Charles Schwab Investment Management Inc. Has $83.92 Million Stake in Matador Resources (NYSE:MTDR)

Charles Schwab Investment Management Inc. lifted its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,491,570 shares of the energy company's stock after acquiring an additional 56,644 shares during the period. Charles Schwab Investment Management Inc. owned 1.20% of Matador Resources worth $83,916,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MTDR. QRG Capital Management Inc. grew its holdings in shares of Matador Resources by 13.2% during the 3rd quarter. QRG Capital Management Inc. now owns 5,133 shares of the energy company's stock worth $254,000 after purchasing an additional 598 shares during the period. Verdence Capital Advisors LLC lifted its position in shares of Matador Resources by 19.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,149 shares of the energy company's stock worth $353,000 after purchasing an additional 1,153 shares during the last quarter. Covestor Ltd lifted its position in shares of Matador Resources by 154.8% during the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company's stock worth $52,000 after purchasing an additional 644 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of Matador Resources by 176.1% during the 3rd quarter. GSA Capital Partners LLP now owns 9,620 shares of the energy company's stock worth $475,000 after purchasing an additional 6,136 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Matador Resources by 2.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company's stock worth $136,009,000 after purchasing an additional 72,077 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company's stock.

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Insider Transactions at Matador Resources

In related news, EVP William Thomas Elsener purchased 800 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the completion of the acquisition, the executive vice president now owns 102,964 shares in the company, valued at $5,827,762.40. This trade represents a 0.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy E. Parker purchased 2,000 shares of the firm's stock in a transaction that occurred on 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 completion of the acquisition, the director now owns 83,790 shares of the company's stock, valued at $3,742,899.30. This trade represents a 2.45 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 21,530 shares of company stock worth $1,119,092. 6.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wolfe Research raised shares of Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price target for the company in a research report on Friday, January 3rd. Wells Fargo & Company lifted their price objective on shares of Matador Resources from $87.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. 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. Morgan Stanley began coverage on shares of Matador Resources in a research note on Friday, January 10th. They set an "equal weight" rating and a $78.00 price target on the stock. Finally, Raymond James dropped their price target on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research note on Monday. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, Matador Resources has a consensus rating of "Moderate Buy" and a consensus target price of $74.60.

Matador Resources Trading Up 4.5 %

MTDR stock traded up $2.01 on Tuesday, hitting $47.03. 2,240,824 shares of the company were exchanged, compared to its average volume of 1,311,503. Matador Resources has a twelve month low of $43.89 and a twelve month high of $71.08. 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 business's fifty day moving average is $56.82 and its two-hundred day moving average is $55.19. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 6.59 and a beta of 3.17.

Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings results 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 net margin of 25.26% and a return on equity of 18.52%. The firm had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. As a group, research analysts forecast that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given 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 dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, February 28th. Matador Resources's dividend payout ratio (DPR) is presently 17.51%.

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.