Vanguard Group Inc. Boosts Stock Position in Matador Resources (NYSE:MTDR)

Vanguard Group Inc. raised its holdings in Matador Resources (NYSE:MTDR - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,555,553 shares of the energy company's stock after buying an additional 187,633 shares during the period. Vanguard Group Inc. owned about 10.06% of Matador Resources worth $706,375,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MTDR. KLP Kapitalforvaltning AS purchased a new stake in shares of Matador Resources during the 4th quarter worth approximately $1,367,000. Sei Investments Co. lifted its position in Matador Resources by 43.2% in the fourth quarter. Sei Investments Co. now owns 131,136 shares of the energy company's stock valued at $7,378,000 after acquiring an additional 39,550 shares during the last quarter. American Century Companies Inc. boosted its stake in Matador Resources by 3.7% in the fourth quarter. American Century Companies Inc. now owns 607,356 shares of the energy company's stock valued at $34,170,000 after acquiring an additional 21,466 shares in the last quarter. Xponance Inc. grew its holdings in shares of Matador Resources by 5.2% during the fourth quarter. Xponance Inc. now owns 14,227 shares of the energy company's stock worth $800,000 after purchasing an additional 705 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Matador Resources by 30.7% during the fourth 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 during the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MTDR. Stephens upped their target price on Matador Resources from $78.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. JPMorgan Chase & Co. lowered their target price on shares of 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 upgraded shares of Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 price target for the company in a research report on Friday, January 3rd. Benchmark reiterated a "buy" rating and set a $62.00 price target on shares of Matador Resources in a research note on Friday, January 17th. Finally, Mizuho reduced their target price on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Matador Resources currently has a consensus rating of "Moderate Buy" and an average price target of $73.79.

Matador Resources Price Performance

Shares of Matador Resources stock traded up $1.14 during trading on Wednesday, reaching $52.25. The company's stock had a trading volume of 1,123,664 shares, compared to its average volume of 1,387,820. The business has a 50 day moving average price of $53.79 and a 200-day moving average price of $54.94. The company has a market capitalization of $6.54 billion, a P/E ratio of 7.32 and a beta of 3.17. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. Matador Resources has a 12-month low of $43.89 and a 12-month high of $71.08.

Matador Resources (NYSE:MTDR - Get Free Report) last posted 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). 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 for the quarter, compared to analyst estimates of $967.10 million. As a group, sell-side analysts anticipate that Matador Resources will post 8.53 EPS for the current 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 given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from Matador Resources's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 28th. Matador Resources's dividend payout ratio (DPR) is presently 17.51%.

Insider Transactions at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran purchased 6,000 shares of Matador Resources stock in a transaction on Friday, February 21st. The shares were bought at an average price of $53.94 per share, with a total value of $323,640.00. Following the completion of the acquisition, the chief executive officer now directly owns 39,379 shares of the company's stock, valued at approximately $2,124,103.26. This trade represents a 17.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Christopher P. Calvert purchased 1,300 shares of the stock in a transaction dated Friday, February 21st. The stock was acquired at an average price of $55.17 per share, for a total transaction of $71,721.00. Following the completion of the transaction, the chief operating officer now directly owns 34,000 shares of the company's stock, valued at approximately $1,875,780. The trade was a 3.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 21,350 shares of company stock valued at $1,100,769 in the last quarter. 6.10% of the stock is currently owned by corporate insiders.

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.