Matador Resources (NYSE:MTDR) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in Matador Resources (NYSE:MTDR - Free Report) by 39.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 228,411 shares of the energy company's stock after purchasing an additional 64,043 shares during the quarter. Natixis Advisors LLC owned about 0.18% of Matador Resources worth $12,850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Matador Resources by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company's stock valued at $99,297,000 after purchasing an additional 36,921 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Matador Resources by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,491,570 shares of the energy company's stock valued at $83,916,000 after acquiring an additional 56,644 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Matador Resources by 4.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,287,587 shares of the energy company's stock valued at $63,633,000 after acquiring an additional 52,498 shares during the last quarter. Copeland Capital Management LLC increased its stake 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 acquiring an additional 760,122 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Matador Resources by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,217,645 shares of the energy company's stock valued at $68,505,000 after acquiring an additional 39,373 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company's stock.

Remove Ads

Insider Activity

In other Matador Resources news, Director Paul W. Harvey bought 600 shares of Matador Resources stock in a transaction dated Friday, February 21st. The stock was bought at an average cost of $55.20 per share, for a total transaction of $33,120.00. Following the purchase, the director now owns 27,917 shares in the company, valued at $1,541,018.40. This represents a 2.20 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Joseph Wm Foran bought 6,000 shares of Matador Resources stock in a transaction dated Friday, February 21st. The shares were acquired at an average price of $53.94 per share, with a total value of $323,640.00. Following the completion of the purchase, the chief executive officer now owns 39,379 shares in the company, valued at approximately $2,124,103.26. The trade was a 17.98 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 21,350 shares of company stock worth $1,100,769. 6.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MTDR shares. Wolfe Research raised 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 note on Friday, January 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $70.00 price objective on shares of Matador Resources in a research note on Wednesday, January 15th. Wells Fargo & Company upped their price objective on shares of Matador Resources from $87.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. Raymond James dropped their price objective on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Finally, Morgan Stanley started coverage on shares of Matador Resources in a research report on Friday, January 10th. They set an "equal weight" rating and a $78.00 target price for the company. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Matador Resources currently has a consensus rating of "Moderate Buy" and an average price target of $74.20.

Matador Resources Stock Down 1.4 %

NYSE MTDR traded down $0.72 on Friday, reaching $51.59. The company had a trading volume of 2,350,222 shares, compared to its average volume of 1,467,905. The firm has a market capitalization of $6.46 billion, a PE ratio of 7.23 and a beta of 3.17. Matador Resources has a 1 year low of $43.89 and a 1 year high of $71.08. The firm has a 50-day moving average of $55.39 and a 200-day moving average of $54.83. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84.

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 for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The company had revenue of $970.37 million during the quarter, compared to analysts' expectations of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. On average, equities research analysts anticipate that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently announced 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 boost from Matador Resources's previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Friday, February 28th. Matador Resources's dividend payout ratio is 17.51%.

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.