Sagefield Capital LP Raises Stock Holdings in Matador Resources (NYSE:MTDR)

Sagefield Capital LP raised its holdings in Matador Resources (NYSE:MTDR - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 933,348 shares of the energy company's stock after acquiring an additional 62,222 shares during the period. Matador Resources makes up 5.8% of Sagefield Capital LP's investment portfolio, making the stock its 4th largest position. Sagefield Capital LP owned about 0.75% of Matador Resources worth $52,510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. TCTC Holdings LLC raised its stake in shares of Matador Resources by 53.8% during 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 in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock worth $29,000 after acquiring an additional 207 shares during the last quarter. Atria Investments Inc grew its position in 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 acquiring an additional 249 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in 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 acquiring an additional 256 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Matador Resources by 0.8% during the 4th 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 last quarter. Hedge funds and other institutional investors own 91.98% of the company's stock.

Matador Resources Stock Down 0.1%

Shares of NYSE MTDR traded down $0.04 during mid-day trading on Tuesday, hitting $44.25. 1,394,936 shares of the stock traded hands, compared to its average volume of 1,629,305. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. Matador Resources has a 52 week low of $35.19 and a 52 week high of $66.89. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 6.20 and a beta of 1.47. The stock has a fifty day moving average price of $44.10 and a 200-day moving average price of $52.27.

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

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 9th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Friday, May 9th. Matador Resources's payout ratio is 16.78%.

Matador Resources announced that its board has approved a stock buyback plan on Wednesday, April 23rd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the energy company to buy up to 7.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other Matador Resources news, EVP Glenn W. Stetson purchased 1,000 shares of the stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of $53.06 per share, with a total value of $53,060.00. Following the completion of the acquisition, the executive vice president now directly owns 91,680 shares in the company, valued at $4,864,540.80. This trade represents a 1.10% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joseph Wm Foran purchased 2,500 shares of the stock in a transaction dated Wednesday, May 7th. The shares were acquired at an average cost of $39.63 per share, for a total transaction of $99,075.00. Following the completion of the acquisition, the chief executive officer now owns 60,756 shares of the company's stock, valued at approximately $2,407,760.28. This represents a 4.29% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 36,200 shares of company stock worth $1,701,872 in the last quarter. Corporate insiders own 6.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MTDR shares. Raymond James reduced their price target on Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Mizuho reduced their price target on Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. UBS Group assumed coverage on Matador Resources in a research report on Tuesday, April 22nd. They set a "neutral" rating and a $47.00 price target on the stock. Wells Fargo & Company cut their price objective on Matador Resources from $86.00 to $80.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Finally, KeyCorp cut their price objective on Matador Resources from $72.00 to $60.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.44.

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.