Barclays PLC Acquires 26,289 Shares of Matador Resources (NYSE:MTDR)

Barclays PLC grew its holdings in shares of Matador Resources (NYSE:MTDR) by 16.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 190,035 shares of the energy company’s stock after buying an additional 26,289 shares during the period. Barclays PLC owned approximately 0.15% of Matador Resources worth $9,391,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Boston Trust Walden Corp acquired a new position in shares of Matador Resources during the third quarter worth approximately $51,788,000. Yaupon Capital Management LP lifted its stake in shares of Matador Resources by 565.4% in the third quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company’s stock valued at $36,770,000 after buying an additional 632,218 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Matador Resources by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock valued at $282,196,000 after buying an additional 356,506 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Matador Resources during the second quarter worth about $18,747,000. Finally, FMR LLC lifted its position in Matador Resources by 162.9% in the 3rd quarter. FMR LLC now owns 478,795 shares of the energy company’s stock valued at $23,662,000 after acquiring an additional 296,663 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on MTDR shares. Royal Bank of Canada reissued an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a report on Friday, December 6th. Stephens raised their price objective on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Wells Fargo & Company upped their target price on shares of Matador Resources from $87.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday. Mizuho dropped their price target on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Benchmark reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Matador Resources in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.31.

Matador Resources Stock Down 0.9 %

Shares of NYSE MTDR opened at $55.69 on Wednesday. The business’s fifty day moving average price is $55.53 and its 200-day moving average price is $56.27. Matador Resources has a one year low of $47.15 and a one year high of $71.08. The stock has a market capitalization of $6.95 billion, a PE ratio of 7.38 and a beta of 3.26. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm had revenue of $770.20 million during the quarter, compared to analyst estimates of $836.69 million. During the same quarter last year, the business earned $1.86 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities research analysts anticipate that Matador Resources will post 7.49 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a dividend of $0.25 per share. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. Matador Resources’s payout ratio is presently 13.25%.

Insiders Place Their Bets

In other Matador Resources news, EVP Glenn W. Stetson acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was bought at an average price of $51.33 per share, with a total value of $51,330.00. Following the completion of the acquisition, the executive vice president now owns 85,935 shares of the company’s stock, valued at $4,411,043.55. This trade represents a 1.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP William Thomas Elsener purchased 800 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $56.60 per share, for a total transaction of $45,280.00. Following the acquisition, the executive vice president now directly owns 102,964 shares in the company, valued at approximately $5,827,762.40. The trade was a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 4,285 shares of company stock worth $232,849 over the last 90 days. Corporate insiders own 6.10% of the company’s stock.

Matador Resources 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.