Schroder Investment Management Group Lowers Position in Matador Resources (NYSE:MTDR)

Schroder Investment Management Group decreased its position in Matador Resources (NYSE:MTDR - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 271,683 shares of the energy company's stock after selling 9,042 shares during the quarter. Schroder Investment Management Group owned approximately 0.22% of Matador Resources worth $15,043,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MTDR. Vanguard Group Inc. increased its position in Matador Resources by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company's stock valued at $706,375,000 after buying an additional 187,633 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Matador Resources by 1.9% during the third quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company's stock valued at $99,297,000 after acquiring an additional 36,921 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Matador Resources by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,491,570 shares of the energy company's stock worth $83,916,000 after purchasing an additional 56,644 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Matador Resources by 30.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,286,444 shares of the energy company's stock worth $72,375,000 after purchasing an additional 302,221 shares in the last quarter. Finally, Copeland Capital Management LLC grew its position in Matador Resources by 145.2% during the 4th quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company's stock valued at $72,223,000 after purchasing an additional 760,122 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company's stock.

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Analyst Ratings Changes

Several research analysts have issued reports on MTDR shares. JPMorgan Chase & Co. decreased their target price on shares of Matador Resources from $76.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Wolfe Research raised Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price objective on the stock in a research report on Friday, January 3rd. Truist Financial increased their target price on Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Raymond James lowered their price target on Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $70.00 price objective on shares of Matador Resources in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.79.

Matador Resources Stock Performance

Shares of MTDR traded down $1.67 on Tuesday, reaching $36.67. The company's stock had a trading volume of 2,616,489 shares, compared to its average volume of 1,527,492. The stock's 50 day simple moving average is $51.40 and its two-hundred day simple moving average is $54.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The stock has a market capitalization of $4.59 billion, a P/E ratio of 5.14 and a beta of 2.74. Matador Resources has a 12-month low of $35.61 and a 12-month high of $71.08.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share 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 business had revenue of $970.37 million for the quarter, compared to analysts' expectations of $967.10 million. Research analysts forecast that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 3.41%. The ex-dividend date was Friday, February 28th. This is a positive change from Matador Resources's previous quarterly dividend of $0.25. Matador Resources's payout ratio is currently 17.51%.

Insiders Place Their Bets

In other news, Director Paul W. Harvey bought 600 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average price of $55.20 per share, with a total value of $33,120.00. Following the acquisition, the director now owns 27,917 shares of the company's stock, valued at approximately $1,541,018.40. This represents a 2.20 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Christopher P. Calvert purchased 1,300 shares of the firm's stock in a transaction on Friday, February 21st. The shares were acquired at an average cost of $55.17 per share, for a total transaction of $71,721.00. Following the completion of the acquisition, the chief operating officer now owns 34,000 shares of the company's stock, valued at approximately $1,875,780. This trade represents a 3.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 21,350 shares of company stock worth $1,100,769 over the last quarter. 6.10% of the stock is currently owned by corporate insiders.

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.