NFJ Investment Group LLC decreased its stake in shares of Matador Resources Company (NYSE:MTDR – Free Report) by 9.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 187,021 shares of the energy company’s stock after selling 18,651 shares during the period. NFJ Investment Group LLC’s holdings in Matador Resources were worth $7,937,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of MTDR. CIBC Bancorp USA Inc. acquired a new position in Matador Resources during the 3rd quarter valued at about $61,615,000. Balyasny Asset Management L.P. boosted its stake in Matador Resources by 488.5% during the second quarter. Balyasny Asset Management L.P. now owns 477,218 shares of the energy company’s stock valued at $22,773,000 after buying an additional 396,129 shares in the last quarter. UBS Group AG boosted its stake in Matador Resources by 94.6% during the third quarter. UBS Group AG now owns 746,767 shares of the energy company’s stock valued at $33,552,000 after buying an additional 362,970 shares in the last quarter. LSV Asset Management boosted its stake in Matador Resources by 8.8% during the fourth quarter. LSV Asset Management now owns 3,842,011 shares of the energy company’s stock valued at $163,055,000 after buying an additional 309,708 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Matador Resources by 30.6% during the second quarter. AQR Capital Management LLC now owns 1,302,587 shares of the energy company’s stock valued at $62,159,000 after buying an additional 305,352 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.
Insider Transactions at Matador Resources
In other news, CFO Christopher P. Calvert purchased 1,500 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was bought at an average cost of $53.24 per share, with a total value of $79,860.00. Following the purchase, the chief financial officer directly owned 41,500 shares of the company’s stock, valued at approximately $2,209,460. This trade represents a 3.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Joseph Wm Foran purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average cost of $53.07 per share, with a total value of $106,140.00. Following the completion of the purchase, the chief executive officer directly owned 11,479 shares in the company, valued at approximately $609,190.53. This represents a 21.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 11,907 shares of company stock valued at $635,712 in the last three months. Corporate insiders own 5.90% of the company’s stock.
Matador Resources Stock Up 0.7%
Matador Resources (NYSE:MTDR – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.29. The firm had revenue of $941.60 million during the quarter, compared to the consensus estimate of $871.57 million. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The business’s revenue for the quarter was down 33.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.99 EPS. As a group, analysts expect that Matador Resources Company will post 7.5 EPS for the current fiscal year.
Matador Resources Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.8%. Matador Resources’s dividend payout ratio (DPR) is 38.56%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. Weiss Ratings cut Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Roth Mkm reaffirmed a “neutral” rating and set a $65.00 target price (up from $52.00) on shares of Matador Resources in a research note on Wednesday, April 8th. Citigroup decreased their target price on Matador Resources from $77.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. BMO Capital Markets raised their target price on Matador Resources from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Finally, UBS Group raised their target price on Matador Resources from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.08.
View Our Latest Stock Analysis on Matador Resources
Matador Resources Company Profile
Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.
Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.
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