Xponance Inc. Has $800,000 Position in Matador Resources (NYSE:MTDR)

Xponance Inc. raised its position in Matador Resources (NYSE:MTDR) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,227 shares of the energy company’s stock after buying an additional 705 shares during the quarter. Xponance Inc.’s holdings in Matador Resources were worth $800,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its position in shares of Matador Resources by 30.7% during 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. William Blair Investment Management LLC boosted its stake in shares of Matador Resources by 2.1% in the fourth quarter. William Blair Investment Management LLC now owns 551,106 shares of the energy company’s stock valued at $31,005,000 after buying an additional 11,256 shares during the period. TCTC Holdings LLC boosted its stake in shares of Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after buying an additional 175 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Matador Resources by 8.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,630 shares of the energy company’s stock worth $542,000 after acquiring an additional 723 shares during the period. Finally, Natixis Advisors LLC raised its holdings in Matador Resources by 39.0% in the 4th quarter. Natixis Advisors LLC now owns 228,411 shares of the energy company’s stock valued at $12,850,000 after acquiring an additional 64,043 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Matador Resources Stock Performance

Matador Resources stock opened at $52.95 on Tuesday. The business has a 50 day moving average of $55.21 and a 200-day moving average of $54.86. 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 has a 1 year low of $43.89 and a 1 year high of $71.08. The company has a market capitalization of $6.63 billion, a P/E ratio of 7.42 and a beta of 3.17.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS 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 analyst estimates of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. On average, equities research analysts predict that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 yield of 2.36%. 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 currently 17.51%.

Analyst Ratings Changes

A number of research analysts recently commented on MTDR shares. Morgan Stanley assumed coverage on Matador Resources in a research report on Friday, January 10th. They issued an “equal weight” rating and a $78.00 price target on the stock. Raymond James dropped their target price on shares of Matador Resources from $77.00 to $67.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research report on Wednesday, January 15th. TD Cowen boosted their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company raised their target price on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.20.

Insider Transactions at Matador Resources

In other news, insider Van H. Singleton II acquired 2,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was purchased at an average price of $53.21 per share, for a total transaction of $106,420.00. Following the completion of the acquisition, the insider now directly owns 289,135 shares in the company, valued at $15,384,873.35. The trade was a 0.70 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Glenn W. Stetson acquired 1,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $4,864,540.80. The trade was a 1.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 21,350 shares of company stock worth $1,100,769. Company insiders own 6.10% of the company’s stock.

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.