Charles Schwab Investment Management Inc. Has $83.92 Million Stake in Matador Resources (NYSE:MTDR)

Charles Schwab Investment Management Inc. increased its position in shares of Matador Resources (NYSE:MTDR) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,491,570 shares of the energy company’s stock after purchasing an additional 56,644 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.20% of Matador Resources worth $83,916,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after purchasing an additional 207 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in Matador Resources by 359.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after purchasing an additional 453 shares during the last quarter. True Wealth Design LLC acquired a new stake in Matador Resources during the 3rd quarter worth approximately $37,000. Denver PWM LLC lifted its holdings in Matador Resources by 67.2% during the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company’s stock worth $37,000 after purchasing an additional 303 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in Matador Resources by 329.0% during the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock worth $41,000 after purchasing an additional 635 shares during the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Paul W. Harvey acquired 600 shares of Matador Resources stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average price of $55.20 per share, for a total transaction of $33,120.00. Following the transaction, the director now directly owns 27,917 shares of the company’s stock, valued at approximately $1,541,018.40. The trade was a 2.20 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Van H. Singleton II acquired 2,000 shares of Matador Resources stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average price of $53.21 per share, for a total transaction of $106,420.00. Following the transaction, the insider now directly owns 289,135 shares in the company, valued at $15,384,873.35. The trade was a 0.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 21,530 shares of company stock worth $1,119,092 in the last 90 days. Insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MTDR shares. Morgan Stanley started coverage on Matador Resources in a report on Friday, January 10th. They set an “equal weight” rating and a $78.00 price target for the company. Stephens lifted their price target on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. TD Cowen lifted their price objective on Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Wells Fargo & Company lifted their price objective on Matador Resources from $87.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Finally, Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective for the company in a report on Friday, January 3rd. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.60.

Matador Resources Trading Down 0.5 %

Shares of MTDR opened at $45.05 on Tuesday. Matador Resources has a 52-week low of $43.89 and a 52-week high of $71.08. The business’s fifty day moving average is $57.21 and its 200-day moving average is $55.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 6.31 and a beta of 3.17.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The business had revenue of $970.37 million during the quarter, compared to the consensus estimate of $967.10 million. Equities analysts anticipate that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.25 dividend on an annualized basis and a yield of 2.77%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s payout ratio is currently 17.51%.

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.