Allspring Global Investments Holdings LLC Boosts Stock Position in Matador Resources (NYSE:MTDR)

Allspring Global Investments Holdings LLC increased its position in Matador Resources (NYSE:MTDR - Free Report) by 16.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 139,254 shares of the energy company's stock after buying an additional 20,172 shares during the period. Allspring Global Investments Holdings LLC owned about 0.11% of Matador Resources worth $8,088,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MTDR. Raymond James & Associates boosted its holdings in Matador Resources by 8.3% in the 3rd quarter. Raymond James & Associates now owns 217,895 shares of the energy company's stock worth $10,768,000 after buying an additional 16,681 shares during the period. Foundations Investment Advisors LLC bought a new position in Matador Resources in the 3rd quarter worth $202,000. Signaturefd LLC boosted its holdings in Matador Resources by 26.8% in the 3rd quarter. Signaturefd LLC now owns 2,685 shares of the energy company's stock worth $133,000 after buying an additional 568 shares during the period. Greenleaf Trust boosted its holdings in Matador Resources by 3.8% in the 3rd quarter. Greenleaf Trust now owns 7,086 shares of the energy company's stock worth $350,000 after buying an additional 260 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Matador Resources by 43.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,517 shares of the energy company's stock worth $520,000 after buying an additional 3,181 shares during the period. Institutional investors own 91.98% of the company's stock.

Wall Street Analyst Weigh In

MTDR has been the topic of several research analyst reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $70.00 price target on shares of Matador Resources in a research note on Wednesday, January 15th. JPMorgan Chase & Co. decreased their price target on shares of Matador Resources from $77.00 to $71.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. TD Cowen boosted their price target on shares of Matador Resources from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Wells Fargo & Company boosted their price target on shares of Matador Resources from $87.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 17th. Finally, Stephens boosted their price target on shares of Matador Resources from $78.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Matador Resources has a consensus rating of "Moderate Buy" and a consensus price target of $75.14.

Insiders Place Their Bets

In other Matador Resources news, EVP William Thomas Elsener acquired 800 shares of the company's stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the completion of the purchase, the executive vice president now owns 102,964 shares in the company, valued at approximately $5,827,762.40. This trade represents a 0.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Joseph Wm Foran bought 2,000 shares of the stock in a transaction on Friday, December 6th. The stock was purchased at an average price of $55.18 per share, with a total value of $110,360.00. Following the completion of the purchase, the chief executive officer now owns 42,251 shares of the company's stock, valued at $2,331,410.18. This represents a 4.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 2,980 shares of company stock worth $165,988 in the last three months. Corporate insiders own 6.10% of the company's stock.

Matador Resources Price Performance

Shares of NYSE MTDR traded down $3.38 during mid-day trading on Friday, hitting $53.10. 1,832,748 shares of the company's stock traded hands, compared to its average volume of 1,089,588. The company's 50-day moving average is $58.25 and its two-hundred day moving average is $55.79. 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 company has a market capitalization of $6.62 billion, a P/E ratio of 7.44 and a beta of 3.22. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08.

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

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.3125 dividend. 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 yield of 2.35%. The ex-dividend date of this dividend is Friday, February 28th. Matador Resources's dividend payout ratio is currently 14.01%.

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.