Intrust Bank NA Has $709,000 Stock Position in Matador Resources (NYSE:MTDR)

Intrust Bank NA lifted its stake in shares of Matador Resources (NYSE:MTDR) by 11.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 12,599 shares of the energy company’s stock after purchasing an additional 1,244 shares during the quarter. Intrust Bank NA’s holdings in Matador Resources were worth $709,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Matador Resources by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company’s stock worth $706,375,000 after buying an additional 187,633 shares during the period. Geode Capital Management LLC grew its stake in shares of Matador Resources by 1.9% in the third quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock worth $99,297,000 after purchasing an additional 36,921 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Matador Resources by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,491,570 shares of the energy company’s stock valued at $83,916,000 after purchasing an additional 56,644 shares during the period. Wasatch Advisors LP raised its position in Matador Resources by 4.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,287,587 shares of the energy company’s stock worth $63,633,000 after purchasing an additional 52,498 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in 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 buying an additional 302,221 shares during the period. 91.98% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Van H. Singleton II purchased 2,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of $53.21 per share, with a total value of $106,420.00. Following the transaction, the insider now owns 289,135 shares of the company’s stock, valued at $15,384,873.35. This represents a 0.70 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robert T. Macalik bought 1,200 shares of Matador Resources stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average price of $47.98 per share, with a total value of $57,576.00. Following the purchase, the chief accounting officer now owns 31,000 shares in the company, valued at approximately $1,487,380. This represents a 4.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 21,350 shares of company stock worth $1,100,769 over the last three months. 6.10% of the stock is currently owned by insiders.

Matador Resources Stock Performance

Shares of MTDR opened at $50.46 on Friday. Matador Resources has a one year low of $43.89 and a one year high of $71.08. The company has a market cap of $6.32 billion, a PE ratio of 7.07 and a beta of 3.17. The stock has a 50-day moving average of $54.28 and a 200-day moving average of $54.88. 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) last announced its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $967.10 million. On average, equities research analysts predict that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.48%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 28th. Matador Resources’s dividend payout ratio (DPR) is 17.51%.

Analyst Upgrades and Downgrades

MTDR has been the subject of several recent research reports. TD Cowen increased their price target on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Benchmark reissued a “buy” rating and set a $62.00 target price on shares of Matador Resources in a research report on Friday, January 17th. JPMorgan Chase & Co. lowered their price target on shares of Matador Resources from $76.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Stephens upped their price objective on shares of Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company dropped their target price on shares of Matador Resources from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Matador Resources has a consensus rating of “Moderate Buy” and a consensus target price of $73.79.

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.