Boston Trust Walden Corp Increases Holdings in Matador Resources Company (NYSE:MTDR)

Boston Trust Walden Corp grew its holdings in shares of Matador Resources Company (NYSE:MTDR - Free Report) by 0.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,075,611 shares of the energy company's stock after purchasing an additional 6,251 shares during the quarter. Boston Trust Walden Corp owned approximately 0.86% of Matador Resources worth $54,953,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. TCTC Holdings LLC lifted its stake in Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock worth $28,000 after acquiring an additional 175 shares during the last quarter. Atria Investments Inc increased its holdings in Matador Resources by 3.1% during the 4th quarter. Atria Investments Inc now owns 8,188 shares of the energy company's stock valued at $461,000 after acquiring an additional 249 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Matador Resources by 108.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock worth $28,000 after purchasing an additional 256 shares in the last quarter. Arizona State Retirement System lifted its stake in Matador Resources by 0.8% in the 4th quarter. Arizona State Retirement System now owns 34,413 shares of the energy company's stock valued at $1,936,000 after buying an additional 280 shares in the last quarter. Finally, State of Wyoming grew its holdings in Matador Resources by 11.6% during the 4th quarter. State of Wyoming now owns 2,772 shares of the energy company's stock valued at $156,000 after buying an additional 288 shares during the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Joseph Wm Foran purchased 2,500 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was acquired at an average price of $39.63 per share, with a total value of $99,075.00. Following the purchase, the chief executive officer now directly owns 60,756 shares in the company, valued at approximately $2,407,760.28. This represents a 4.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Van H. Singleton II bought 1,000 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was purchased at an average price of $40.72 per share, with a total value of $40,720.00. Following the transaction, the insider now directly owns 291,135 shares in the company, valued at $11,855,017.20. The trade was a 0.34% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 14,850 shares of company stock valued at $601,103. 5.80% of the stock is owned by company insiders.

Matador Resources Stock Down 0.4%

Shares of Matador Resources stock traded down $0.21 on Thursday, hitting $51.06. The company had a trading volume of 1,502,548 shares, compared to its average volume of 1,622,690. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.79 and a quick ratio of 0.76. Matador Resources Company has a twelve month low of $35.19 and a twelve month high of $66.89. The firm has a market capitalization of $6.39 billion, a P/E ratio of 6.85 and a beta of 1.46. The stock has a 50-day moving average of $43.55 and a 200-day moving average of $50.61.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The energy company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.74 by $0.25. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $980.87 million. Matador Resources had a return on equity of 18.45% and a net margin of 24.97%. The firm's revenue for the quarter was up 28.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.71 earnings per share. Research analysts predict that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources announced that its Board of Directors has approved a stock buyback program on Wednesday, April 23rd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the energy company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 9th were issued a $0.3125 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.25 dividend on an annualized basis and a yield of 2.45%. Matador Resources's payout ratio is currently 16.78%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MTDR shares. JPMorgan Chase & Co. dropped their price objective on Matador Resources from $65.00 to $61.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Stephens cut their price objective on shares of Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Royal Bank Of Canada decreased their target price on shares of Matador Resources from $70.00 to $62.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. KeyCorp reduced their price target on shares of Matador Resources from $72.00 to $60.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Finally, Raymond James Financial dropped their target price on Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $69.06.

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.