Natixis Advisors L.P. Purchases 2,703 Shares of Matador Resources (NYSE:MTDR)

Natixis Advisors L.P. raised its position in Matador Resources (NYSE:MTDRGet Rating) by 3.5% during the first quarter, Holdings Channel reports. The institutional investor owned 79,923 shares of the energy company’s stock after buying an additional 2,703 shares during the quarter. Natixis Advisors L.P.’s holdings in Matador Resources were worth $4,234,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Crown Advisors Management Inc. bought a new position in Matador Resources in the 1st quarter valued at $2,649,000. Eagle Asset Management Inc. bought a new position in Matador Resources in the 1st quarter valued at $9,252,000. PNC Financial Services Group Inc. boosted its position in shares of Matador Resources by 28.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 15,155 shares of the energy company’s stock worth $804,000 after purchasing an additional 3,373 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in shares of Matador Resources by 76.1% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 12,738 shares of the energy company’s stock worth $674,000 after purchasing an additional 5,506 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of Matador Resources by 14.7% in the 1st quarter. Private Advisor Group LLC now owns 41,663 shares of the energy company’s stock worth $2,207,000 after purchasing an additional 5,339 shares during the last quarter. 88.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered Matador Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.56.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $58.37 on Tuesday. The company has a market capitalization of $6.89 billion, a PE ratio of 6.70 and a beta of 3.64. Matador Resources has a 12 month low of $27.60 and a 12 month high of $67.78. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.48. The stock’s fifty day simple moving average is $53.12 and its 200 day simple moving average is $53.30.

Matador Resources (NYSE:MTDRGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The energy company reported $3.47 EPS for the quarter, topping the consensus estimate of $3.16 by $0.31. The business had revenue of $943.93 million for the quarter, compared to the consensus estimate of $829.21 million. Matador Resources had a return on equity of 43.58% and a net margin of 40.86%. During the same quarter last year, the business posted $1.02 EPS. On average, research analysts predict that Matador Resources will post 11.1 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Wednesday, August 17th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, August 16th. This is an increase from Matador Resources’s previous quarterly dividend of $0.05. Matador Resources’s dividend payout ratio (DPR) is presently 4.59%.

Matador Resources Profile

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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.

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Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

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