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

Premier Fund Managers Ltd raised its holdings in shares of Matador Resources (NYSE:MTDR) by 33.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,360 shares of the energy company’s stock after acquiring an additional 4,368 shares during the quarter. 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 (SEC).

Other institutional investors have also recently made changes to their positions in the company. TCTC Holdings LLC grew its position 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 purchasing an additional 175 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Matador Resources by 108.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock valued at $28,000 after buying an additional 256 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after buying an additional 207 shares during the period. SRS Capital Advisors Inc. lifted its holdings in shares of Matador Resources by 359.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after buying an additional 453 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in shares of Matador Resources in the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Analyst Ratings Changes

MTDR has been the topic of a number of analyst reports. Morgan Stanley decreased their target price on shares of Matador Resources from $84.00 to $68.00 and set an “equal weight” rating on the stock in a report on Thursday. Stephens lifted their price objective on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Royal Bank of Canada restated an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research note on Wednesday, January 15th. Benchmark reiterated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research report on Friday, January 17th. Finally, Raymond James decreased their price objective 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. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.79.

Insider Activity

In other news, CEO Joseph Wm Foran bought 6,000 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was bought at an average cost of $53.94 per share, for a total transaction of $323,640.00. Following the completion of the acquisition, the chief executive officer now 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 acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Van H. Singleton II bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of $53.21 per share, for a total transaction of $106,420.00. Following the completion of the purchase, the insider now directly owns 289,135 shares of the company’s stock, valued at $15,384,873.35. The trade was a 0.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 21,350 shares of company stock valued at $1,100,769. 6.10% of the stock is currently owned by company insiders.

Matador Resources Price Performance

Shares of Matador Resources stock opened at $51.53 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. Matador Resources has a 52-week low of $43.89 and a 52-week high of $71.08. The company has a fifty day moving average of $54.54 and a 200-day moving average of $54.84. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 7.22 and a beta of 3.17.

Matador Resources (NYSE:MTDR) last posted 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). The business had revenue of $970.37 million for the quarter, compared to analysts’ expectations of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. Equities research analysts expect that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.3125 dividend. 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 an increase from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s payout ratio is presently 17.51%.

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.