Matador Resources (NYSE:MTDR) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC increased its position in Matador Resources (NYSE:MTDR - Free Report) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 249,954 shares of the energy company's stock after purchasing an additional 12,450 shares during the quarter. Pathstone Holdings LLC owned 0.20% of Matador Resources worth $14,062,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Nomura Holdings Inc. purchased a new stake in Matador Resources during the 4th quarter worth approximately $866,000. Merewether Investment Management LP acquired a new stake in shares of Matador Resources during the fourth quarter worth approximately $15,701,000. Jacobs Levy Equity Management Inc. increased its stake in shares of Matador Resources by 114.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 24,412 shares of the energy company's stock worth $1,373,000 after buying an additional 13,040 shares during the last quarter. GeoSphere Capital Management LLC acquired a new stake in Matador Resources in the fourth quarter valued at $2,138,000. Finally, Crestline Management LP raised its holdings in Matador Resources by 477.6% in the fourth quarter. Crestline Management LP now owns 26,529 shares of the energy company's stock valued at $1,493,000 after acquiring an additional 21,936 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Matador Resources Stock Performance

MTDR stock traded down $0.10 during mid-day trading on Friday, reaching $44.49. The company had a trading volume of 1,064,448 shares, compared to its average volume of 1,629,643. Matador Resources has a one year low of $35.19 and a one year high of $66.89. The stock has a market capitalization of $5.57 billion, a P/E ratio of 6.23 and a beta of 1.47. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The stock's 50-day simple moving average is $44.24 and its two-hundred day simple moving average is $52.37.

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

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.3125 per share. The ex-dividend date is Friday, May 9th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.81%. Matador Resources's dividend payout ratio (DPR) is presently 16.78%.

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

Analyst Ratings Changes

MTDR has been the subject of several research analyst reports. Wells Fargo & Company dropped their target price 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. Mizuho lowered their price objective on Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a report on Tuesday. KeyCorp reduced their target price on Matador Resources from $72.00 to $60.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. decreased their target price on Matador Resources from $65.00 to $61.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Benchmark reiterated a "buy" rating and issued a $62.00 price target on shares of Matador Resources in a report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.33.

Insider Transactions at Matador Resources

In related news, COO Christopher P. Calvert purchased 1,300 shares of the company's stock in a transaction on Friday, February 21st. The shares were bought at an average cost of $55.17 per share, for a total transaction of $71,721.00. Following the transaction, the chief operating officer now owns 34,000 shares of the company's stock, valued at $1,875,780. This represents a 3.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Robert T. Macalik purchased 1,200 shares of Matador Resources stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $47.98 per share, with a total value of $57,576.00. Following the completion of the purchase, the chief accounting officer now owns 31,000 shares in the company, valued at approximately $1,487,380. This trade represents a 4.03% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 36,200 shares of company stock worth $1,701,872. Company insiders own 6.10% of the company's stock.

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.