Thrivent Financial for Lutherans Has $72.38 Million Holdings in Matador Resources (NYSE:MTDR)

Thrivent Financial for Lutherans raised its holdings in shares of Matador Resources (NYSE:MTDR) by 30.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,286,444 shares of the energy company’s stock after purchasing an additional 302,221 shares during the period. Thrivent Financial for Lutherans’ holdings in Matador Resources were worth $72,375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. TCTC Holdings LLC lifted its position in Matador Resources by 53.8% during the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after purchasing an additional 175 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after purchasing an additional 207 shares during the period. ClearAlpha Technologies LP lifted its position in Matador Resources by 4.3% during the 3rd quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company’s stock valued at $259,000 after purchasing an additional 218 shares during the period. Atria Investments Inc lifted its position in Matador Resources by 3.1% during the 4th quarter. Atria Investments Inc now owns 8,188 shares of the energy company’s stock valued at $461,000 after purchasing an additional 249 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position 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 purchasing an additional 256 shares during the period. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Matador Resources

In other Matador Resources news, Director Paul W. Harvey purchased 600 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was bought at an average cost of $55.20 per share, with a total value of $33,120.00. Following the purchase, the director now directly owns 27,917 shares of the company’s stock, valued at $1,541,018.40. The trade was a 2.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Glenn W. Stetson purchased 1,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were acquired 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 directly owns 91,680 shares in the company, valued at approximately $4,864,540.80. This represents a 1.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 21,350 shares of company stock valued at $1,100,769 in the last ninety days. 6.10% of the stock is currently owned by corporate insiders.

Matador Resources Stock Performance

Shares of MTDR stock opened at $50.54 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The company has a market capitalization of $6.33 billion, a P/E ratio of 7.08 and a beta of 3.17. The company’s 50 day moving average price is $55.88 and its two-hundred day moving average price is $54.89. Matador Resources has a 52 week low of $43.89 and a 52 week high of $71.08.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). The company 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, analysts expect that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.3125 per share. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Friday, February 28th. Matador Resources’s dividend payout ratio (DPR) is currently 17.51%.

Analyst Ratings Changes

A number of research analysts have issued reports on MTDR shares. JPMorgan Chase & Co. cut their target price on shares of Matador Resources from $76.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company increased their price target on shares of Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Raymond James cut their price target 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. Benchmark reiterated a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a research report on Friday, January 17th. Finally, Truist Financial increased their price target on shares of Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 13th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.20.

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.