Sequoia Financial Advisors LLC Makes New $519,000 Investment in Matador Resources (NYSE:MTDR)

Sequoia Financial Advisors 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,231 shares of the energy company's stock, valued at approximately $519,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Copeland Capital Management LLC grew its holdings in shares of Matador Resources by 145.2% during the 4th quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company's stock worth $72,223,000 after purchasing an additional 760,122 shares during the period. Yaupon Capital Management LP raised its position in Matador Resources by 565.4% in the 3rd quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company's stock valued at $36,770,000 after purchasing an additional 632,218 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Matador Resources in the 4th quarter valued at about $22,509,000. Vaughan Nelson Investment Management L.P. raised its position in Matador Resources by 57.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 959,795 shares of the energy company's stock valued at $53,998,000 after purchasing an additional 349,820 shares in the last quarter. Finally, FMR LLC raised its position in Matador Resources by 162.9% in the 3rd quarter. FMR LLC now owns 478,795 shares of the energy company's stock valued at $23,662,000 after purchasing an additional 296,663 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company's stock.

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Matador Resources Stock Performance

Shares of MTDR stock traded down $0.72 during midday trading on Friday, hitting $51.59. The company had a trading volume of 2,346,551 shares, compared to its average volume of 1,464,712. The company's 50 day simple moving average is $55.58 and its 200 day simple moving average is $54.86. Matador Resources has a 52-week low of $43.89 and a 52-week high of $71.08. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 7.23 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.

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

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.3125 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is an increase 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 2.42%. Matador Resources's payout ratio is 17.51%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Mizuho reduced their price target on Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a research report on Monday, December 16th. Raymond James reduced their price target on Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Stephens increased their price target on Matador Resources from $78.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Morgan Stanley started coverage on Matador Resources in a research report on Friday, January 10th. They set an "equal weight" rating and a $78.00 target price on the stock. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $70.00 target price on shares of Matador Resources in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.20.

Insider Activity at Matador Resources

In other Matador Resources news, insider Van H. Singleton II purchased 2,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average cost 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 represents a 0.70 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph Wm Foran purchased 6,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average price of $53.94 per share, for a total transaction of $323,640.00. Following the completion of the purchase, the chief executive officer now owns 39,379 shares of the company's stock, valued at approximately $2,124,103.26. This represents a 17.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 21,350 shares of company stock worth $1,100,769 over the last three months. 6.10% of the stock is currently owned by corporate insiders.

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.