Prudential Financial Inc. Decreases Holdings in Matador Resources (NYSE:MTDR)

Prudential Financial Inc. trimmed its holdings in Matador Resources (NYSE:MTDR - Free Report) by 93.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,925 shares of the energy company's stock after selling 114,155 shares during the quarter. Prudential Financial Inc.'s holdings in Matador Resources were worth $456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. TCTC Holdings LLC increased its holdings in shares of Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock worth $28,000 after purchasing an additional 175 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Matador Resources by 108.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock worth $28,000 after acquiring an additional 256 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock worth $29,000 after acquiring an additional 207 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Matador Resources by 359.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock valued at $33,000 after acquiring an additional 453 shares during the last quarter. Finally, Denver PWM LLC grew its holdings in shares of Matador Resources by 67.2% in the third quarter. Denver PWM LLC now owns 754 shares of the energy company's stock valued at $37,000 after purchasing an additional 303 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In related news, CAO Robert T. Macalik bought 1,200 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $47.98 per share, with a total value of $57,576.00. Following the transaction, the chief accounting officer now owns 31,000 shares of the company's stock, valued at $1,487,380. The trade was a 4.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Van H. Singleton II purchased 2,000 shares of Matador Resources stock in a transaction dated Friday, February 21st. The stock was bought at an average cost of $53.21 per share, with a total value of $106,420.00. Following the completion of the transaction, the insider now owns 289,135 shares in the company, valued at approximately $15,384,873.35. This represents a 0.70 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 21,350 shares of company stock worth $1,100,769 in the last ninety days. 6.10% of the stock is owned by company insiders.

Matador Resources Trading Down 0.5 %

MTDR stock traded down $0.20 during midday trading on Tuesday, reaching $39.03. The company's stock had a trading volume of 178,487 shares, compared to its average volume of 1,604,693. Matador Resources has a 1 year low of $35.19 and a 1 year high of $67.72. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 5.47 and a beta of 2.74. The stock has a fifty day simple moving average of $49.60 and a two-hundred day simple moving average of $54.12. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93.

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

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.3125 dividend. This is a positive change from Matador Resources's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.20%. Matador Resources's payout ratio is presently 17.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company decreased their target price on shares of Matador Resources from $90.00 to $87.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 25th. Truist Financial lifted their price target on Matador Resources from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Benchmark restated a "buy" rating and set a $62.00 price objective on shares of Matador Resources in a research report on Friday, January 17th. Finally, TD Cowen lifted 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $73.36.

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.