Heartland Advisors Inc. Acquires New Position in Matador Resources (NYSE:MTDR)

Heartland Advisors Inc. purchased a new position in Matador Resources (NYSE:MTDR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 107,337 shares of the energy company's stock, valued at approximately $6,039,000. Heartland Advisors Inc. owned approximately 0.09% of Matador Resources at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. TCTC Holdings LLC boosted its holdings in shares of Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock worth $28,000 after purchasing an additional 175 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock worth $28,000 after buying an additional 256 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Matador Resources by 68.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock worth $29,000 after buying an additional 207 shares in the last quarter. SRS Capital Advisors Inc. grew its position in Matador Resources by 359.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock valued at $33,000 after acquiring an additional 453 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in shares of Matador Resources during the third quarter worth approximately $37,000. Hedge funds and other institutional investors own 91.98% of the company's stock.

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Matador Resources Trading Up 1.6 %

Shares of MTDR traded up $0.81 during trading hours on Wednesday, reaching $51.92. 246,416 shares of the company traded hands, compared to its average volume of 1,491,058. Matador Resources has a 12 month low of $43.89 and a 12 month high of $71.08. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The company's fifty day moving average price is $53.79 and its two-hundred day moving average price is $54.94. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 7.27 and a beta of 3.17.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its 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). The firm had revenue of $970.37 million for the quarter, compared to analysts' expectations of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. Equities research analysts predict that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.3125 dividend. This is an increase from Matador Resources's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a yield of 2.41%. Matador Resources's dividend payout ratio is 17.51%.

Insider Activity

In other Matador Resources news, CEO Joseph Wm Foran purchased 6,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average cost of $53.94 per share, with a total value of $323,640.00. Following the transaction, the chief executive officer now directly owns 39,379 shares in the company, valued at approximately $2,124,103.26. The trade was a 17.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Robert T. Macalik acquired 1,200 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $47.98 per share, for a total transaction of $57,576.00. Following the acquisition, the chief accounting officer now owns 31,000 shares of the company's stock, valued at approximately $1,487,380. This trade represents a 4.03 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 21,350 shares of company stock worth $1,100,769. Corporate insiders own 6.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MTDR shares. Raymond James reduced their target price on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. JPMorgan Chase & Co. reduced their price objective on Matador Resources from $76.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Wolfe Research raised Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 target price for the company in a research note on Friday, January 3rd. Truist Financial increased their target price on Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a report on Monday, January 13th. Finally, Wells Fargo & Company decreased their price target on Matador Resources from $90.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $73.79.

Matador Resources Company 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.