Copeland Capital Management LLC Has $64.07 Million Stock Holdings in Matador Resources Company (NYSE:MTDR)

Copeland Capital Management LLC lowered its position in shares of Matador Resources Company (NYSE:MTDR - Free Report) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,253,988 shares of the energy company's stock after selling 29,755 shares during the period. Matador Resources accounts for approximately 1.3% of Copeland Capital Management LLC's investment portfolio, making the stock its 23rd biggest holding. Copeland Capital Management LLC owned approximately 1.00% of Matador Resources worth $64,066,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new position in Matador Resources in the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its position in shares of Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock valued at $28,000 after acquiring an additional 256 shares during the period. TCTC Holdings LLC grew its stake in shares of Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock valued at $28,000 after acquiring an additional 175 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in Matador Resources during the first quarter worth about $28,000. Finally, SRS Capital Advisors Inc. increased its position in Matador Resources by 359.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock worth $33,000 after acquiring an additional 453 shares during the period. Institutional investors own 91.98% of the company's stock.

Matador Resources Price Performance

Shares of NYSE MTDR traded up $1.70 during mid-day trading on Tuesday, hitting $49.42. 1,839,460 shares of the stock traded hands, compared to its average volume of 1,564,015. The company has a market cap of $6.19 billion, a PE ratio of 6.63 and a beta of 1.46. Matador Resources Company has a twelve month low of $35.19 and a twelve month high of $66.89. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.79 and a quick ratio of 0.76. The firm has a 50 day simple moving average of $45.03 and a two-hundred day simple moving average of $50.06.

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

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

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 9th were issued a dividend of $0.3125 per share. The ex-dividend date was Friday, May 9th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.53%. Matador Resources's dividend payout ratio (DPR) is presently 16.78%.

Insider Buying and Selling

In other news, EVP Glenn W. Stetson bought 1,000 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was acquired at an average price of $41.53 per share, with a total value of $41,530.00. Following the completion of the purchase, the executive vice president directly owned 93,180 shares of the company's stock, valued at approximately $3,869,765.40. This represents a 1.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP William Thomas Elsener acquired 750 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was acquired at an average cost of $40.10 per share, for a total transaction of $30,075.00. Following the completion of the purchase, the executive vice president directly owned 111,197 shares in the company, valued at $4,458,999.70. This trade represents a 0.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 14,850 shares of company stock valued at $601,103 over the last quarter. 5.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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. Raymond James Financial reduced their price target on Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Royal Bank Of Canada cut their target price on Matador Resources from $70.00 to $62.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Bank of America began coverage on Matador Resources in a research note on Monday, May 19th. They issued a "buy" rating and a $56.00 price target for the company. Finally, Stephens cut their price objective on shares of Matador Resources from $90.00 to $86.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, Matador Resources has a consensus rating of "Moderate Buy" and a consensus 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.