Matador Resources (NYSE:MTDR) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P increased its position in Matador Resources (NYSE:MTDR - Free Report) by 16.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 455,662 shares of the energy company's stock after acquiring an additional 65,487 shares during the period. Loomis Sayles & Co. L P owned approximately 0.37% of Matador Resources worth $22,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Trust Walden Corp acquired a new position in Matador Resources during the third quarter valued at $51,788,000. Dimensional Fund Advisors LP lifted its holdings in shares of Matador Resources by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company's stock valued at $282,196,000 after buying an additional 356,506 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Matador Resources in the second quarter worth about $18,747,000. Clearbridge Investments LLC grew its holdings in Matador Resources by 10.5% during the second quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company's stock worth $134,102,000 after acquiring an additional 214,334 shares during the period. Finally, AQR Capital Management LLC raised its position in Matador Resources by 157.0% during the second quarter. AQR Capital Management LLC now owns 334,646 shares of the energy company's stock valued at $19,945,000 after acquiring an additional 204,420 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial cut their price objective on shares of Matador Resources from $86.00 to $75.00 and set a "buy" rating for the company in a report on Monday, September 30th. Mizuho cut their price target on Matador Resources from $85.00 to $74.00 and set an "outperform" rating for the company in a research note on Monday, September 16th. Stephens increased their price target on Matador Resources from $76.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. KeyCorp cut their price objective on Matador Resources from $76.00 to $72.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. decreased their target price on Matador Resources from $77.00 to $71.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Matador Resources has a consensus rating of "Moderate Buy" and a consensus price target of $74.92.

Insider Buying and Selling

In related news, CEO Joseph Wm Foran purchased 2,500 shares of Matador Resources stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $51.47 per share, with a total value of $128,675.00. Following the completion of the transaction, the chief executive officer now directly owns 37,751 shares in the company, valued at approximately $1,943,043.97. The trade was a 7.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Robert T. Macalik bought 500 shares of Matador Resources stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $50.25 per share, with a total value of $25,125.00. Following the completion of the acquisition, the chief accounting officer now directly owns 29,800 shares in the company, valued at approximately $1,497,450. The trade was a 1.71 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 11,105 shares of company stock valued at $562,306 in the last three months. 6.10% of the stock is owned by corporate insiders.

Matador Resources Stock Down 0.6 %

Shares of NYSE:MTDR opened at $58.85 on Wednesday. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 7.79 and a beta of 3.26. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08. The business has a 50-day moving average price of $53.66 and a 200 day moving average price of $56.71. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.11. The firm had revenue of $770.20 million during the quarter, compared to analysts' expectations of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted $1.86 EPS. Sell-side analysts expect that Matador Resources will post 7.5 EPS for the current year.

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 15th. This is a positive change from Matador Resources's previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 1.70%. Matador Resources's dividend payout ratio (DPR) is 13.25%.

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.