DekaBank Deutsche Girozentrale Increases Stock Holdings in Matador Resources (NYSE:MTDR)

DekaBank Deutsche Girozentrale raised its position in shares of Matador Resources (NYSE:MTDR - Free Report) by 304.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,288 shares of the energy company's stock after acquiring an additional 10,000 shares during the period. DekaBank Deutsche Girozentrale's holdings in Matador Resources were worth $652,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Trust Walden Corp acquired a new position in shares of Matador Resources in the third quarter valued at about $51,788,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Matador Resources by 43.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,517 shares of the energy company's stock valued at $520,000 after purchasing an additional 3,181 shares during the period. Greenleaf Trust grew its position in shares of Matador Resources by 3.8% during the 3rd quarter. Greenleaf Trust now owns 7,086 shares of the energy company's stock worth $350,000 after purchasing an additional 260 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Matador Resources by 26.8% during the third quarter. Signaturefd LLC now owns 2,685 shares of the energy company's stock worth $133,000 after purchasing an additional 568 shares during the period. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of Matador Resources in the third quarter valued at approximately $202,000. Institutional investors and hedge funds own 91.98% of the company's stock.

Analyst Ratings Changes

MTDR has been the topic of a number of recent research reports. Stephens raised their price objective on Matador Resources from $76.00 to $78.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Capital One Financial upgraded Matador Resources from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $80.00 to $84.00 in a research report on Thursday, July 25th. Wells Fargo & Company cut their price objective on shares of Matador Resources from $89.00 to $87.00 and set an "overweight" rating for the company in a research report on Tuesday, October 1st. KeyCorp decreased their target price on shares of Matador Resources from $76.00 to $72.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Finally, BMO Capital Markets upped their price target on shares of Matador Resources from $75.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, October 4th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $74.92.

Matador Resources Price Performance

Shares of NYSE MTDR traded down $0.52 during midday trading on Friday, reaching $51.59. 1,665,834 shares of the company were exchanged, compared to its average volume of 1,825,418. Matador Resources has a one year low of $47.15 and a one year high of $71.08. The stock has a market cap of $6.44 billion, a P/E ratio of 6.83 and a beta of 3.26. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71. The stock's 50-day moving average price is $52.23 and its 200-day moving average price is $57.52.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The business had revenue of $770.20 million during the quarter, compared to analysts' expectations of $836.69 million. During the same quarter in the prior year, the firm earned $1.86 EPS. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Matador Resources will post 7.45 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Matador Resources's previous quarterly dividend of $0.20. Matador Resources's dividend payout ratio (DPR) is 10.60%.

Insider Activity at Matador Resources

In related news, CEO Joseph Wm Foran purchased 2,500 shares of Matador Resources stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $51.47 per share, for a total transaction of $128,675.00. Following the transaction, the chief executive officer now owns 37,751 shares of the company's stock, valued at approximately $1,943,043.97. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Bryan A. Erman purchased 1,000 shares of Matador Resources stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $50.35 per share, for a total transaction of $50,350.00. Following the completion of the acquisition, the executive vice president now owns 2,750 shares of the company's stock, valued at $138,462.50. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joseph Wm Foran acquired 2,500 shares of the company's stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $51.47 per share, for a total transaction of $128,675.00. Following the acquisition, the chief executive officer now directly owns 37,751 shares of the company's stock, valued at approximately $1,943,043.97. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 11,105 shares of company stock worth $562,306 over the last three months. Company insiders own 6.10% of the company's stock.

Matador Resources 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.