Alliancebernstein L.P. Boosts Stock Position in Matador Resources (NYSE:MTDR)

Alliancebernstein L.P. boosted its holdings in shares of Matador Resources (NYSE:MTDR - Free Report) by 25.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,698,606 shares of the energy company's stock after acquiring an additional 555,245 shares during the quarter. Alliancebernstein L.P. owned 2.16% of Matador Resources worth $151,824,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTDR. Franklin Resources Inc. boosted its holdings in Matador Resources by 12.0% in the third quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company's stock valued at $54,122,000 after acquiring an additional 107,827 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Matador Resources by 81.2% in the 3rd quarter. Stifel Financial Corp now owns 30,304 shares of the energy company's stock valued at $1,498,000 after purchasing an additional 13,583 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Matador Resources by 16.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company's stock worth $8,088,000 after buying an additional 20,172 shares during the period. HITE Hedge Asset Management LLC bought a new position in Matador Resources during the third quarter worth $10,526,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Matador Resources by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,491,570 shares of the energy company's stock worth $83,916,000 after buying an additional 56,644 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Benchmark reissued a "buy" rating and issued a $62.00 price objective on shares of Matador Resources in a research report on Friday, January 17th. Mizuho dropped their price target on Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. reduced their price objective on shares of Matador Resources from $76.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company cut their target price on shares of Matador Resources from $90.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 25th. Finally, Raymond James decreased their price target on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $73.79.

Insider Buying and Selling at Matador Resources

In related news, CAO Robert T. Macalik bought 1,200 shares of Matador Resources stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $47.98 per share, with a total value of $57,576.00. Following the transaction, the chief accounting officer now directly owns 31,000 shares of the company's stock, valued at approximately $1,487,380. The trade was a 4.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy E. Parker purchased 2,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $44.67 per share, with a total value of $89,340.00. Following the purchase, the director now owns 83,790 shares in the company, valued at $3,742,899.30. The trade was a 2.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 21,350 shares of company stock worth $1,100,769 in the last quarter. 6.10% of the stock is currently owned by company insiders.

Matador Resources Stock Down 14.3 %

Shares of NYSE MTDR traded down $6.37 during trading on Friday, hitting $38.21. The stock had a trading volume of 5,566,682 shares, compared to its average volume of 1,512,176. The firm has a fifty day moving average of $52.76 and a two-hundred day moving average of $54.78. The company has a market capitalization of $4.78 billion, a PE ratio of 5.35 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 has a 12 month low of $37.98 and a 12 month high of $71.08.

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

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.3125 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.25 annualized dividend and a yield of 3.27%. This is a boost from Matador Resources's previous quarterly dividend of $0.25. Matador Resources's payout ratio is currently 17.51%.

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.