Loomis Sayles & Co. L P Sells 13,979 Shares of Matador Resources (NYSE:MTDR)

Loomis Sayles & Co. L P reduced its position in shares of Matador Resources (NYSE:MTDR - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 441,683 shares of the energy company's stock after selling 13,979 shares during the period. Loomis Sayles & Co. L P owned about 0.35% of Matador Resources worth $24,849,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in Matador Resources by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,926 shares of the energy company's stock worth $70,914,000 after buying an additional 57,254 shares during the period. Citigroup Inc. lifted its stake in Matador Resources by 40.1% during the third quarter. Citigroup Inc. now owns 138,580 shares of the energy company's stock valued at $6,849,000 after buying an additional 39,630 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Matador Resources by 42.8% in the third quarter. Cerity Partners LLC now owns 69,082 shares of the energy company's stock worth $3,414,000 after buying an additional 20,700 shares during the period. Dynamic Technology Lab Private Ltd grew its position in Matador Resources by 194.0% during the third quarter. Dynamic Technology Lab Private Ltd now owns 16,534 shares of the energy company's stock valued at $817,000 after purchasing an additional 10,910 shares in the last quarter. Finally, FMR LLC boosted its position in Matador Resources by 162.9% during the third quarter. FMR LLC now owns 478,795 shares of the energy company's stock valued at $23,662,000 after purchasing an additional 296,663 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Matador Resources

In other Matador Resources news, Director Timothy E. Parker acquired 2,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $44.67 per share, with a total value of $89,340.00. Following the completion of the purchase, the director now directly owns 83,790 shares of the company's stock, valued at approximately $3,742,899.30. The trade was a 2.45 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Glenn W. Stetson bought 1,000 shares of the firm's stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of $53.06 per share, with a total value of $53,060.00. Following the completion of the acquisition, the executive vice president now directly owns 91,680 shares of the company's stock, valued at approximately $4,864,540.80. The trade was a 1.10 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 21,350 shares of company stock valued at $1,100,769 in the last three months. Company insiders own 6.10% of the company's stock.

Analyst Ratings Changes

MTDR has been the subject of several recent analyst reports. Wolfe Research upgraded Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price target for the company in a research note on Friday, January 3rd. Morgan Stanley reduced their target price on shares of Matador Resources from $84.00 to $68.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. TD Cowen lifted their price objective on Matador Resources from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Raymond James reduced their target price on Matador Resources from $77.00 to $67.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. Finally, Benchmark reissued a "buy" rating and issued a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $73.79.

Matador Resources Trading Down 0.1 %

Shares of NYSE:MTDR traded down $0.06 during midday trading on Tuesday, hitting $51.03. 238,697 shares of the stock were exchanged, compared to its average volume of 1,492,444. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 7.13 and a beta of 3.17. The business's 50-day moving average price is $54.02 and its 200 day moving average price is $54.93. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. Matador Resources has a 12 month low of $43.89 and a 12 month high of $71.08.

Matador Resources (NYSE:MTDR - Get Free Report) last issued 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). 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 for the quarter, compared to analyst estimates of $967.10 million. Analysts predict that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.3125 per share. 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. This represents a $1.25 dividend on an annualized basis and a yield of 2.45%. Matador Resources's payout ratio 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.