Matador Resources (NYSE:MTDR) Shares Purchased by US Bancorp DE

US Bancorp DE grew its position in shares of Matador Resources (NYSE:MTDR) by 9.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,457 shares of the energy company’s stock after buying an additional 1,283 shares during the quarter. US Bancorp DE’s holdings in Matador Resources were worth $813,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its stake 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 last quarter. True Wealth Design LLC acquired a new stake in shares of Matador Resources in the third quarter valued at approximately $37,000. Denver PWM LLC grew its position in shares of Matador Resources by 67.2% during the third quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock worth $37,000 after acquiring an additional 303 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of Matador Resources by 329.0% during the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock worth $41,000 after acquiring an additional 635 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Matador Resources by 90.2% in the 4th quarter. First Horizon Advisors Inc. now owns 858 shares of the energy company’s stock valued at $48,000 after acquiring an additional 407 shares during the period. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MTDR. Mizuho lowered their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a report on Friday, January 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research report on Wednesday, January 15th. Stephens increased their price target on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Truist Financial boosted their price objective 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. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $74.60.

Matador Resources Stock Performance

MTDR opened at $45.05 on Tuesday. Matador Resources has a 1-year low of $43.89 and a 1-year high of $71.08. The stock has a market cap of $5.64 billion, a P/E ratio of 6.31 and a beta of 3.17. The stock’s 50 day simple moving average is $57.21 and its 200 day simple moving average is $55.34. 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 (NYSE:MTDR) last posted its 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 during the quarter, compared to analyst estimates of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. As a group, equities analysts anticipate that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued 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 2.77%. The ex-dividend date of this dividend is Friday, February 28th. Matador Resources’s dividend payout ratio (DPR) is 17.51%.

Insiders Place Their Bets

In other news, CAO Robert T. Macalik bought 1,200 shares of Matador Resources stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $47.98 per share, for a total transaction of $57,576.00. Following the acquisition, the chief accounting officer now owns 31,000 shares in the company, valued at approximately $1,487,380. This trade represents a 4.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Timothy E. Parker acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was purchased 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 of the company’s stock, valued at approximately $3,742,899.30. The trade was a 2.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 21,530 shares of company stock worth $1,119,092. Insiders own 6.10% of the company’s stock.

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.