Mesirow Institutional Investment Management Inc. Boosts Stake in Matador Resources (NYSE:MTDR)

Mesirow Institutional Investment Management Inc. grew its position in Matador Resources (NYSE:MTDR) by 37.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 245,750 shares of the energy company’s stock after acquiring an additional 66,376 shares during the quarter. Mesirow Institutional Investment Management Inc.’s holdings in Matador Resources were worth $13,826,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. LSV Asset Management increased its position in Matador Resources by 262.0% in the fourth quarter. LSV Asset Management now owns 1,517,308 shares of the energy company’s stock worth $85,364,000 after purchasing an additional 1,098,108 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 760,122 shares during the last quarter. Alliancebernstein L.P. grew its position in Matador Resources by 25.9% in the fourth quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company’s stock worth $151,824,000 after acquiring an additional 555,245 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Matador Resources during the fourth quarter worth approximately $22,509,000. Finally, Vaughan Nelson Investment Management L.P. raised its position in Matador Resources by 57.3% during 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 purchasing an additional 349,820 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Matador Resources

In other news, CEO Joseph Wm Foran purchased 6,000 shares of the business’s stock in a transaction on Friday, February 21st. The shares were acquired at an average cost of $53.94 per share, with a total value of $323,640.00. Following the completion of the acquisition, the chief executive officer now owns 39,379 shares of the company’s stock, valued at $2,124,103.26. This trade represents a 17.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul W. Harvey purchased 600 shares of Matador Resources stock in a transaction dated Friday, February 21st. The shares were acquired at an average cost of $55.20 per share, for a total transaction of $33,120.00. Following the completion of the transaction, the director now owns 27,917 shares of the company’s stock, valued at approximately $1,541,018.40. This represents a 2.20 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 21,350 shares of company stock worth $1,100,769 over the last quarter. Insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MTDR shares. Truist Financial boosted their target price on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. dropped their price target on shares of Matador Resources from $65.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Stephens decreased their price objective on shares of Matador Resources from $90.00 to $86.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Benchmark reaffirmed a “buy” rating and set a $62.00 target price on shares of Matador Resources in a research note on Friday, January 17th. Finally, Morgan Stanley decreased their price target on Matador Resources from $84.00 to $68.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $73.29.

Matador Resources Trading Up 3.3 %

NYSE MTDR opened at $41.44 on Friday. Matador Resources has a one year low of $35.19 and a one year high of $67.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 5.80 and a beta of 2.74. The company’s 50-day simple moving average is $48.21 and its two-hundred day simple moving average is $53.82.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. Equities analysts forecast that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 9th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Friday, May 9th. Matador Resources’s payout ratio is currently 17.51%.

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.