1,047,911 Shares in Matador Resources (NYSE:MTDR) Acquired by Boston Trust Walden Corp

Boston Trust Walden Corp bought a new position in Matador Resources (NYSE:MTDR) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,047,911 shares of the energy company’s stock, valued at approximately $51,788,000. Boston Trust Walden Corp owned approximately 0.84% of Matador Resources at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Denver PWM LLC purchased a new stake in Matador Resources in the second quarter worth about $27,000. Covestor Ltd grew its holdings in shares of Matador Resources by 121.4% in the first quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after purchasing an additional 227 shares in the last quarter. Quarry LP increased its holdings in shares of Matador Resources by 47.5% in the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after buying an additional 251 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Matador Resources by 191.8% during the first quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock worth $47,000 after acquiring an additional 466 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Matador Resources by 28.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,403 shares of the energy company’s stock valued at $69,000 after purchasing an additional 313 shares during the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Matador Resources news, CAO Robert T. Macalik bought 500 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $54.50 per share, for a total transaction of $27,250.00. Following the acquisition, the chief accounting officer now owns 29,300 shares of the company’s stock, valued at $1,596,850. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Robert T. Macalik purchased 500 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were bought at an average price of $54.50 per share, with a total value of $27,250.00. Following the completion of the purchase, the chief accounting officer now directly owns 29,300 shares in the company, valued at approximately $1,596,850. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Bryan A. Erman acquired 1,000 shares of Matador Resources stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $50.35 per share, for a total transaction of $50,350.00. Following the completion of the purchase, the executive vice president now directly owns 2,750 shares in the company, valued at approximately $138,462.50. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 12,300 shares of company stock valued at $634,615 over the last quarter. Company insiders own 6.10% of the company’s stock.

Matador Resources Stock Performance

NYSE:MTDR opened at $51.83 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.82. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08. The firm has a market capitalization of $6.47 billion, a PE ratio of 6.86 and a beta of 3.26. The business’s fifty day moving average price is $52.74 and its 200 day moving average price is $58.12.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.11. Matador Resources had a net margin of 27.45% and a return on equity of 20.63%. The company had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. During the same quarter in the prior year, the firm posted $1.86 earnings per share. Matador Resources’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, sell-side analysts anticipate that Matador Resources will post 7.41 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s payout ratio is currently 10.60%.

Analysts Set New Price Targets

MTDR has been the topic of a number of research analyst reports. KeyCorp dropped their target price on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Benchmark restated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research note on Wednesday. Wolfe Research began coverage on Matador Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Royal Bank of Canada restated an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered their price objective on Matador Resources from $83.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and an average target price of $75.31.

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.