Dana Investment Advisors Inc. Decreases Stake in Matador Resources (NYSE:MTDR)

Dana Investment Advisors Inc. lessened its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 59.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,128 shares of the energy company's stock after selling 16,094 shares during the period. Dana Investment Advisors Inc.'s holdings in Matador Resources were worth $626,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its stake in shares of Matador Resources by 2.7% in the third quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company's stock worth $136,009,000 after buying an additional 72,077 shares in the last quarter. Geode Capital Management LLC increased its holdings in Matador Resources by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company's stock worth $99,297,000 after buying an additional 36,921 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Matador Resources by 3.9% in the 4th 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. Wasatch Advisors LP lifted its stake in Matador Resources by 4.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,287,587 shares of the energy company's stock valued at $63,633,000 after acquiring an additional 52,498 shares during the period. Finally, Copeland Capital Management LLC boosted its holdings in shares of Matador Resources by 145.2% during the 4th quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company's stock valued at $72,223,000 after acquiring an additional 760,122 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company's stock.

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Matador Resources Stock Performance

NYSE MTDR traded up $1.33 on Wednesday, reaching $48.33. 1,813,543 shares of the stock were exchanged, compared to its average volume of 1,314,223. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. Matador Resources has a one year low of $43.89 and a one year high of $71.08. The firm has a market capitalization of $6.05 billion, a PE ratio of 6.77 and a beta of 3.17. The company's 50-day simple moving average is $56.82 and its two-hundred day simple moving average is $55.19.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) 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. Analysts expect that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.3125 per share. The ex-dividend date is Friday, February 28th. This is a boost from Matador Resources's previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a yield of 2.59%. Matador Resources's dividend payout ratio (DPR) is currently 17.51%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MTDR. TD Cowen boosted their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Royal Bank of Canada reiterated an "outperform" rating and set a $70.00 target price on shares of Matador Resources in a research note on Wednesday, January 15th. Raymond James dropped their price target on Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research note on Monday. Morgan Stanley started coverage on Matador Resources in a report on Friday, January 10th. They issued an "equal weight" rating and a $78.00 price objective for the company. Finally, Wells Fargo & Company increased their target price on Matador Resources from $87.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Matador Resources presently has an average rating of "Moderate Buy" and an average target price of $74.60.

Insider Activity

In related news, EVP William Thomas Elsener acquired 800 shares of Matador Resources stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $56.60 per share, for a total transaction of $45,280.00. Following the completion of the transaction, the executive vice president now directly owns 102,964 shares in the company, valued at approximately $5,827,762.40. This represents a 0.78 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Robert T. Macalik bought 1,200 shares of the stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $47.98 per share, for a total transaction of $57,576.00. Following the acquisition, the chief accounting officer now directly 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 acquired 21,830 shares of company stock worth $1,132,652 over the last ninety days. Corporate insiders own 6.10% of the company's stock.

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.