Axiom Investors LLC DE Has $7.86 Million Stock Position in Matador Resources Company $MTDR

Key Points

• Axiom Investors LLC DE has reduced its stake in Matador Resources Company by 28.2%, bringing its ownership to $7.86 million worth of shares.
• Institutional investors now own 91.98% of Matador Resources, with significant increases from firms like Vanguard Group, which raised its stake by 7.6%.
• Matador Resources recently declared a quarterly dividend of $0.3125 per share, resulting in an annual yield of 2.6% and a payout ratio of 18.30%.

Axiom Investors LLC DE lowered its stake in Matador Resources Company (NYSE:MTDR - Free Report) by 28.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,829 shares of the energy company's stock after selling 60,335 shares during the period. Axiom Investors LLC DE owned 0.12% of Matador Resources worth $7,859,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Matador Resources by 7.6% during the first quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company's stock valued at $690,310,000 after acquiring an additional 956,090 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Matador Resources by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 5,464,857 shares of the energy company's stock valued at $279,192,000 after acquiring an additional 20,134 shares during the last quarter. LSV Asset Management raised its stake in shares of Matador Resources by 50.9% during the first quarter. LSV Asset Management now owns 2,289,379 shares of the energy company's stock valued at $116,964,000 after acquiring an additional 772,071 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Matador Resources by 30.5% during the first quarter. Wellington Management Group LLP now owns 2,043,715 shares of the energy company's stock valued at $104,413,000 after acquiring an additional 477,236 shares during the last quarter. Finally, Beck Mack & Oliver LLC raised its stake in shares of Matador Resources by 6.8% during the first quarter. Beck Mack & Oliver LLC now owns 1,514,928 shares of the energy company's stock valued at $77,398,000 after acquiring an additional 96,562 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MTDR shares. UBS Group lowered their target price on shares of Matador Resources from $49.00 to $48.00 and set a "neutral" rating for the company in a research note on Wednesday, August 20th. Mizuho lowered their target price on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Wells Fargo & Company lowered their target price on shares of Matador Resources from $80.00 to $74.00 and set an "overweight" rating for the company in a research note on Monday, June 16th. Morgan Stanley raised their price target on shares of Matador Resources from $60.00 to $62.00 and gave the stock an "equal weight" rating in a report on Monday, August 18th. Finally, Bank of America started coverage on shares of Matador Resources in a report on Monday, May 19th. They issued a "buy" rating and a $56.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $67.53.

Matador Resources Stock Down 3.8%

Shares of NYSE MTDR opened at $48.10 on Monday. The stock has a market capitalization of $5.99 billion, a P/E ratio of 7.04 and a beta of 1.49. The company has a 50-day moving average price of $49.39 and a 200-day moving average price of $47.03. Matador Resources Company has a 1 year low of $35.19 and a 1 year high of $64.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.81.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The energy company reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.24. Matador Resources had a net margin of 22.57% and a return on equity of 16.53%. The firm had revenue of $895.31 million during the quarter, compared to analysts' expectations of $892.86 million. During the same period last year, the company earned $2.05 earnings per share. The business's revenue was up 8.2% on a year-over-year basis. On average, equities research analysts forecast that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a dividend of $0.3125 per share. The ex-dividend date was Friday, August 15th. This represents a $1.25 annualized dividend and a yield of 2.6%. Matador Resources's payout ratio is 18.30%.

Insiders Place Their Bets

In other news, CEO Joseph Wm Foran purchased 5,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average cost of $49.17 per share, for a total transaction of $245,850.00. Following the completion of the acquisition, the chief executive officer owned 6,606 shares in the company, valued at $324,817.02. This trade represents a 311.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.80% of the company's stock.

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.

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