Massachusetts Financial Services Co. MA Purchases 258,958 Shares of Matador Resources (NYSE:MTDR)

Massachusetts Financial Services Co. MA lifted its holdings in Matador Resources (NYSE:MTDR - Free Report) by 18.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,669,957 shares of the energy company's stock after buying an additional 258,958 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.34% of Matador Resources worth $93,952,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. FMR LLC increased 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 acquiring an additional 296,663 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Matador Resources by 71.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 26,959 shares of the energy company's stock worth $1,332,000 after purchasing an additional 11,218 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Matador Resources by 14.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,843 shares of the energy company's stock worth $1,030,000 after acquiring an additional 2,578 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Matador Resources by 19.5% in the 3rd quarter. Captrust Financial Advisors now owns 44,469 shares of the energy company's stock worth $2,198,000 after buying an additional 7,254 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Matador Resources by 6.4% in the 3rd quarter. Janus Henderson Group PLC now owns 96,097 shares of the energy company's stock worth $4,749,000 after acquiring an additional 5,790 shares during the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insiders Place Their Bets

In other news, Director Paul W. Harvey acquired 600 shares of the company's stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of $55.20 per share, with a total value of $33,120.00. Following the acquisition, the director now owns 27,917 shares of the company's stock, valued at $1,541,018.40. This trade represents a 2.20 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Robert T. Macalik acquired 1,200 shares of the business's stock in a transaction that occurred 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 completion of the acquisition, the chief accounting officer now directly owns 31,000 shares of the company's stock, valued at $1,487,380. This trade represents a 4.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 21,350 shares of company stock valued at $1,100,769. 6.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MTDR shares. Wolfe Research upgraded Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price target on the stock in a report on Friday, January 3rd. Wells Fargo & Company decreased their price target on Matador Resources from $90.00 to $87.00 and set an "overweight" rating for the company in a report on Tuesday, March 25th. Truist Financial boosted their price objective on Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Benchmark restated a "buy" rating and issued a $62.00 price objective on shares of Matador Resources in a report on Friday, January 17th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $70.00 price objective on shares of Matador Resources in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $73.50.

Matador Resources Stock Down 10.3 %

MTDR stock traded down $4.39 during mid-day trading on Thursday, hitting $38.11. The stock had a trading volume of 940,028 shares, compared to its average volume of 1,538,174. The company has a fifty day moving average of $50.75 and a 200 day moving average of $54.32. Matador Resources has a 1-year low of $35.19 and a 1-year high of $71.08. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 5.34 and a beta of 2.74. 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 (NYSE:MTDR - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. On average, equities analysts expect that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.3125 per share. The ex-dividend date was Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.28%. This is a boost from Matador Resources's previous quarterly dividend of $0.25. Matador Resources's dividend payout ratio (DPR) is 17.51%.

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.