William Blair Investment Management LLC Boosts Holdings in Matador Resources (NYSE:MTDR)

William Blair Investment Management LLC lifted its holdings in shares of Matador Resources (NYSE:MTDR - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 551,106 shares of the energy company's stock after acquiring an additional 11,256 shares during the period. William Blair Investment Management LLC owned 0.44% of Matador Resources worth $31,005,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MTDR. GSA Capital Partners LLP grew its position in shares of Matador Resources by 176.1% during the third quarter. GSA Capital Partners LLP now owns 9,620 shares of the energy company's stock worth $475,000 after acquiring an additional 6,136 shares during the last quarter. KBC Group NV grew its position in Matador Resources by 14.5% in the 3rd quarter. KBC Group NV now owns 3,453 shares of the energy company's stock valued at $171,000 after buying an additional 436 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Matador Resources by 0.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 984,223 shares of the energy company's stock valued at $48,641,000 after buying an additional 4,572 shares during the last quarter. Quest Partners LLC purchased a new position in Matador Resources in the 3rd quarter valued at $1,286,000. Finally, Lindenwold Advisors INC grew its position in Matador Resources by 5.1% in the 3rd quarter. Lindenwold Advisors INC now owns 6,650 shares of the energy company's stock valued at $329,000 after buying an additional 321 shares during the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

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Matador Resources Price Performance

Shares of NYSE:MTDR traded down $0.72 during midday trading on Friday, hitting $51.59. 2,350,222 shares of the stock were exchanged, compared to its average volume of 1,465,204. The stock has a market cap of $6.46 billion, a P/E ratio of 7.23 and a beta of 3.17. 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 twelve month low of $43.89 and a twelve month high of $71.08. The company has a 50 day moving average price of $55.39 and a 200-day moving average price of $54.82.

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). The firm had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. On average, research analysts forecast that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The business also recently disclosed 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. This represents a $1.25 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from Matador Resources's previous quarterly dividend of $0.25. Matador Resources's dividend payout ratio (DPR) is currently 17.51%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Matador Resources in a research report on Friday, January 10th. They issued an "equal weight" rating and a $78.00 price objective on the stock. Wells Fargo & Company lifted their price objective on shares of Matador Resources from $87.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. lowered their price objective on shares of Matador Resources from $76.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Mizuho lowered their price objective on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a research report on Monday, December 16th. Finally, Benchmark reiterated a "buy" rating and issued a $62.00 price objective on shares of Matador Resources in a research report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Matador Resources has an average rating of "Moderate Buy" and a consensus target price of $74.20.

Insider Buying and Selling

In related news, Director Paul W. Harvey acquired 600 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average price of $55.20 per share, for a total transaction of $33,120.00. Following the transaction, the director now owns 27,917 shares in the company, valued at $1,541,018.40. This trade represents a 2.20 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph Wm Foran acquired 6,000 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average price of $53.94 per share, with a total value of $323,640.00. Following the transaction, the chief executive officer now owns 39,379 shares in the company, valued at $2,124,103.26. This represents a 17.98 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 21,350 shares of company stock worth $1,100,769. 6.10% of the stock is 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.