target on shares of Matador Resources from $76.00 to $72.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. TD Cowen lifted their price target on shares of Matador Resources from $85.00 to $87.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Finally, Stephens lifted their price target on shares of Matador Resources from $76.00 to $78.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $74.92.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, EVP Bryan A. Erman purchased 1,000 shares of Matador Resources stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $50.35 per share, with a total value of $50,350.00. Following the acquisition, the executive vice president now owns 2,750 shares of the company's stock, valued at $138,462.50. This trade represents a 57.14 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Robert T. Macalik acquired 500 shares of the business's stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $50.25 per share, with a total value of $25,125.00. Following the completion of the purchase, the chief accounting officer now owns 29,800 shares in the company, valued at $1,497,450. This represents a 1.71 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 11,105 shares of company stock valued at $562,306 in the last ninety days. Corporate 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.