Russell Investments Group Ltd. Grows Stock Holdings in Matador Resources (NYSE:MTDR)

Russell Investments Group Ltd. boosted its position in Matador Resources (NYSE:MTDR - Free Report) by 17.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,039 shares of the energy company's stock after buying an additional 12,282 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of Matador Resources worth $4,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity

In other Matador Resources news, COO Christopher P. Calvert purchased 1,300 shares of the company's stock in a transaction dated Friday, February 21st. The shares were acquired at an average price of $55.17 per share, for a total transaction of $71,721.00. Following the purchase, the chief operating officer now directly owns 34,000 shares of the company's stock, valued at $1,875,780. The trade was a 3.98 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Van H. Singleton II bought 2,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average cost of $53.21 per share, for a total transaction of $106,420.00. Following the completion of the acquisition, the insider now owns 289,135 shares in the company, valued at $15,384,873.35. This trade represents a 0.70 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 21,350 shares of company stock valued at $1,100,769 in the last 90 days. 6.10% of the stock is currently owned by insiders.

Matador Resources Stock Up 3.3 %

NYSE:MTDR traded up $1.31 on Friday, reaching $41.44. 2,576,932 shares of the stock traded hands, compared to its average volume of 1,555,146. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 5.80 and a beta of 2.74. Matador Resources has a 12 month low of $35.19 and a 12 month high of $67.51. The company's fifty day simple moving average is $48.21 and its 200 day simple moving average is $53.80.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its 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 net margin of 25.26% and a return on equity of 18.52%. The business had revenue of $970.37 million for the quarter, compared to analysts' expectations of $967.10 million. Equities analysts predict that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Friday, May 9th. Matador Resources's dividend payout ratio is currently 17.51%.

Wall Street Analyst Weigh In

A number of research firms have commented on MTDR. Benchmark reaffirmed a "buy" rating and set a $62.00 price target on shares of Matador Resources in a research report on Friday, January 17th. Royal Bank of Canada dropped their price target on Matador Resources from $70.00 to $62.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Morgan Stanley reduced their price objective on shares of Matador Resources from $84.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Stephens dropped their target price on shares of Matador Resources from $90.00 to $86.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, Wolfe Research raised shares of Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 target price on the stock in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $73.29.

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.