Sei Investments Co. Buys 39,550 Shares of Matador Resources (NYSE:MTDR)

Sei Investments Co. increased its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 43.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,136 shares of the energy company's stock after purchasing an additional 39,550 shares during the period. Sei Investments Co. owned approximately 0.11% of Matador Resources worth $7,378,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. TCTC Holdings LLC raised its holdings in Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock worth $28,000 after purchasing an additional 175 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Matador Resources by 108.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock valued at $28,000 after buying an additional 256 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised 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. lifted its holdings 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 acquiring an additional 453 shares in the last quarter. Finally, True Wealth Design LLC acquired a new position in Matador Resources in the third quarter valued at about $37,000. Institutional investors own 91.98% of the company's stock.

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Insider Activity at Matador Resources

In other news, EVP Glenn W. Stetson bought 1,000 shares of the stock in a transaction dated Friday, February 21st. The shares were bought at an average price of $53.06 per share, for a total transaction of $53,060.00. Following the completion of the purchase, the executive vice president now owns 91,680 shares in the company, valued at approximately $4,864,540.80. This trade represents a 1.10 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Van H. Singleton II purchased 2,000 shares of Matador Resources stock in a transaction that occurred on Friday, February 21st. The stock was 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 directly owns 289,135 shares in the company, valued at $15,384,873.35. This trade represents a 0.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 21,350 shares of company stock worth $1,100,769. Company insiders own 6.10% of the company's stock.

Matador Resources Stock Performance

NYSE MTDR traded up $1.14 on Wednesday, hitting $52.25. 1,123,665 shares of the stock were exchanged, compared to its average volume of 1,492,539. The company has a market capitalization of $6.54 billion, a PE ratio of 7.32 and a beta of 3.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The business's fifty day moving average is $53.57 and its 200 day moving average is $54.92. Matador Resources has a 52 week low of $43.89 and a 52 week high of $71.08.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The firm had revenue of $970.37 million during the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. Research analysts anticipate that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

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

Analyst Upgrades and Downgrades

MTDR has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on Matador Resources from $84.00 to $68.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Wolfe Research raised shares of Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price target on the stock in a research note on Friday, January 3rd. Raymond James dropped their price objective on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $70.00 target price on shares of Matador Resources in a research note on Wednesday, January 15th. Finally, TD Cowen lifted their price target on Matador Resources from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $73.79.

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.