Premier Fund Managers Ltd Purchases 4,368 Shares of Matador Resources (NYSE:MTDR)

Premier Fund Managers Ltd lifted its holdings in Matador Resources (NYSE:MTDR) by 33.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,360 shares of the energy company’s stock after acquiring an additional 4,368 shares during the period. Premier Fund Managers Ltd’s holdings in Matador Resources were worth $961,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MTDR. Vanguard Group Inc. lifted its stake in Matador Resources by 1.5% in the fourth 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 during the period. Geode Capital Management LLC increased its stake in shares of Matador Resources by 1.9% in the 3rd 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. lifted its position in shares of Matador Resources by 3.9% during 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 acquiring an additional 56,644 shares during the period. Wasatch Advisors LP boosted its stake in Matador Resources by 4.3% during the third quarter. Wasatch Advisors LP now owns 1,287,587 shares of the energy company’s stock worth $63,633,000 after acquiring an additional 52,498 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Matador Resources by 30.7% in 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 period. Institutional investors own 91.98% of the company’s stock.

Insider Buying and Selling

In related news, CEO Joseph Wm Foran purchased 6,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was bought at an average price of $53.94 per share, for a total transaction of $323,640.00. Following the purchase, the chief executive officer now directly owns 39,379 shares in the company, valued at approximately $2,124,103.26. This trade represents a 17.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy E. Parker acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $44.67 per share, for a total transaction of $89,340.00. Following the purchase, the director now owns 83,790 shares of the company’s stock, valued at $3,742,899.30. The trade was a 2.45 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 21,350 shares of company stock worth $1,100,769. Insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MTDR. Mizuho cut their price objective 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. Stephens increased their price target on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. JPMorgan Chase & Co. decreased their price objective on Matador Resources from $76.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Morgan Stanley cut their target price on Matador Resources from $84.00 to $68.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company decreased their price target on shares of Matador Resources from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.79.

Matador Resources Price Performance

Matador Resources stock opened at $51.53 on Friday. The stock has a market cap of $6.45 billion, a P/E ratio of 7.22 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. The company’s 50 day moving average price is $54.54 and its two-hundred day moving average price is $54.84. Matador Resources has a 52 week low of $43.89 and a 52 week high of $71.08.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $967.10 million. On average, equities analysts predict that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.3125 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.25 annualized dividend and a yield of 2.43%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s dividend payout ratio is presently 17.51%.

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.