Matador Resources (NYSE:MTDR) Stake Increased by LSV Asset Management

LSV Asset Management lifted its holdings in Matador Resources (NYSE:MTDR - Free Report) by 262.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,517,308 shares of the energy company's stock after purchasing an additional 1,098,108 shares during the quarter. LSV Asset Management owned 1.22% of Matador Resources worth $85,364,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in MTDR. TCTC Holdings LLC grew its stake in Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Matador Resources by 68.3% during the fourth 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 period. Atria Investments Inc grew its position in Matador Resources by 3.1% during the 4th quarter. Atria Investments Inc now owns 8,188 shares of the energy company's stock worth $461,000 after acquiring an additional 249 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Matador Resources by 108.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock worth $28,000 after purchasing an additional 256 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Matador Resources by 0.8% in the fourth quarter. Arizona State Retirement System now owns 34,413 shares of the energy company's stock valued at $1,936,000 after purchasing an additional 280 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

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Matador Resources Stock Performance

Shares of MTDR traded up $1.65 during trading hours on Wednesday, hitting $40.60. The stock had a trading volume of 787,604 shares, compared to its average volume of 1,551,360. Matador Resources has a fifty-two week low of $35.19 and a fifty-two week high of $67.72. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 5.69 and a beta of 2.74. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The firm has a 50-day moving average price of $49.25 and a 200 day moving average price of $54.01.

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 (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The business had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. As a group, research analysts anticipate that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently disclosed 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 is a boost from Matador Resources's previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Friday, February 28th. Matador Resources's dividend payout ratio is currently 17.51%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. cut their target price on Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Raymond James lowered their price target on Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. TD Cowen boosted their price target on Matador Resources from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Truist Financial raised their target price on shares of Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a report on Monday, January 13th. Finally, Royal Bank of Canada cut their price target on Matador Resources from $70.00 to $62.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $73.36.

Insider Transactions at Matador Resources

In other news, CAO Robert T. Macalik purchased 1,200 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $47.98 per share, with a total value of $57,576.00. Following the completion of the acquisition, the chief accounting officer now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy E. Parker purchased 2,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $44.67 per share, for a total transaction of $89,340.00. Following the completion of the purchase, the director now owns 83,790 shares in the company, valued at approximately $3,742,899.30. This trade represents a 2.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 21,350 shares of company stock worth $1,100,769. Corporate insiders own 6.10% of the company's stock.

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.