US Bancorp DE Raises Holdings in Matador Resources (NYSE:MTDR)

US Bancorp DE raised its position in Matador Resources (NYSE:MTDR) by 9.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 14,457 shares of the energy company’s stock after purchasing an additional 1,283 shares during the period. US Bancorp DE’s holdings in Matador Resources were worth $813,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in shares of Matador Resources by 12.0% in the third quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company’s stock worth $54,122,000 after buying an additional 107,827 shares in the last quarter. Loomis Sayles & Co. L P grew its position in shares of Matador Resources by 16.8% in the third quarter. Loomis Sayles & Co. L P now owns 455,662 shares of the energy company’s stock valued at $22,519,000 after purchasing an additional 65,487 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Matador Resources by 81.2% in the third quarter. Stifel Financial Corp now owns 30,304 shares of the energy company’s stock valued at $1,498,000 after purchasing an additional 13,583 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Matador Resources by 16.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company’s stock worth $8,088,000 after buying an additional 20,172 shares during the last quarter. Finally, HITE Hedge Asset Management LLC purchased a new stake in Matador Resources in the 3rd quarter valued at $10,526,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Price Performance

Matador Resources stock opened at $45.05 on Tuesday. The company’s 50 day moving average is $57.21 and its two-hundred day moving average is $55.34. The firm has a market cap of $5.64 billion, a PE ratio of 6.31 and a beta of 3.17. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. Matador Resources has a 52-week low of $43.89 and a 52-week high of $71.08.

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

Matador Resources Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MTDR. Stephens boosted their price target on shares of Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Raymond James dropped their price target on shares of Matador Resources from $77.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday. Wolfe Research raised shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a research report on Friday, January 3rd. Benchmark reiterated a “buy” rating and issued a $62.00 price objective on shares of Matador Resources in a research report on Friday, January 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $74.60.

Insider Buying and Selling

In other news, CAO Robert T. Macalik acquired 1,200 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $47.98 per share, with a total value of $57,576.00. Following the transaction, the chief accounting officer now owns 31,000 shares in the company, valued at approximately $1,487,380. This trade represents a 4.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph Wm Foran bought 6,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of $53.94 per share, for a total transaction of $323,640.00. Following the acquisition, the chief executive officer now directly owns 39,379 shares of the company’s stock, valued at $2,124,103.26. The trade was a 17.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 21,530 shares of company stock worth $1,119,092. Company insiders own 6.10% of the company’s stock.

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.