Matador Resources (NYSE:MTDR) Holdings Lowered by GW&K Investment Management LLC

GW&K Investment Management LLC lowered its stake in Matador Resources (NYSE:MTDR) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,767,985 shares of the energy company’s stock after selling 124,604 shares during the quarter. Matador Resources makes up 0.8% of GW&K Investment Management LLC’s investment portfolio, making the stock its 14th largest holding. GW&K Investment Management LLC owned about 1.42% of Matador Resources worth $99,467,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of 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 period. True Wealth Design LLC purchased a new stake in shares of Matador Resources in the 3rd quarter valued at approximately $37,000. Denver PWM LLC boosted its stake in Matador Resources by 67.2% in the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock worth $37,000 after purchasing an additional 303 shares during the period. Avior Wealth Management LLC grew its position in Matador Resources by 329.0% during the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock worth $41,000 after purchasing an additional 635 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in Matador Resources by 90.2% during the 4th quarter. First Horizon Advisors Inc. now owns 858 shares of the energy company’s stock valued at $48,000 after purchasing an additional 407 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, insider Van H. Singleton II acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average price of $52.72 per share, with a total value of $52,720.00. Following the transaction, the insider now owns 290,135 shares of the company’s stock, valued at approximately $15,295,917.20. This trade represents a 0.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph Wm Foran bought 2,000 shares of the stock in a transaction on Friday, December 6th. The stock was acquired at an average cost of $55.18 per share, for a total transaction of $110,360.00. Following the acquisition, the chief executive officer now directly owns 42,251 shares in the company, valued at approximately $2,331,410.18. The trade was a 4.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,330 shares of company stock worth $936,166 over the last 90 days. Insiders own 6.10% of the company’s stock.

Matador Resources Stock Up 0.7 %

MTDR stock opened at $52.48 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The firm has a market cap of $6.55 billion, a PE ratio of 7.35 and a beta of 3.22. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08. The company has a fifty day simple moving average of $58.02 and a 200 day simple moving average of $55.74.

Matador Resources (NYSE:MTDR) last released 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 company 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%. Sell-side analysts anticipate that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.3125 per share. The ex-dividend date is Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a yield of 2.38%. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s dividend payout ratio is presently 17.51%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Morgan Stanley started coverage on Matador Resources in a research report on Friday, January 10th. They issued an “equal weight” rating and a $78.00 target price for the company. TD Cowen raised their price objective on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Benchmark reiterated a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a report on Friday, January 17th. Wells Fargo & Company increased their price target on shares of Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Finally, Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective on the stock in a research report on Friday, January 3rd. 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 currently has an average rating of “Moderate Buy” and an average target price of $75.14.

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.