Matador Resources (NYSE:MTDR) Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC raised its stake in Matador Resources (NYSE:MTDR) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 551,106 shares of the energy company’s stock after acquiring an additional 11,256 shares during the quarter. William Blair Investment Management LLC owned approximately 0.44% of Matador Resources worth $31,005,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. TCTC Holdings LLC raised its holdings in shares of Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after acquiring an additional 175 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Matador Resources by 68.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after purchasing an additional 207 shares during the period. ClearAlpha Technologies LP grew its position in shares of Matador Resources by 4.3% in the third quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company’s stock valued at $259,000 after purchasing an additional 218 shares during the period. Atria Investments Inc grew its position in shares of Matador Resources by 3.1% in the fourth quarter. Atria Investments Inc now owns 8,188 shares of the energy company’s stock valued at $461,000 after purchasing an additional 249 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock valued at $28,000 after purchasing an additional 256 shares during the period. 91.98% of the stock is owned by institutional investors and hedge funds.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $50.54 on Wednesday. Matador Resources has a 1-year low of $43.89 and a 1-year high of $71.08. The business has a 50-day moving average of $55.88 and a 200-day moving average of $54.89. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 7.08 and a beta of 3.17.

Matador Resources (NYSE:MTDR) last issued 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). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The company had revenue of $970.37 million during the quarter, compared to analysts’ expectations of $967.10 million. On average, equities analysts anticipate that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.3125 dividend. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 28th. This represents a $1.25 annualized dividend and a dividend yield of 2.47%. Matador Resources’s payout ratio is 17.51%.

Insider Buying and Selling

In other Matador Resources news, Director Timothy E. Parker purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $44.67 per share, for a total transaction of $89,340.00. Following the completion of the purchase, the director now owns 83,790 shares in the company, valued at $3,742,899.30. The trade was a 2.45 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph Wm Foran purchased 6,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average price of $53.94 per share, for a total transaction of $323,640.00. Following the purchase, the chief executive officer now owns 39,379 shares of the company’s stock, valued at approximately $2,124,103.26. This represents a 17.98 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 21,350 shares of company stock worth $1,100,769. 6.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective for the company in a research report on Friday, January 3rd. Stephens lifted their price objective on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Mizuho lowered their price objective on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. TD Cowen lifted their price objective on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. lowered their price target on Matador Resources from $76.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and an average target price of $74.20.

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.