Wellington Management Group LLP Has $88.13 Million Stake in Matador Resources (NYSE:MTDR)

Wellington Management Group LLP decreased its stake in Matador Resources (NYSE:MTDR - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,566,479 shares of the energy company's stock after selling 108,775 shares during the quarter. Wellington Management Group LLP owned approximately 1.26% of Matador Resources worth $88,130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. raised its holdings in shares of Matador Resources by 12.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company's stock valued at $54,122,000 after purchasing an additional 107,827 shares in the last quarter. Stifel Financial Corp grew its stake in Matador Resources by 81.2% in the 3rd 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 during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Matador Resources by 16.9% in 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 buying an additional 20,172 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in 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 valued at $83,916,000 after buying an additional 56,644 shares during the last quarter. Finally, Shaker Investments LLC OH acquired a new position in Matador Resources in the 4th quarter valued at $546,000. Institutional investors own 91.98% of the company's stock.

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Insider Activity at Matador Resources

In related news, EVP Glenn W. Stetson bought 1,000 shares of the company's stock in a transaction on Friday, February 21st. The stock was bought at an average cost of $53.06 per share, with a total value of $53,060.00. Following the completion of the purchase, the executive vice president now owns 91,680 shares in the company, valued at approximately $4,864,540.80. The trade was a 1.10 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Christopher P. Calvert bought 1,300 shares of the company's stock in a transaction on Friday, February 21st. The stock was bought at an average cost of $55.17 per share, with a total value of $71,721.00. Following the completion of the purchase, the chief operating officer now owns 34,000 shares of the company's stock, valued at approximately $1,875,780. The trade was a 3.98 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 21,350 shares of company stock valued at $1,100,769 in the last ninety days. Insiders own 6.10% of the company's stock.

Matador Resources Price Performance

Shares of Matador Resources stock traded down $4.37 during trading on Thursday, hitting $38.14. 515,001 shares of the company's stock traded hands, compared to its average volume of 1,536,516. Matador Resources has a twelve month low of $35.19 and a twelve month high of $71.08. The company has a market cap of $4.77 billion, a PE ratio of 5.37 and a beta of 2.74. The firm's fifty day moving average price is $50.75 and its 200 day moving average price is $54.32. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (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 firm had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Analysts forecast that Matador Resources will post 8.53 earnings per share 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 dividend of $0.3125 per share. This is an increase from Matador Resources's previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Friday, February 28th. Matador Resources's dividend payout ratio (DPR) is currently 17.51%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price 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. TD Cowen raised their price target on shares of Matador Resources from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Benchmark restated a "buy" rating and issued a $62.00 price target on shares of Matador Resources in a research report on Friday, January 17th. Raymond James decreased their price target on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Finally, Mizuho decreased their price target on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Matador Resources has an average rating of "Moderate Buy" and an average target price of $73.50.

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.