Thrivent Financial for Lutherans Buys 302,221 Shares of Matador Resources (NYSE:MTDR)

Thrivent Financial for Lutherans boosted its position in Matador Resources (NYSE:MTDR - Free Report) by 30.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,286,444 shares of the energy company's stock after purchasing an additional 302,221 shares during the period. Thrivent Financial for Lutherans owned approximately 1.03% of Matador Resources worth $72,375,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTDR. Franklin Resources Inc. grew its stake in shares of Matador Resources by 12.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company's stock worth $54,122,000 after purchasing an additional 107,827 shares during the last quarter. Loomis Sayles & Co. L P grew its position in Matador Resources by 16.8% in the third quarter. Loomis Sayles & Co. L P now owns 455,662 shares of the energy company's stock worth $22,519,000 after buying an additional 65,487 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Matador Resources by 81.2% in the third quarter. Stifel Financial Corp now owns 30,304 shares of the energy company's stock valued at $1,498,000 after buying an additional 13,583 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Matador Resources by 16.9% during the 4th 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 last quarter. Finally, HITE Hedge Asset Management LLC acquired a new stake in shares of Matador Resources during the 3rd quarter valued at $10,526,000. 91.98% of the stock is owned by institutional investors.

Remove Ads

Wall Street Analyst Weigh In

MTDR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on Matador Resources from $76.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Wolfe Research raised shares of Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price objective for the company in a research note on Friday, January 3rd. Truist Financial lifted their target price on shares of Matador Resources from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. TD Cowen raised their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Finally, Stephens raised their target price on Matador Resources from $78.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $74.20.

Matador Resources Stock Down 1.4 %

MTDR traded down $0.72 during midday trading on Friday, hitting $51.59. 2,350,222 shares of the company's stock traded hands, compared to its average volume of 1,467,905. 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 company has a market cap of $6.46 billion, a PE ratio of 7.23 and a beta of 3.17. Matador Resources has a one year low of $43.89 and a one year high of $71.08. The stock's fifty day simple moving average is $55.39 and its 200-day simple moving average is $54.83.

Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The business had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. As a group, equities analysts anticipate 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. Stockholders of record on Friday, February 28th were paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Matador Resources's previous quarterly dividend of $0.25. Matador Resources's dividend payout ratio is 17.51%.

Insider Activity

In other news, Director Timothy E. Parker purchased 2,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $44.67 per share, for a total transaction of $89,340.00. Following the completion of the acquisition, the director now directly owns 83,790 shares of the company's stock, valued at approximately $3,742,899.30. The trade was a 2.45 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Robert T. Macalik purchased 1,200 shares of the stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $47.98 per share, for a total transaction of $57,576.00. Following the completion of 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 position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 21,350 shares of company stock valued at $1,100,769. 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.