Schroder Investment Management Group Cuts Position in Matador Resources (NYSE:MTDR)

Schroder Investment Management Group decreased its holdings in shares of Matador Resources (NYSE:MTDR) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 271,683 shares of the energy company’s stock after selling 9,042 shares during the period. Schroder Investment Management Group owned 0.22% of Matador Resources worth $15,043,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Franklin Resources Inc. boosted its stake in Matador Resources by 12.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company’s stock worth $54,122,000 after purchasing an additional 107,827 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Matador Resources by 81.2% in the third quarter. Stifel Financial Corp now owns 30,304 shares of the energy company’s stock worth $1,498,000 after buying an additional 13,583 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Matador Resources by 16.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company’s stock valued at $8,088,000 after buying an additional 20,172 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Matador Resources by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,491,570 shares of the energy company’s stock valued at $83,916,000 after acquiring an additional 56,644 shares in the last quarter. Finally, Shaker Investments LLC OH purchased a new position in Matador Resources in the 4th quarter worth approximately $546,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MTDR shares. TD Cowen lifted their target price on Matador Resources from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price objective on shares of Matador Resources in a report on Wednesday, January 15th. 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. Benchmark reiterated a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Matador Resources from $76.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.79.

Insider Activity

In other Matador Resources news, CEO Joseph Wm Foran purchased 6,000 shares of the company’s stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of $53.94 per share, for a total transaction of $323,640.00. Following the purchase, the chief executive officer now directly owns 39,379 shares of the company’s stock, valued at $2,124,103.26. This trade represents a 17.98 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul W. Harvey acquired 600 shares of Matador Resources stock in a transaction dated Friday, February 21st. The shares were bought at an average price of $55.20 per share, for a total transaction of $33,120.00. Following the transaction, the director now owns 27,917 shares of the company’s stock, valued at approximately $1,541,018.40. The trade was a 2.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 21,350 shares of company stock worth $1,100,769 in the last three months. Company insiders own 6.10% of the company’s stock.

Matador Resources Stock Performance

NYSE:MTDR opened at $44.57 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The stock has a 50-day simple moving average of $53.22 and a two-hundred day simple moving average of $54.85. The firm has a market capitalization of $5.58 billion, a PE ratio of 6.24 and a beta of 3.17. Matador Resources has a 52-week low of $43.89 and a 52-week high of $71.08.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The company had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Analysts forecast that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.3125 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.80%. Matador Resources’s dividend payout ratio is 17.51%.

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.