Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 133,818 Matador Resources (NYSE:MTDR)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Matador Resources (NYSE:MTDR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 133,818 shares of the energy company's stock, valued at approximately $7,529,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.11% of Matador Resources at the end of the most recent quarter.

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

Matador Resources Stock Performance

Matador Resources stock traded down $0.75 during trading hours on Wednesday, reaching $45.05. 1,316,799 shares of the stock were exchanged, compared to its average volume of 1,623,003. Matador Resources has a 52-week low of $35.19 and a 52-week high of $66.89. The stock has a market cap of $5.64 billion, a P/E ratio of 6.31 and a beta of 1.47. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The firm's 50 day moving average is $42.46 and its 200 day moving average is $51.34.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.25. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $980.87 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. Matador Resources's revenue was up 28.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.71 earnings per share. Analysts predict that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 2.77%. The ex-dividend date is Friday, May 9th. Matador Resources's payout ratio is currently 16.78%.

Matador Resources declared that its board has approved a share repurchase program on Wednesday, April 23rd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the energy company to buy up to 7.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have recently commented on MTDR. Royal Bank of Canada cut their price objective on Matador Resources from $70.00 to $62.00 and set an "outperform" rating for the company in a report on Friday, April 11th. UBS Group started coverage on Matador Resources in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $47.00 price objective for the company. Morgan Stanley cut their target price on Matador Resources from $84.00 to $68.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Wells Fargo & Company lowered their price objective on shares of Matador Resources from $86.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, Bank of America started coverage on Matador Resources in a research note on Monday, May 19th. They issued a "buy" rating and a $56.00 price objective for the company. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Matador Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.44.

Insiders Place Their Bets

In related news, EVP Glenn W. Stetson purchased 1,000 shares of Matador Resources stock in a transaction dated Monday, April 28th. The stock was acquired at an average cost of $41.53 per share, with a total value of $41,530.00. Following the completion of the transaction, the executive vice president now directly owns 93,180 shares of the company's stock, valued at $3,869,765.40. This trade represents a 1.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph Wm Foran bought 2,500 shares of Matador Resources 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 completion of the purchase, the chief executive officer now directly owns 60,756 shares of the company's stock, valued at approximately $2,407,760.28. The trade was a 4.29% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 15,650 shares of company stock worth $638,408. 6.10% of the stock is owned by company insiders.

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.