Matador Resources (NYSE:MTDR) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC decreased its holdings in shares of Matador Resources (NYSE:MTDR) by 0.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,249,058 shares of the energy company’s stock after selling 728 shares during the period. Clearbridge Investments LLC owned about 1.80% of Matador Resources worth $126,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Copeland Capital Management LLC lifted its stake in Matador Resources by 145.2% in the 4th quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company’s stock valued at $72,223,000 after buying an additional 760,122 shares in the last quarter. Yaupon Capital Management LP raised its holdings in shares of Matador Resources by 565.4% during the third quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company’s stock valued at $36,770,000 after acquiring an additional 632,218 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Matador Resources in the fourth quarter valued at approximately $22,509,000. Vaughan Nelson Investment Management L.P. lifted its position in shares of Matador Resources by 57.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 959,795 shares of the energy company’s stock valued at $53,998,000 after acquiring an additional 349,820 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Matador Resources by 30.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,286,444 shares of the energy company’s stock worth $72,375,000 after purchasing an additional 302,221 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Insider Activity

In other news, Director Paul W. Harvey bought 600 shares of Matador Resources stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average price of $55.20 per share, with a total value of $33,120.00. Following the completion of the acquisition, the director now directly owns 27,917 shares in the company, valued at $1,541,018.40. The trade was a 2.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Christopher P. Calvert purchased 1,300 shares of the stock in a transaction on Friday, February 21st. The shares were purchased at an average price of $55.17 per share, with a total value of $71,721.00. Following the acquisition, the chief operating officer now directly owns 34,000 shares in the company, valued at $1,875,780. This represents a 3.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 21,350 shares of company stock worth $1,100,769. Corporate insiders own 6.10% of the company’s stock.

Matador Resources Price Performance

MTDR opened at $50.46 on Monday. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 7.07 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. The stock’s 50-day moving average price is $54.28 and its 200 day moving average price is $54.92. Matador Resources has a 12-month low of $43.89 and a 12-month high of $71.08.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 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 business had revenue of $970.37 million during the quarter, compared to analysts’ expectations of $967.10 million. As a group, sell-side analysts expect that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.3125 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.48%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s dividend payout ratio is currently 17.51%.

Analyst Ratings Changes

MTDR has been the topic of a number of research reports. Wells Fargo & Company decreased their price objective on Matador Resources from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, March 25th. JPMorgan Chase & Co. lowered 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 report on Thursday, March 13th. Truist Financial raised their target price on shares of Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Raymond James lowered their target price on Matador Resources from $77.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. Finally, Mizuho lowered their price objective on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. 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 stock presently has an average rating of “Moderate Buy” and an average target price of $73.79.

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.