Matador Resources (NYSE:MTDR) Shares Purchased by Sagefield Capital LP

Sagefield Capital LP lifted its holdings in Matador Resources (NYSE:MTDR - Free Report) by 7.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 933,348 shares of the energy company's stock after purchasing an additional 62,222 shares during the quarter. Matador Resources comprises about 5.8% of Sagefield Capital LP's portfolio, making the stock its 4th biggest position. Sagefield Capital LP owned approximately 0.75% of Matador Resources worth $52,510,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LSV Asset Management raised its holdings in shares of Matador Resources by 262.0% during the fourth quarter. LSV Asset Management now owns 1,517,308 shares of the energy company's stock worth $85,364,000 after purchasing an additional 1,098,108 shares during the last quarter. Copeland Capital Management LLC grew its position in Matador Resources by 145.2% during the 4th quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company's stock worth $72,223,000 after purchasing an additional 760,122 shares during the period. Webs Creek Capital Management LP acquired a new position in shares of Matador Resources in the 4th quarter valued at about $37,894,000. Alliancebernstein L.P. boosted its stake in shares of Matador Resources by 25.9% in the fourth quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company's stock worth $151,824,000 after buying an additional 555,245 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Matador Resources during the 4th quarter worth approximately $22,509,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Matador Resources Price Performance

NYSE MTDR traded down $0.12 during trading hours on Thursday, hitting $43.43. 569,727 shares of the company's stock traded hands, compared to its average volume of 1,625,864. 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 is $44.00 and its 200-day moving average is $52.21. Matador Resources has a 52-week low of $35.19 and a 52-week high of $66.89. The company has a market capitalization of $5.44 billion, a PE ratio of 6.07 and a beta of 1.47.

Matador Resources (NYSE:MTDR - Get Free Report) last issued 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 return on equity of 18.52% and a net margin of 25.26%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $980.87 million. During the same period last year, the company earned $1.71 EPS. The company's revenue for the quarter was up 28.7% on a year-over-year basis. Equities analysts forecast that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources declared that its Board of Directors has initiated a share buyback plan on Wednesday, April 23rd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the energy company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Matador Resources Dividend Announcement

The company 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 dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Friday, May 9th. Matador Resources's dividend payout ratio (DPR) is presently 16.78%.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, CAO Robert T. Macalik purchased 1,200 shares of Matador Resources stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $47.98 per share, with a total value of $57,576.00. Following the completion of the transaction, the chief accounting officer now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul W. Harvey purchased 600 shares of the company's stock in a transaction on Friday, February 21st. The stock was acquired at an average price of $55.20 per share, with a total value of $33,120.00. Following the purchase, the director now owns 27,917 shares of the company's stock, 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. Insiders have bought 36,200 shares of company stock worth $1,701,872 in the last ninety days. 6.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on MTDR. Royal Bank of Canada cut their price target on Matador Resources from $70.00 to $62.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. KeyCorp cut their price objective on Matador Resources from $72.00 to $60.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Morgan Stanley decreased their target price on Matador Resources from $84.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. JPMorgan Chase & Co. dropped their price target on shares of Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, Stephens reduced their price objective on shares of Matador Resources from $90.00 to $86.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company 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.