Matador Resources (NYSE:MTDR) Shares Sold by Homestead Advisers Corp

Homestead Advisers Corp decreased its holdings in Matador Resources (NYSE:MTDR - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,700 shares of the energy company's stock after selling 6,000 shares during the period. Homestead Advisers Corp's holdings in Matador Resources were worth $2,740,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MTDR. Copeland Capital Management LLC increased its position in shares of Matador Resources by 145.2% during the 4th quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company's stock valued at $72,223,000 after purchasing an additional 760,122 shares during the last quarter. Yaupon Capital Management LP increased its position in Matador Resources by 565.4% during the third quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company's stock valued at $36,770,000 after acquiring an additional 632,218 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Matador Resources in the fourth quarter valued at $22,509,000. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Matador Resources by 57.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 959,795 shares of the energy company's stock worth $53,998,000 after acquiring an additional 349,820 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Matador Resources by 30.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,286,444 shares of the energy company's stock worth $72,375,000 after purchasing an additional 302,221 shares during the period. 91.98% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

MTDR has been the subject of several recent analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $70.00 target price on shares of Matador Resources in a research report on Wednesday, January 15th. Truist Financial increased their target price on Matador Resources from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Stephens boosted their target price on shares of Matador Resources from $78.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Mizuho reduced their price target on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Finally, Benchmark reissued a "buy" rating and issued a $62.00 price objective on shares of Matador Resources in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $73.79.

Matador Resources Stock Up 1.7 %

Shares of NYSE:MTDR traded up $0.87 during trading on Monday, reaching $51.38. The stock had a trading volume of 319,805 shares, compared to its average volume of 1,383,241. The firm's 50-day simple moving average is $54.28 and its 200 day simple moving average is $54.92. 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 has a one year low of $43.89 and a one year high of $71.08. The company has a market capitalization of $6.43 billion, a P/E ratio of 7.19 and a beta of 3.17.

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

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.3125 per share. This is a positive change from Matador Resources's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.43%. Matador Resources's payout ratio is presently 17.51%.

Insider Activity

In other Matador Resources news, COO Christopher P. Calvert purchased 1,300 shares of Matador Resources stock in a transaction on Friday, February 21st. The stock was bought at an average cost of $55.17 per share, with a total value of $71,721.00. Following the transaction, the chief operating officer now 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Van H. Singleton II acquired 2,000 shares of the business's stock in a transaction dated Friday, February 21st. The stock was acquired at an average price of $53.21 per share, for a total transaction of $106,420.00. Following the purchase, the insider now directly owns 289,135 shares of the company's stock, valued at approximately $15,384,873.35. This trade represents a 0.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 21,350 shares of company stock worth $1,100,769 over the last 90 days. 6.10% of the stock is currently owned by corporate insiders.

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.