Barclays PLC Boosts Stock Position in Matador Resources (NYSE:MTDR)

Barclays PLC boosted its stake in Matador Resources (NYSE:MTDR - Free Report) by 16.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 190,035 shares of the energy company's stock after buying an additional 26,289 shares during the period. Barclays PLC owned 0.15% of Matador Resources worth $9,391,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MTDR. Boston Trust Walden Corp purchased a new position in shares of Matador Resources in the 3rd quarter valued at approximately $51,788,000. Yaupon Capital Management LP lifted its position in Matador Resources by 565.4% during the third quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company's stock valued at $36,770,000 after buying an additional 632,218 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Matador Resources by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company's stock valued at $282,196,000 after buying an additional 356,506 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Matador Resources in the 2nd quarter worth about $18,747,000. Finally, FMR LLC increased its stake in shares of Matador Resources by 162.9% in the 3rd quarter. FMR LLC now owns 478,795 shares of the energy company's stock worth $23,662,000 after acquiring an additional 296,663 shares in the last quarter. 91.98% of the stock is owned by institutional investors.

Insider Transactions at Matador Resources

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

Matador Resources Stock Performance

NYSE MTDR traded down $2.27 during trading hours on Wednesday, hitting $53.42. 1,001,926 shares of the company's stock traded hands, compared to its average volume of 1,492,947. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08. The firm has a market capitalization of $6.67 billion, a P/E ratio of 7.08 and a beta of 3.26. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The business's fifty day moving average price is $55.53 and its two-hundred day moving average price is $56.27.

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

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a $0.25 dividend. This is a boost from Matador Resources's previous quarterly dividend of $0.20. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.87%. Matador Resources's dividend payout ratio is presently 13.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MTDR shares. Stephens upped their price objective on shares of Matador Resources from $78.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Benchmark restated a "buy" rating and issued a $62.00 price target on shares of Matador Resources in a research note on Wednesday, October 23rd. Mizuho lowered their price objective on Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a research note on Monday. JPMorgan Chase & Co. cut their target price on Matador Resources from $77.00 to $71.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Finally, KeyCorp reduced their price target on Matador Resources from $76.00 to $72.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Matador Resources presently has a consensus rating of "Moderate Buy" and an average target price of $75.31.

About Matador Resources

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.