Boston Trust Walden Corp Buys New Shares in Matador Resources (NYSE:MTDR)

Boston Trust Walden Corp acquired a new stake in shares of Matador Resources (NYSE:MTDR - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,047,911 shares of the energy company's stock, valued at approximately $51,788,000. Boston Trust Walden Corp owned 0.84% of Matador Resources at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MTDR. Janney Montgomery Scott LLC purchased a new position in shares of Matador Resources during the 1st quarter worth about $828,000. Prevail Innovative Wealth Advisors LLC boosted its position in shares of Matador Resources by 28.6% during the first quarter. Prevail Innovative Wealth Advisors LLC now owns 37,163 shares of the energy company's stock valued at $2,481,000 after buying an additional 8,254 shares during the period. Capstone Investment Advisors LLC boosted its position in shares of Matador Resources by 1,029.1% during the first quarter. Capstone Investment Advisors LLC now owns 76,032 shares of the energy company's stock valued at $5,077,000 after buying an additional 69,298 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Matador Resources by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,104,791 shares of the energy company's stock valued at $73,768,000 after buying an additional 53,322 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Matador Resources by 0.9% in the first quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company's stock worth $742,797,000 after buying an additional 103,713 shares during the period. 91.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MTDR shares. BMO Capital Markets boosted their price objective on Matador Resources from $75.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, October 4th. JPMorgan Chase & Co. lowered their target price on shares of Matador Resources from $83.00 to $76.00 and set an "overweight" rating for the company in a research note on Thursday, September 12th. Benchmark reaffirmed a "buy" rating and issued a $62.00 price target on shares of Matador Resources in a research note on Wednesday. Stephens boosted their price objective on shares of Matador Resources from $76.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Finally, Mizuho reduced their target price on shares of Matador Resources from $85.00 to $74.00 and set an "outperform" rating on the stock in a research report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $75.31.

Matador Resources Stock Down 1.1 %

NYSE:MTDR traded down $0.57 during trading hours on Friday, reaching $51.83. The company's stock had a trading volume of 5,064,922 shares, compared to its average volume of 1,534,455. The stock has a 50 day moving average price of $52.74 and a two-hundred day moving average price of $58.04. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.82 and a current ratio of 0.86. The company has a market capitalization of $6.47 billion, a P/E ratio of 6.86 and a beta of 3.26. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.11. The business had revenue of $770.20 million for the quarter, compared to the consensus estimate of $836.69 million. Matador Resources had a return on equity of 20.63% and a net margin of 27.45%. The business's revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $1.86 EPS. Equities analysts predict that Matador Resources will post 7.41 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.93%. This is a positive change from Matador Resources's previous quarterly dividend of $0.20. The ex-dividend date is Friday, November 15th. Matador Resources's dividend payout ratio is presently 10.60%.

Insider Buying and Selling at Matador Resources

In other news, CAO Robert T. Macalik acquired 500 shares of Matador Resources stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $54.50 per share, for a total transaction of $27,250.00. Following the purchase, the chief accounting officer now directly owns 29,300 shares in the company, valued at $1,596,850. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In other Matador Resources news, CAO Robert T. Macalik acquired 500 shares of the stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of $54.50 per share, with a total value of $27,250.00. Following the transaction, the chief accounting officer now directly owns 29,300 shares of the company's stock, valued at $1,596,850. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph Wm Foran bought 2,000 shares of Matador Resources stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $55.96 per share, for a total transaction of $111,920.00. Following the completion of the transaction, the chief executive officer now directly owns 35,251 shares in the company, valued at $1,972,645.96. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 12,300 shares of company stock valued at $634,615. 6.10% of the stock is currently owned by 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.