Natixis Advisors L.P. Acquires 11,691 Shares of Matador Resources (NYSE:MTDR)

Natixis Advisors L.P. increased its holdings in shares of Matador Resources (NYSE:MTDR) by 20.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,550 shares of the energy company’s stock after buying an additional 11,691 shares during the quarter. Natixis Advisors L.P. owned 0.06% of Matador Resources worth $3,314,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Versant Capital Management Inc bought a new position in shares of Matador Resources in the first quarter worth about $35,000. Money Concepts Capital Corp grew its stake in shares of Matador Resources by 202.6% during the fourth quarter. Money Concepts Capital Corp now owns 690 shares of the energy company’s stock worth $39,000 after buying an additional 462 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Matador Resources by 52.0% during the first quarter. Parallel Advisors LLC now owns 836 shares of the energy company’s stock worth $40,000 after buying an additional 286 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Matador Resources by 46.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 760 shares of the energy company’s stock valued at $42,000 after acquiring an additional 242 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. acquired a new stake in shares of Matador Resources during the 1st quarter valued at $50,000. 87.23% of the stock is owned by institutional investors and hedge funds.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $64.54 on Friday. The business has a 50-day moving average price of $56.08 and a two-hundred day moving average price of $51.95. Matador Resources has a 1-year low of $42.04 and a 1-year high of $73.78. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 0.61. The company has a market cap of $7.69 billion, a P/E ratio of 8.43 and a beta of 3.54.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, July 25th. The energy company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.12). Matador Resources had a return on equity of 27.40% and a net margin of 33.46%. The business had revenue of $638.20 million for the quarter, compared to analyst estimates of $636.91 million. During the same period in the prior year, the business earned $3.47 EPS. The company’s revenue for the quarter was down 32.4% on a year-over-year basis. As a group, analysts anticipate that Matador Resources will post 6.36 EPS for the current year.

Matador Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. Matador Resources’s payout ratio is presently 7.83%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MTDR. Benchmark reaffirmed a “buy” rating and issued a $71.00 target price on shares of Matador Resources in a report on Friday, July 21st. StockNews.com started coverage on shares of Matador Resources in a report on Thursday, August 17th. They issued a “sell” rating for the company. Mizuho raised shares of Matador Resources from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $66.00 to $78.00 in a report on Wednesday, August 16th. Truist Financial raised their price target on shares of Matador Resources from $70.00 to $76.00 in a research note on Thursday, July 27th. Finally, Royal Bank of Canada reduced their price objective on shares of Matador Resources from $74.00 to $70.00 in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.89.

About Matador Resources

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.