Matador Resources (NYSE:MTDR) Shares Bought by Axiom Investors LLC DE

Axiom Investors LLC DE boosted its position in Matador Resources (NYSE:MTDR - Free Report) by 30.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 214,164 shares of the energy company's stock after purchasing an additional 50,109 shares during the quarter. Axiom Investors LLC DE owned about 0.17% of Matador Resources worth $12,049,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intrust Bank NA raised its position in shares of Matador Resources by 11.0% in the fourth quarter. Intrust Bank NA now owns 12,599 shares of the energy company's stock valued at $709,000 after buying an additional 1,244 shares during the last quarter. Heartland Advisors Inc. purchased a new stake in Matador Resources during the 4th quarter valued at about $6,039,000. Premier Fund Managers Ltd raised its holdings in Matador Resources by 33.6% in the 4th quarter. Premier Fund Managers Ltd now owns 17,360 shares of the energy company's stock valued at $961,000 after acquiring an additional 4,368 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in Matador Resources by 7.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 16,871 shares of the energy company's stock worth $949,000 after purchasing an additional 1,149 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Matador Resources during the 4th quarter worth approximately $1,451,000. Hedge funds and other institutional investors own 91.98% of the company's stock.

Matador Resources Stock Up 2.2 %

Shares of MTDR traded up $1.14 during mid-day trading on Wednesday, hitting $52.25. 1,123,665 shares of the company's stock were exchanged, compared to its average volume of 1,494,445. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 7.32 and a beta of 3.17. The stock's 50-day moving average is $53.79 and its 200-day moving average is $54.94. Matador Resources has a fifty-two week low of $43.89 and a fifty-two week high of $71.08.

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Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly 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). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The business had revenue of $970.37 million during the quarter, compared to analysts' expectations of $967.10 million. On average, sell-side analysts anticipate that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on MTDR. Wolfe Research upgraded Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price objective on the stock in a research report on Friday, January 3rd. Morgan Stanley lowered their price target on shares of Matador Resources from $84.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. JPMorgan Chase & Co. cut 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. Stephens increased their price target on shares of Matador Resources from $78.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Finally, Benchmark reaffirmed a "buy" rating and set a $62.00 price target on shares of Matador Resources in a research report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.79.

Insiders Place Their Bets

In other news, COO Christopher P. Calvert acquired 1,300 shares of Matador Resources stock in a transaction dated Friday, February 21st. The shares were acquired at an average cost of $55.17 per share, for a total transaction of $71,721.00. Following the acquisition, the chief operating officer now owns 34,000 shares of the company's stock, valued at $1,875,780. This trade represents a 3.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Robert T. Macalik bought 1,200 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $47.98 per share, with a total value of $57,576.00. Following the purchase, the chief accounting officer now owns 31,000 shares of the company's stock, valued at approximately $1,487,380. This represents a 4.03 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 21,350 shares of company stock worth $1,100,769 in the last quarter. 6.10% of the stock is owned by company insiders.

Matador Resources 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.