Matador Resources (NYSE:MTDR) Shares Purchased by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC grew its holdings in shares of Matador Resources (NYSE:MTDR) by 85.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 642,100 shares of the energy company’s stock after purchasing an additional 295,232 shares during the period. Matador Resources accounts for 2.0% of Cramer Rosenthal Mcglynn LLC’s portfolio, making the stock its 9th biggest position. Cramer Rosenthal Mcglynn LLC’s holdings in Matador Resources were worth $36,125,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Stifel Financial Corp grew its position in shares of Matador Resources by 81.2% during 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. Barclays PLC grew its holdings in shares of Matador Resources by 16.1% during the third quarter. Barclays PLC now owns 190,035 shares of the energy company’s stock valued at $9,391,000 after purchasing an additional 26,289 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Matador Resources by 1.9% during the 3rd 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 period. Sanctuary Advisors LLC acquired a new stake in shares of Matador Resources during the 3rd quarter worth approximately $300,000. Finally, Tidal Investments LLC bought a new stake in shares of Matador Resources in the 3rd quarter worth approximately $423,000. 91.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Raymond James lowered their price objective on Matador Resources from $77.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, March 10th. Morgan Stanley lowered their price target on shares of Matador Resources from $84.00 to $68.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Stephens cut their price objective on shares of Matador Resources from $90.00 to $86.00 and set an “overweight” rating on the stock in a research report on Tuesday. TD Cowen boosted their target price on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Benchmark restated a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a research note on Friday, January 17th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $73.29.

Insider Transactions at Matador Resources

In related news, COO Christopher P. Calvert acquired 1,300 shares of Matador Resources stock in a transaction dated Friday, February 21st. The stock was acquired at an average cost of $55.17 per share, with a total value of $71,721.00. Following the purchase, the chief operating officer now directly owns 34,000 shares in the company, valued at $1,875,780. The trade was a 3.98 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Robert T. Macalik bought 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $47.98 per share, for a total transaction of $57,576.00. Following the completion of the acquisition, the chief accounting officer now directly owns 31,000 shares in the company, valued at approximately $1,487,380. The trade was a 4.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 21,350 shares of company stock valued at $1,100,769 in the last quarter. Insiders own 6.10% of the company’s stock.

Matador Resources Stock Performance

MTDR opened at $41.44 on Friday. The business has a 50 day moving average price of $48.56 and a two-hundred day moving average price of $53.86. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 5.80 and a beta of 2.74. Matador Resources has a 1-year low of $35.19 and a 1-year high of $67.51.

Matador Resources (NYSE:MTDR) last announced 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). The firm had revenue of $970.37 million during the quarter, compared to analyst estimates of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. Research analysts predict that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 9th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.25 annualized dividend and a dividend yield of 3.02%. Matador Resources’s dividend payout ratio (DPR) is 17.51%.

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.