Matador Resources Company (NYSE:MTDR) Stock Holdings Increased by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its position in Matador Resources Company (NYSE:MTDR) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,598 shares of the energy company’s stock after buying an additional 365 shares during the quarter. State of Alaska Department of Revenue’s holdings in Matador Resources were worth $694,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTDR. Vanguard Group Inc. boosted its stake in Matador Resources by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company’s stock valued at $706,375,000 after acquiring an additional 187,633 shares during the period. Dimensional Fund Advisors LP boosted its stake in Matador Resources by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,444,723 shares of the energy company’s stock valued at $306,313,000 after acquiring an additional 30,184 shares during the period. Alliancebernstein L.P. boosted its position in shares of Matador Resources by 25.9% during the fourth quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company’s stock worth $151,824,000 after buying an additional 555,245 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Matador Resources by 18.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,669,957 shares of the energy company’s stock worth $93,952,000 after buying an additional 258,958 shares during the period. Finally, LSV Asset Management boosted its position in shares of Matador Resources by 262.0% during the fourth quarter. LSV Asset Management now owns 1,517,308 shares of the energy company’s stock worth $85,364,000 after buying an additional 1,098,108 shares during the period. 91.98% of the stock is owned by institutional investors.

Matador Resources Price Performance

Shares of MTDR stock opened at $48.24 on Friday. Matador Resources Company has a 12-month low of $35.19 and a 12-month high of $66.89. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 6.48 and a beta of 1.46. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average of $44.88 and a 200-day moving average of $50.17.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, April 23rd. The energy company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.74 by $0.25. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $980.87 million. Matador Resources had a net margin of 24.97% and a return on equity of 18.45%. The firm’s revenue was up 28.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 EPS. On average, equities research analysts forecast that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources announced that its Board of Directors has approved a stock repurchase program on Wednesday, April 23rd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the energy company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 9th were given a $0.3125 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.25 annualized dividend and a yield of 2.59%. Matador Resources’s dividend payout ratio is currently 16.78%.

Insider Activity at Matador Resources

In other Matador Resources news, EVP William Thomas Elsener purchased 750 shares of the business’s stock in a transaction on Thursday, May 1st. The shares were purchased at an average cost of $40.10 per share, with a total value of $30,075.00. Following the transaction, the executive vice president now directly owns 111,197 shares of the company’s stock, valued at $4,458,999.70. This represents a 0.68% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph Wm Foran purchased 5,000 shares of the business’s stock in a transaction on Tuesday, April 29th. The shares were acquired at an average cost of $40.86 per share, for a total transaction of $204,300.00. Following the completion of the transaction, the chief executive officer now directly owns 50,756 shares in the company, valued at approximately $2,073,890.16. This represents a 10.93% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 14,850 shares of company stock valued at $601,103. 5.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MTDR has been the subject of several analyst reports. Royal Bank Of Canada reduced their price objective on Matador Resources from $70.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Morgan Stanley reduced their price objective on Matador Resources from $84.00 to $68.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Stephens reduced their price objective on Matador Resources from $90.00 to $86.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. KeyCorp reduced their price objective on Matador Resources from $72.00 to $60.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Finally, Mizuho reduced 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 Tuesday, May 13th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and an average price target of $69.06.

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.