Russell Investments Group Ltd. Boosts Stake in Matador Resources (NYSE:MTDR)

Russell Investments Group Ltd. increased its holdings in shares of Matador Resources (NYSE:MTDR - Free Report) by 17.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,039 shares of the energy company's stock after purchasing an additional 12,282 shares during the quarter. Russell Investments Group Ltd. owned 0.06% of Matador Resources worth $4,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. TCTC Holdings LLC grew its stake 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 valued at $28,000 after purchasing an additional 175 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock valued at $29,000 after buying an additional 207 shares during the period. Atria Investments Inc increased its holdings in Matador Resources by 3.1% during the fourth quarter. Atria Investments Inc now owns 8,188 shares of the energy company's stock valued at $461,000 after buying an additional 249 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock worth $28,000 after acquiring an additional 256 shares during the period. Finally, Arizona State Retirement System raised its position in Matador Resources by 0.8% in the fourth quarter. Arizona State Retirement System now owns 34,413 shares of the energy company's stock worth $1,936,000 after acquiring an additional 280 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Matador Resources

In related news, CAO Robert T. Macalik acquired 1,200 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was bought 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 directly owns 31,000 shares of the company's stock, valued at $1,487,380. This represents a 4.03 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul W. Harvey bought 600 shares of the company's stock in a transaction on Friday, February 21st. The stock was bought at an average price of $55.20 per share, for a total transaction of $33,120.00. Following the completion of the purchase, the director now directly owns 27,917 shares in the company, valued at approximately $1,541,018.40. This represents a 2.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 21,350 shares of company stock worth $1,100,769. 6.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MTDR. Truist Financial upped their price objective on Matador Resources from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Royal Bank of Canada reduced their price target on Matador Resources from $70.00 to $62.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Stephens lowered their price objective on Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their target price on shares of Matador Resources from $65.00 to $61.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, Raymond James lowered their price target on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.29.

Matador Resources Trading Up 3.3 %

Shares of Matador Resources stock traded up $1.31 on Friday, reaching $41.44. The company had a trading volume of 2,576,932 shares, compared to its average volume of 1,555,388. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 5.80 and a beta of 2.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The firm's 50-day moving average price is $48.21 and its two-hundred day moving average price is $53.82. Matador Resources has a 1 year low of $35.19 and a 1 year high of $67.51.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The firm had revenue of $970.37 million during the quarter, compared to analysts' expectations of $967.10 million. As a group, research analysts predict that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

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 $0.3125 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.25 dividend on an annualized basis and a yield of 3.02%. Matador Resources's payout ratio is 17.51%.

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.