7,815 Shares in Matador Resources (NYSE:MTDR) Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Matador Resources (NYSE:MTDR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,815 shares of the energy company's stock, valued at approximately $440,000.

Other hedge funds have also made changes to their positions in the company. TCTC Holdings LLC boosted its stake in Matador Resources by 53.8% during the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock worth $28,000 after buying an additional 175 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock worth $28,000 after purchasing an additional 256 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock worth $29,000 after purchasing an additional 207 shares during the period. SRS Capital Advisors Inc. boosted its holdings in Matador Resources by 359.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock valued at $33,000 after purchasing an additional 453 shares in the last quarter. Finally, Denver PWM LLC lifted its position in shares of Matador Resources by 67.2% during the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company's stock worth $37,000 after buying an additional 303 shares during the period. Institutional investors own 91.98% of the company's stock.

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Insider Activity at Matador Resources

In other news, Director Paul W. Harvey purchased 600 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was bought at an average price of $55.20 per share, with a total value of $33,120.00. Following the acquisition, the director now directly owns 27,917 shares of the company's stock, valued at approximately $1,541,018.40. This represents a 2.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Joseph Wm Foran acquired 6,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was purchased 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 21,350 shares of company stock worth $1,100,769. 6.10% of the stock is owned by insiders.

Matador Resources Trading Down 0.3 %

Shares of NYSE MTDR traded down $0.13 during mid-day trading on Monday, hitting $38.25. The company's stock had a trading volume of 4,005,936 shares, compared to its average volume of 1,522,111. Matador Resources has a one year low of $35.61 and a one year high of $71.08. The company's fifty day simple moving average is $52.34 and its 200-day simple moving average is $54.70. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 5.36 and a beta of 2.74.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $970.37 million during 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, sell-side analysts anticipate that Matador Resources will post 8.53 earnings per share for the current fiscal 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 paid a dividend of $0.3125 per share. 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. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.27%. Matador Resources's payout ratio is 17.51%.

Analyst Upgrades and Downgrades

MTDR has been the topic of several analyst reports. Benchmark reaffirmed a "buy" rating and issued a $62.00 target price on shares of Matador Resources in a report on Friday, January 17th. Truist Financial raised their price objective on shares of Matador Resources from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Wells Fargo & Company reduced their target price on Matador Resources from $90.00 to $87.00 and set an "overweight" rating on the stock in a report on Tuesday, March 25th. JPMorgan Chase & Co. cut their price objective on Matador Resources from $76.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Finally, TD Cowen increased their target price on Matador Resources from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Matador Resources presently has an average rating of "Moderate Buy" and an average target price of $73.79.

About Matador Resources

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.