Homestead Advisers Corp Has $2.23 Million Stock Holdings in Matador Resources Company (NYSE:MTDR)

Homestead Advisers Corp decreased its position in Matador Resources Company (NYSE:MTDR - Free Report) by 10.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,600 shares of the energy company's stock after selling 5,100 shares during the period. Homestead Advisers Corp's holdings in Matador Resources were worth $2,228,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MTDR. Altshuler Shaham Ltd acquired a new position in shares of Matador Resources during the 4th quarter worth about $25,000. MCF Advisors LLC acquired a new position in shares of Matador Resources during the 1st quarter worth about $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Matador Resources in the 1st quarter valued at about $28,000. Rakuten Securities Inc. raised its holdings in shares of Matador Resources by 9,090.9% in the 1st quarter. Rakuten Securities Inc. now owns 1,011 shares of the energy company's stock valued at $52,000 after purchasing an additional 1,000 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Matador Resources in the 4th quarter valued at about $68,000. Institutional investors and hedge funds own 91.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MTDR shares. Mizuho decreased their target price on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Wells Fargo & Company decreased their target price on shares of Matador Resources from $80.00 to $74.00 and set an "overweight" rating on the stock in a research report on Monday, June 16th. TD Cowen upgraded shares of Matador Resources to a "strong-buy" rating in a research report on Monday, July 7th. Morgan Stanley reduced their price target on shares of Matador Resources from $84.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Finally, Royal Bank Of Canada reduced their price target on shares of Matador Resources from $70.00 to $62.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $69.13.

Insider Activity at Matador Resources

In other Matador Resources news, COO Christopher P. Calvert purchased 1,500 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were acquired at an average cost of $41.13 per share, for a total transaction of $61,695.00. Following the completion of the transaction, the chief operating officer owned 36,500 shares of the company's stock, valued at approximately $1,501,245. The trade was a 4.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joseph Wm Foran purchased 5,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was acquired at an average price of $40.86 per share, for a total transaction of $204,300.00. Following the completion of the transaction, the chief executive officer directly owned 50,756 shares of the company's stock, valued at approximately $2,073,890.16. This trade represents a 10.93% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 14,850 shares of company stock valued at $601,103 over the last three months. Corporate insiders own 5.80% of the company's stock.

Matador Resources Stock Performance

Shares of MTDR stock traded up $0.88 during trading on Tuesday, reaching $50.74. 477,996 shares of the company's stock traded hands, compared to its average volume of 1,689,549. Matador Resources Company has a 1 year low of $35.19 and a 1 year high of $64.26. The company has a current ratio of 0.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $6.35 billion, a P/E ratio of 6.80 and a beta of 1.46. The firm's 50-day moving average is $47.85 and its 200 day moving average is $49.69.

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

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, August 15th. Matador Resources's dividend payout ratio is currently 16.78%.

Matador Resources declared that its board has authorized a stock buyback plan on Wednesday, April 23rd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the energy company to purchase up to 7.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

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.

Want to see what other hedge funds are holding MTDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Matador Resources Company (NYSE:MTDR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.