Xponance Inc. Boosts Stock Position in Matador Resources (NYSE:MTDR)

Xponance Inc. increased its stake in shares of Matador Resources (NYSE:MTDR) by 5.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,227 shares of the energy company’s stock after buying an additional 705 shares during the quarter. Xponance Inc.’s holdings in Matador Resources were worth $800,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. TCTC Holdings LLC increased its stake in shares of Matador Resources by 53.8% during the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after purchasing an additional 175 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Matador Resources by 68.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after buying an additional 207 shares during the last quarter. ClearAlpha Technologies LP raised its stake in shares of Matador Resources by 4.3% in the third quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company’s stock valued at $259,000 after buying an additional 218 shares during the period. Atria Investments Inc lifted its position in shares of 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 buying an additional 249 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of 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 during the last quarter. Institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Up 2.8 %

MTDR stock opened at $52.95 on Tuesday. The company’s 50 day moving average is $55.21 and its 200 day moving average is $54.86. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 7.42 and a beta of 3.17. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. Matador Resources has a 1-year low of $43.89 and a 1-year high of $71.08.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results 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 return on equity of 18.52% and a net margin of 25.26%. The company had revenue of $970.37 million during the quarter, compared to the consensus estimate of $967.10 million. Sell-side analysts predict that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.3125 per share. The ex-dividend date was Friday, February 28th. This represents a $1.25 annualized dividend and a yield of 2.36%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s payout ratio is 17.51%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. dropped their price target on shares of Matador Resources from $76.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. TD Cowen lifted their price objective 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. Benchmark restated a “buy” rating and set a $62.00 target price on shares of Matador Resources in a research report on Friday, January 17th. Finally, Mizuho reduced their price target on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $74.20.

Insider Transactions at Matador Resources

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

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.