Stifel Financial Corp Has $1.50 Million Stock Position in Matador Resources (NYSE:MTDR)

Stifel Financial Corp lifted its position in Matador Resources (NYSE:MTDR - Free Report) by 81.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 30,304 shares of the energy company's stock after purchasing an additional 13,583 shares during the quarter. Stifel Financial Corp's holdings in Matador Resources were worth $1,498,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Loomis Sayles & Co. L P boosted its stake in Matador Resources by 16.8% in the third quarter. Loomis Sayles & Co. L P now owns 455,662 shares of the energy company's stock worth $22,519,000 after purchasing an additional 65,487 shares in the last quarter. HITE Hedge Asset Management LLC bought a new position in shares of Matador Resources in the third quarter valued at about $10,526,000. Dynamic Technology Lab Private Ltd lifted its position in Matador Resources by 194.0% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 16,534 shares of the energy company's stock worth $817,000 after buying an additional 10,910 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Matador Resources by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,434,926 shares of the energy company's stock worth $70,914,000 after buying an additional 57,254 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in Matador Resources by 25.5% during the 2nd quarter. Amalgamated Bank now owns 73,025 shares of the energy company's stock worth $4,352,000 after acquiring an additional 14,850 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company's stock.

Wall Street Analyst Weigh In

MTDR has been the subject of a number of research analyst reports. BMO Capital Markets boosted their target price on shares of Matador Resources from $75.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, October 4th. Royal Bank of Canada restated an "outperform" rating and issued a $70.00 price objective on shares of Matador Resources in a research report on Friday, December 6th. Benchmark reiterated a "buy" rating and issued a $62.00 price objective on shares of Matador Resources in a research report on Wednesday, October 23rd. Stephens boosted their price objective on Matador Resources from $78.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Finally, Mizuho reduced their target price on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Matador Resources currently has an average rating of "Moderate Buy" and a consensus target price of $74.38.

Matador Resources Trading Up 0.9 %

MTDR traded up $0.48 during mid-day trading on Friday, hitting $53.07. The stock had a trading volume of 2,865,009 shares, compared to its average volume of 1,497,218. The stock's fifty day simple moving average is $55.52 and its 200-day simple moving average is $56.12. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 7.03 and a beta of 3.26. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The business had revenue of $770.20 million for the quarter, compared to the consensus estimate of $836.69 million. During the same quarter last year, the business posted $1.86 EPS. The firm's revenue was up 9.8% compared to the same quarter last year. As a group, research analysts forecast that Matador Resources will post 7.49 EPS for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Friday, November 15th. This is a boost from Matador Resources's previous quarterly dividend of $0.20. Matador Resources's payout ratio is 13.25%.

Insider Activity at Matador Resources

In related news, CEO Joseph Wm Foran acquired 2,000 shares of the business's stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average cost of $55.18 per share, with a total value of $110,360.00. Following the transaction, the chief executive officer now owns 42,251 shares of the company's stock, valued at $2,331,410.18. The trade was a 4.97 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Glenn W. Stetson bought 1,000 shares of Matador Resources stock in a transaction that occurred on Wednesday, October 30th. The stock was bought at an average cost of $51.33 per share, with a total value of $51,330.00. Following the completion of the purchase, the executive vice president now owns 85,935 shares in the company, valued at approximately $4,411,043.55. This trade represents a 1.18 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 4,285 shares of company stock worth $232,849. 6.10% of the stock is owned by company 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.