First Trust Advisors LP Has $39.88 Million Holdings in Matador Resources (NYSE:MTDR)

First Trust Advisors LP boosted its position in Matador Resources (NYSE:MTDR - Free Report) by 6.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 708,910 shares of the energy company's stock after buying an additional 44,628 shares during the quarter. First Trust Advisors LP owned approximately 0.57% of Matador Resources worth $39,883,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. 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 worth $28,000 after acquiring an additional 175 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock worth $29,000 after purchasing an additional 207 shares during the last quarter. Atria Investments Inc increased its holdings in shares of Matador Resources by 3.1% during the 4th quarter. Atria Investments Inc now owns 8,188 shares of the energy company's stock worth $461,000 after purchasing an additional 249 shares during the period. EverSource Wealth Advisors LLC increased its holdings 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 during the period. Finally, Arizona State Retirement System raised 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 valued at $1,936,000 after buying an additional 280 shares during the last quarter. Institutional investors own 91.98% of the company's stock.

Insider Buying and Selling at Matador Resources

In other news, CEO Joseph Wm Foran bought 6,000 shares of the company's stock in a transaction dated Friday, February 21st. The stock was bought at an average price of $53.94 per share, for a total transaction of $323,640.00. Following the completion of the transaction, the chief executive officer now directly owns 39,379 shares in the company, valued at $2,124,103.26. The trade was a 17.98 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Robert T. Macalik purchased 1,200 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $47.98 per share, for a total transaction of $57,576.00. Following the acquisition, the chief accounting officer now owns 31,000 shares of the company's stock, valued at $1,487,380. The trade was a 4.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 27,350 shares of company stock worth $1,346,599. 6.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MTDR has been the topic of several research reports. Wells Fargo & Company lowered their price target on Matador Resources from $86.00 to $80.00 and set an "overweight" rating on the stock in a research note on Monday. UBS Group started coverage on Matador Resources in a research report on Tuesday, April 22nd. They set a "neutral" rating and a $47.00 price objective on the stock. Stephens reduced their target price on Matador Resources from $90.00 to $86.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Truist Financial boosted their price target on shares of Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a report on Monday, January 13th. Finally, Morgan Stanley reduced their price objective on shares of Matador Resources from $84.00 to $68.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $70.33.

Matador Resources Price Performance

Shares of MTDR traded down $1.49 on Wednesday, hitting $39.53. The company's stock had a trading volume of 2,819,362 shares, compared to its average volume of 1,587,281. The company has a market capitalization of $4.95 billion, a PE ratio of 5.54 and a beta of 2.74. Matador Resources has a fifty-two week low of $35.19 and a fifty-two week high of $66.89. The company has a 50 day moving average price of $45.68 and a 200 day moving average price of $53.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84.

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

Matador Resources declared that its Board of Directors has authorized a stock buyback 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Friday, May 9th. Matador Resources's dividend payout ratio is currently 16.78%.

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.