Matador Resources (NYSE:MTDR) Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Matador Resources (NYSE:MTDR) by 5.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 197,905 shares of the energy company’s stock after acquiring an additional 9,371 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.16% of Matador Resources worth $11,795,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Denver PWM LLC purchased a new stake in shares of Matador Resources during the second quarter worth approximately $27,000. Covestor Ltd grew its holdings in shares of Matador Resources by 121.4% during the first quarter. Covestor Ltd now owns 414 shares of the energy company’s stock worth $28,000 after buying an additional 227 shares in the last quarter. Rise Advisors LLC acquired a new stake in shares of Matador Resources in the first quarter valued at about $34,000. Advisors Asset Management Inc. grew its stake in Matador Resources by 191.8% during the 1st quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock valued at $47,000 after acquiring an additional 466 shares in the last quarter. Finally, Creekmur Asset Management LLC acquired a new stake in Matador Resources in the 4th quarter valued at about $54,000. 91.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran bought 2,500 shares of Matador Resources stock in a transaction on Monday, September 9th. The stock was bought at an average price of $49.97 per share, with a total value of $124,925.00. Following the completion of the acquisition, the chief executive officer now owns 40,251 shares in the company, valued at $2,011,342.47. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Matador Resources news, CAO Robert T. Macalik bought 500 shares of the business’s stock in a transaction on Friday, September 6th. The stock was bought at an average price of $50.25 per share, for a total transaction of $25,125.00. Following the completion of the transaction, the chief accounting officer now owns 29,800 shares in the company, valued at approximately $1,497,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph Wm Foran purchased 2,500 shares of the stock in a transaction dated Monday, September 9th. The stock was acquired at an average price of $49.97 per share, for a total transaction of $124,925.00. Following the completion of the transaction, the chief executive officer now directly owns 40,251 shares of the company’s stock, valued at $2,011,342.47. The disclosure for this purchase can be found here. In the last three months, insiders acquired 12,300 shares of company stock valued at $634,615. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MTDR shares. Wells Fargo & Company cut their price target on Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday. Wolfe Research assumed coverage on shares of Matador Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of Matador Resources in a report on Friday, September 27th. Benchmark restated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a report on Wednesday, July 24th. Finally, Stephens upped their price objective on Matador Resources from $74.00 to $76.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.67.

Matador Resources Trading Up 2.2 %

NYSE MTDR opened at $50.49 on Wednesday. The firm’s fifty day moving average price is $54.70 and its 200 day moving average price is $60.09. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.82. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 6.92 and a beta of 3.27.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, July 23rd. The energy company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.76 by $0.29. The company had revenue of $847.14 million for the quarter, compared to analyst estimates of $822.55 million. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The firm’s revenue was up 32.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 earnings per share. On average, sell-side analysts expect that Matador Resources will post 7.63 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, August 15th. Matador Resources’s payout ratio is 10.96%.

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.