Madison Investment Advisors LLC Acquires Shares of 221,000 Matador Resources (NYSE:MTDR)

Madison Investment Advisors LLC acquired a new stake in Matador Resources (NYSE:MTDR) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 221,000 shares of the energy company’s stock, valued at approximately $12,433,000.

A number of other hedge funds have also recently bought and sold shares of MTDR. EverSource Wealth Advisors LLC boosted its position in Matador Resources by 108.5% in 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. MassMutual Private Wealth & Trust FSB boosted its position in shares of Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after purchasing an additional 207 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Matador Resources by 359.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after purchasing an additional 453 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Matador Resources in the 3rd quarter worth $37,000. Finally, Denver PWM LLC boosted its position in shares of 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 last quarter. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Trading Down 1.4 %

Shares of MTDR stock opened at $51.59 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 stock has a market cap of $6.46 billion, a P/E ratio of 7.23 and a beta of 3.17. The stock has a 50 day simple moving average of $55.39 and a 200 day simple moving average of $54.82. 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The company had revenue of $970.37 million during the quarter, compared to the consensus estimate of $967.10 million. On average, research analysts predict that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.3125 per share. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a yield of 2.42%. The ex-dividend date was Friday, February 28th. Matador Resources’s payout ratio is currently 17.51%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MTDR. Stephens raised their price target on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. reduced their price target on 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 lifted their target price on Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Mizuho reduced their target price on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Finally, TD Cowen lifted their target price on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.20.

Insider Buying and Selling at Matador Resources

In related news, Director Timothy E. Parker acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $44.67 per share, for a total transaction of $89,340.00. Following the completion of the acquisition, the director now directly owns 83,790 shares of the company’s stock, valued at approximately $3,742,899.30. This trade represents a 2.45 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Robert T. Macalik acquired 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $47.98 per share, with a total value of $57,576.00. Following the completion of the acquisition, the chief accounting officer now directly owns 31,000 shares of the company’s stock, valued at $1,487,380. This trade represents a 4.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 21,350 shares of company stock worth $1,100,769 over the last three months. Corporate insiders own 6.10% of the company’s stock.

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.