Mesirow Institutional Investment Management Inc. Has $13.83 Million Stake in Matador Resources (NYSE:MTDR)

Mesirow Institutional Investment Management Inc. boosted its position in shares of Matador Resources (NYSE:MTDR - Free Report) by 37.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 245,750 shares of the energy company's stock after buying an additional 66,376 shares during the quarter. Mesirow Institutional Investment Management Inc. owned approximately 0.20% of Matador Resources worth $13,826,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MTDR. Stifel Financial Corp lifted its holdings in Matador Resources by 81.2% in the third quarter. Stifel Financial Corp now owns 30,304 shares of the energy company's stock valued at $1,498,000 after buying an additional 13,583 shares during the period. Barclays PLC lifted its stake in shares of Matador Resources by 16.1% in the 3rd quarter. Barclays PLC now owns 190,035 shares of the energy company's stock valued at $9,391,000 after purchasing an additional 26,289 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Matador Resources in the 3rd quarter worth $300,000. Tidal Investments LLC acquired a new stake in shares of Matador Resources during the third quarter worth $423,000. Finally, Synovus Financial Corp grew its stake in shares of Matador Resources by 32.1% during the third quarter. Synovus Financial Corp now owns 22,753 shares of the energy company's stock worth $1,124,000 after purchasing an additional 5,529 shares during the period. 91.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Paul W. Harvey purchased 600 shares of the business's stock in a transaction 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 completion of the purchase, the director now directly owns 27,917 shares in the company, valued at $1,541,018.40. The trade was a 2.20 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Robert T. Macalik acquired 1,200 shares of the stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $47.98 per share, for a total transaction of $57,576.00. Following the completion of the purchase, the chief accounting officer now directly owns 31,000 shares in the company, valued at $1,487,380. The trade was a 4.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 21,350 shares of company stock worth $1,100,769 in the last quarter. Corporate insiders own 6.10% of the company's stock.

Matador Resources Stock Down 0.5 %

Matador Resources stock traded down $0.20 during midday trading on Wednesday, reaching $40.82. The stock had a trading volume of 3,438,548 shares, compared to its average volume of 1,566,104. Matador Resources has a 1-year low of $35.19 and a 1-year high of $67.51. 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's fifty day simple moving average is $47.23 and its 200-day simple moving average is $53.55. The stock has a market capitalization of $5.11 billion, a P/E ratio of 5.72 and a beta of 2.74.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The energy company reported $1.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.03. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. As a group, analysts expect that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.3125 per share. The ex-dividend date is Friday, May 9th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.06%. Matador Resources's dividend payout ratio is 17.51%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MTDR. KeyCorp reduced their target price on Matador Resources from $72.00 to $60.00 and set an "overweight" rating on the stock in a report on Monday. UBS Group assumed coverage on shares of Matador Resources in a research note on Tuesday. They set a "neutral" rating and a $47.00 price objective on the stock. Wells Fargo & Company lowered their target price on shares of Matador Resources from $87.00 to $86.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Benchmark reissued a "buy" rating and set a $62.00 price target on shares of Matador Resources in a research report on Friday, January 17th. Finally, Wolfe Research upgraded shares of Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price objective for the company in a research report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $70.73.

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.