Matador Resources (NYSE:MTDR) Stock Position Raised by First Eagle Investment Management LLC

First Eagle Investment Management LLC increased its position in shares of Matador Resources (NYSE:MTDR - Free Report) by 4.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 325,335 shares of the energy company's stock after purchasing an additional 14,550 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.26% of Matador Resources worth $18,303,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in shares of Matador Resources by 108.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock valued at $28,000 after purchasing an additional 256 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock valued at $29,000 after purchasing an additional 207 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of Matador Resources by 359.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock valued at $33,000 after purchasing an additional 453 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of Matador Resources in the 3rd quarter valued at $37,000. Finally, Denver PWM LLC lifted its stake in shares of Matador Resources by 67.2% in the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company's stock valued at $37,000 after purchasing an additional 303 shares during the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MTDR shares. Mizuho cut their price objective on Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Royal Bank of Canada reiterated an "outperform" rating and issued a $70.00 price objective on shares of Matador Resources in a report on Wednesday, January 15th. Stephens boosted their price objective on Matador Resources from $78.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Truist Financial boosted their price objective on Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. cut their price objective on Matador Resources from $76.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $74.20.

Matador Resources Stock Up 0.3 %

MTDR traded up $0.18 on Tuesday, reaching $50.54. The company's stock had a trading volume of 1,573,067 shares, compared to its average volume of 1,454,230. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 7.08 and a beta of 3.17. Matador Resources has a 1 year low of $43.89 and a 1 year 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 50 day moving average is $56.07 and its 200 day moving average is $54.94.

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 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 business had revenue of $970.37 million during the quarter, compared to analysts' expectations of $967.10 million. As a group, research analysts forecast that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.47%. 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 dividend payout ratio is presently 17.51%.

Insider Transactions at Matador Resources

In other Matador Resources news, COO Christopher P. Calvert acquired 1,300 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of $55.17 per share, with a total value of $71,721.00. Following the acquisition, the chief operating officer now directly owns 34,000 shares of the company's stock, valued at $1,875,780. This represents a 3.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph Wm Foran purchased 6,000 shares of the firm's stock in a transaction on Friday, February 21st. The shares were purchased at an average cost of $53.94 per share, with a total value of $323,640.00. Following the completion of the purchase, the chief executive officer now owns 39,379 shares in the company, valued at $2,124,103.26. This represents a 17.98 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 21,350 shares of company stock worth $1,100,769. 6.10% of the stock is currently 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.