Oberweis Asset Management Inc. Raises Stake in Matador Resources (NYSE:MTDR)

Oberweis Asset Management Inc. grew its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,800 shares of the energy company's stock after buying an additional 7,900 shares during the quarter. Oberweis Asset Management Inc. owned 0.12% of Matador Resources worth $8,146,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. increased its stake in shares of Matador Resources by 12.0% in the third quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company's stock worth $54,122,000 after buying an additional 107,827 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Matador Resources by 16.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company's stock valued at $8,088,000 after acquiring an additional 20,172 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Matador Resources by 3.9% during the fourth 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. Envestnet Asset Management Inc. boosted its holdings in shares of Matador Resources by 49.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 300,301 shares of the energy company's stock worth $16,895,000 after purchasing an additional 99,711 shares during the period. Finally, Shaker Investments LLC OH bought a new stake in shares of Matador Resources in the fourth quarter worth about $546,000. 91.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Raymond James lowered their price target on Matador Resources from $77.00 to $67.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. Stephens dropped their price target on Matador Resources from $90.00 to $86.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. KeyCorp reduced their price objective on shares of Matador Resources from $72.00 to $60.00 and set an "overweight" rating on the stock in a research report on Monday. Wells Fargo & Company dropped 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 report on Thursday, April 17th. Finally, Royal Bank of Canada reduced their price target on shares of Matador Resources from $70.00 to $62.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.73.

Matador Resources Stock Down 0.5 %

Shares of Matador Resources stock opened at $40.82 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 5.72 and a beta of 2.74. The company's 50 day moving average is $47.23 and its 200 day moving average is $53.55. Matador Resources has a twelve month low of $35.19 and a twelve month high of $67.51.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). The company had revenue of $970.37 million during the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. Research analysts anticipate that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Announces Dividend

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

Matador Resources declared that its board has initiated a stock repurchase plan on Wednesday, April 23rd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the energy company to buy up to 7.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

Insider Transactions at Matador Resources

In other Matador Resources news, insider Van H. Singleton II bought 2,000 shares of the company's stock in a transaction on Friday, February 21st. The stock was acquired at an average price of $53.21 per share, for a total transaction of $106,420.00. Following the completion of the transaction, the insider now directly owns 289,135 shares of the company's stock, valued at approximately $15,384,873.35. This represents a 0.70 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph Wm Foran purchased 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 acquisition, the chief executive officer now directly owns 39,379 shares of the company's stock, valued at $2,124,103.26. This trade represents a 17.98 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 21,350 shares of company stock valued at $1,100,769 over the last 90 days. Company insiders own 6.10% of the company's stock.

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.

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