Vaughan Nelson Investment Management L.P. Has $35.62 Million Stake in Matador Resources (NYSE:MTDR)

Vaughan Nelson Investment Management L.P. lessened its holdings in shares of Matador Resources (NYSE:MTDR - Free Report) by 27.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 697,215 shares of the energy company's stock after selling 262,580 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.56% of Matador Resources worth $35,621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in Matador Resources by 16.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company's stock worth $8,088,000 after buying an additional 20,172 shares during the last quarter. New York State Teachers Retirement System increased its stake in shares of Matador Resources by 2.2% during the 4th quarter. New York State Teachers Retirement System now owns 135,477 shares of the energy company's stock worth $7,622,000 after purchasing an additional 2,881 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Matador Resources by 1.9% during the 4th quarter. Rhumbline Advisers now owns 309,022 shares of the energy company's stock worth $17,386,000 after purchasing an additional 5,716 shares during the last quarter. James Investment Research Inc. raised its holdings in shares of Matador Resources by 5.6% during the 4th quarter. James Investment Research Inc. now owns 60,985 shares of the energy company's stock valued at $3,431,000 after purchasing an additional 3,226 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of Matador Resources by 20.4% in the 4th quarter. Sanctuary Advisors LLC now owns 7,316 shares of the energy company's stock valued at $436,000 after purchasing an additional 1,238 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company's stock.

Matador Resources Price Performance

MTDR stock traded down $1.30 during midday trading on Monday, reaching $50.34. 475,208 shares of the company's stock traded hands, compared to its average volume of 1,617,257. The company has a 50-day simple moving average of $42.93 and a two-hundred day simple moving average of $50.67. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. Matador Resources has a 1-year low of $35.19 and a 1-year high of $66.89. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 7.05 and a beta of 1.46.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.25. The business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $980.87 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The firm's revenue for the quarter 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. On average, analysts anticipate that Matador Resources will post 8.53 earnings per share for the current year.

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

Matador Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 9th were paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Friday, May 9th. Matador Resources's dividend payout ratio is presently 16.78%.

Insider Transactions at Matador Resources

In other news, CEO Joseph Wm Foran purchased 2,500 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were 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 $2,407,760.28. The trade was a 4.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William Thomas Elsener acquired 750 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was purchased at an average price of $40.10 per share, with a total value of $30,075.00. Following the completion of the transaction, the executive vice president now owns 111,197 shares of the company's stock, valued at approximately $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. Over the last three months, insiders have purchased 14,850 shares of company stock worth $601,103. Corporate insiders own 5.80% of the company's stock.

Wall Street Analyst Weigh In

MTDR has been the topic of a number of recent analyst reports. 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 on the stock. Morgan Stanley lowered their price target on Matador Resources from $84.00 to $68.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Royal Bank of Canada reduced their price objective on shares of Matador Resources from $70.00 to $62.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. UBS Group assumed coverage on shares of Matador Resources in a report on Tuesday, April 22nd. They set a "neutral" rating and a $47.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on shares of Matador Resources from $80.00 to $74.00 and set an "overweight" rating on the stock in a report on Monday. 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.com, Matador Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.06.

About Matador Resources

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.