4,481 Shares in Matador Resources (NYSE:MTDR) Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. bought a new position in shares of Matador Resources (NYSE:MTDR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,481 shares of the energy company’s stock, valued at approximately $252,000.

Several other hedge funds have also added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB boosted its position in Matador Resources by 68.3% during the 4th 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. ClearAlpha Technologies LP boosted its position in Matador Resources by 4.3% during the 3rd quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company’s stock worth $259,000 after buying an additional 218 shares during the period. Atria Investments Inc boosted its position in Matador Resources by 3.1% during the 4th quarter. Atria Investments Inc now owns 8,188 shares of the energy company’s stock worth $461,000 after buying an additional 249 shares during the period. Arizona State Retirement System boosted its position in Matador Resources by 0.8% during the 4th quarter. Arizona State Retirement System now owns 34,413 shares of the energy company’s stock worth $1,936,000 after buying an additional 280 shares during the period. Finally, Denver PWM LLC boosted its position in Matador Resources by 67.2% during the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock worth $37,000 after buying an additional 303 shares during the period. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Stock Performance

NYSE:MTDR opened at $45.27 on Monday. The company has a fifty day moving average of $57.21 and a 200-day moving average of $55.34. The firm has a market capitalization of $5.67 billion, a P/E ratio of 6.34 and a beta of 3.17. 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 $43.89 and a twelve month high of $71.08.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The business had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. As a group, sell-side analysts anticipate that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Friday, February 28th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s payout ratio is 17.51%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MTDR shares. Mizuho lowered their price target on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Wells Fargo & Company raised their price target on shares of Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Truist Financial raised their price target on shares of Matador Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Royal Bank of Canada restated an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a report on Wednesday, January 15th. Finally, Benchmark restated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a report on Friday, January 17th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Matador Resources presently has a consensus rating of “Moderate Buy” and an average target price of $75.14.

Insider Buying and Selling at Matador Resources

In other news, EVP William Thomas Elsener acquired 800 shares of the business’s stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $56.60 per share, with a total value of $45,280.00. Following the acquisition, the executive vice president now directly owns 102,964 shares of the company’s stock, valued at $5,827,762.40. The trade was a 0.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Christopher P. Calvert acquired 1,300 shares of the business’s stock in a transaction on Friday, February 21st. The shares were purchased at an average cost of $55.17 per share, for a total transaction of $71,721.00. Following the completion of the acquisition, the chief operating officer now directly owns 34,000 shares in the company, valued at approximately $1,875,780. The trade was a 3.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 21,530 shares of company stock worth $1,119,092. 6.10% of the stock is owned by corporate insiders.

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.