Ensign Peak Advisors Inc Has $5.64 Million Stock Holdings in Matador Resources (NYSE:MTDR)

Ensign Peak Advisors Inc decreased its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 33.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 100,285 shares of the energy company's stock after selling 49,593 shares during the quarter. Ensign Peak Advisors Inc owned 0.08% of Matador Resources worth $5,642,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MTDR. Barclays PLC increased its holdings in shares of Matador Resources by 16.1% during the 3rd quarter. Barclays PLC now owns 190,035 shares of the energy company's stock worth $9,391,000 after purchasing an additional 26,289 shares during the period. Park Avenue Securities LLC increased its stake in Matador Resources by 35.1% in the fourth quarter. Park Avenue Securities LLC now owns 8,118 shares of the energy company's stock valued at $457,000 after acquiring an additional 2,108 shares during the period. Merit Financial Group LLC bought a new stake in Matador Resources in the fourth quarter valued at about $251,000. Spring Capital Management LLC increased its stake in Matador Resources by 89.5% in the fourth quarter. Spring Capital Management LLC now owns 50,827 shares of the energy company's stock valued at $2,860,000 after acquiring an additional 24,000 shares during the period. Finally, Value Holdings Management CO. LLC increased its stake in Matador Resources by 2.1% in the fourth quarter. Value Holdings Management CO. LLC now owns 684,008 shares of the energy company's stock valued at $38,483,000 after acquiring an additional 14,000 shares during the period. Institutional investors own 91.98% of the company's stock.

Matador Resources Price Performance

Shares of MTDR stock traded down $0.10 during trading hours on Friday, reaching $44.49. 1,064,448 shares of the company were exchanged, compared to its average volume of 1,627,182. Matador Resources has a fifty-two week low of $35.19 and a fifty-two week high of $66.89. The stock's fifty day moving average is $44.24 and its two-hundred day moving average is $52.37. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 6.23 and a beta of 1.47. 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 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. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $980.87 million. During the same period in the prior year, the business earned $1.71 earnings per share. Matador Resources's quarterly revenue was up 28.7% on a year-over-year basis. Sell-side analysts forecast that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 9th will be issued a $0.3125 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.25 annualized dividend and a yield of 2.81%. Matador Resources's dividend payout ratio is currently 16.78%.

Matador Resources announced that its board has authorized a stock buyback program on Wednesday, April 23rd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the energy company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

MTDR has been the topic of a number of analyst reports. UBS Group initiated coverage on shares of Matador Resources in a research note on Tuesday, April 22nd. They issued a "neutral" rating and a $47.00 target price on the stock. Raymond James lowered their target price on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Morgan Stanley lowered their target price on shares of Matador Resources from $84.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Mizuho lowered 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 note on Tuesday. Finally, Stephens lowered their target price on shares of Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Matador Resources currently has an average rating of "Moderate Buy" and a consensus price target of $70.33.

Insider Activity at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran acquired 6,000 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of $53.94 per share, for a total transaction of $323,640.00. Following the completion of the acquisition, the chief executive officer now directly owns 39,379 shares of the company's stock, valued at approximately $2,124,103.26. This represents a 17.98% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Robert T. Macalik acquired 1,200 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $47.98 per share, for a total transaction of $57,576.00. Following the completion of the acquisition, the chief accounting officer now directly owns 31,000 shares of the company's stock, valued at $1,487,380. This trade represents a 4.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 36,200 shares of company stock worth $1,701,872 over the last ninety days. Company insiders own 6.10% of the company's stock.

Matador Resources 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.