Natixis Advisors LLC Boosts Stock Position in Matador Resources (NYSE:MTDR)

Natixis Advisors LLC increased its stake in Matador Resources (NYSE:MTDR) by 39.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 228,411 shares of the energy company’s stock after purchasing an additional 64,043 shares during the quarter. Natixis Advisors LLC owned about 0.18% of Matador Resources worth $12,850,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Eagle Investment Management LLC grew its stake in Matador Resources by 4.7% during the fourth quarter. First Eagle Investment Management LLC now owns 325,335 shares of the energy company’s stock valued at $18,303,000 after acquiring an additional 14,550 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in shares of Matador Resources during the 4th quarter valued at $12,433,000. Swiss National Bank increased its holdings in shares of Matador Resources by 0.7% in the fourth quarter. Swiss National Bank now owns 233,202 shares of the energy company’s stock worth $13,120,000 after purchasing an additional 1,700 shares during the period. Avantax Advisory Services Inc. purchased a new stake in shares of Matador Resources in the fourth quarter worth $515,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Matador Resources by 108.5% during the fourth 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 period. 91.98% of the stock is currently owned by institutional investors.

Insider Activity at Matador Resources

In related news, Director Timothy E. Parker acquired 2,000 shares of Matador Resources stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $44.67 per share, with a total value of $89,340.00. Following the transaction, the director now owns 83,790 shares in the company, valued at $3,742,899.30. This trade represents a 2.45 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Glenn W. Stetson acquired 1,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was bought at an average price of $53.06 per share, with a total value of $53,060.00. Following the completion of the acquisition, the executive vice president now directly owns 91,680 shares in the company, valued at approximately $4,864,540.80. This represents a 1.10 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 21,350 shares of company stock worth $1,100,769 in the last 90 days. Company insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Benchmark restated a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. Truist Financial raised their target price on shares of Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Raymond James cut their price target on shares of Matador Resources from $77.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, March 10th. Morgan Stanley assumed coverage on shares of Matador Resources in a research report on Friday, January 10th. They set an “equal weight” rating and a $78.00 price objective on the stock. Finally, Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 target price on the stock in a research note on Friday, January 3rd. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $74.20.

Matador Resources Price Performance

Shares of Matador Resources stock opened at $52.62 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. Matador Resources has a one year low of $43.89 and a one year high of $71.08. The business’s 50 day simple moving average is $55.74 and its two-hundred day simple moving average is $54.88. The stock has a market capitalization of $6.59 billion, a P/E ratio of 7.37 and a beta of 3.17.

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

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.3125 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a dividend yield of 2.38%. Matador Resources’s dividend payout ratio (DPR) is presently 17.51%.

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.