NFJ Investment Group LLC Buys 14,017 Shares of Matador Resources (NYSE:MTDR)

NFJ Investment Group LLC increased its stake in Matador Resources (NYSE:MTDR) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 300,649 shares of the energy company’s stock after buying an additional 14,017 shares during the quarter. NFJ Investment Group LLC’s holdings in Matador Resources were worth $16,915,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MTDR. Stifel Financial Corp increased its position in Matador Resources by 81.2% during the third quarter. Stifel Financial Corp now owns 30,304 shares of the energy company’s stock worth $1,498,000 after buying an additional 13,583 shares during the last quarter. Barclays PLC increased its holdings in shares of Matador Resources by 16.1% during the 3rd quarter. Barclays PLC now owns 190,035 shares of the energy company’s stock worth $9,391,000 after acquiring an additional 26,289 shares during the last quarter. M&T Bank Corp raised its stake in Matador Resources by 46.3% in the 3rd quarter. M&T Bank Corp now owns 10,426 shares of the energy company’s stock valued at $515,000 after acquiring an additional 3,299 shares during the period. Geode Capital Management LLC lifted its holdings in 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 valued at $99,297,000 after purchasing an additional 36,921 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in Matador Resources by 6.5% during the third quarter. Coldstream Capital Management Inc. now owns 5,081 shares of the energy company’s stock worth $252,000 after purchasing an additional 310 shares during the period. 91.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Paul W. Harvey acquired 600 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average price of $55.20 per share, with a total value of $33,120.00. Following the purchase, the director now directly owns 27,917 shares in the company, valued at approximately $1,541,018.40. This trade represents a 2.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Glenn W. Stetson bought 1,000 shares of the business’s stock in a transaction on Friday, February 21st. The stock was bought at an average price of $53.06 per share, for a total transaction of $53,060.00. Following the transaction, the executive vice president now directly owns 91,680 shares of the company’s stock, 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 a total of 21,350 shares of company stock worth $1,100,769 in the last ninety days. 6.10% of the stock is owned by insiders.

Matador Resources Trading Down 0.7 %

MTDR opened at $38.96 on Wednesday. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 5.46 and a beta of 2.74. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. Matador Resources has a twelve month low of $35.19 and a twelve month high of $67.72. The company has a 50-day simple moving average of $49.25 and a 200 day simple moving average of $54.01.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The firm had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. Analysts predict that Matador Resources will post 8.53 EPS 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 issued a dividend of $0.3125 per share. The ex-dividend date was Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.21%. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s payout ratio is 17.51%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Royal Bank of Canada cut their target price on shares of Matador Resources from $70.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Morgan Stanley cut their price objective 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. JPMorgan Chase & Co. decreased their target price on Matador Resources from $65.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company dropped their price target on Matador Resources from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, March 25th. Finally, Benchmark reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Matador Resources in a report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.36.

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.