Loomis Sayles & Co. L P Has $24.85 Million Position in Matador Resources (NYSE:MTDR)

Loomis Sayles & Co. L P cut its position in shares of Matador Resources (NYSE:MTDR) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 441,683 shares of the energy company’s stock after selling 13,979 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Matador Resources were worth $24,849,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Copeland Capital Management LLC raised its holdings in shares of Matador Resources by 145.2% in the fourth quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company’s stock valued at $72,223,000 after purchasing an additional 760,122 shares during the last quarter. Yaupon Capital Management LP increased its stake in Matador Resources by 565.4% in the 3rd quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company’s stock valued at $36,770,000 after buying an additional 632,218 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Matador Resources in the 4th quarter valued at $22,509,000. Vaughan Nelson Investment Management L.P. lifted its position in Matador Resources by 57.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 959,795 shares of the energy company’s stock worth $53,998,000 after buying an additional 349,820 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Matador Resources by 30.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,286,444 shares of the energy company’s stock worth $72,375,000 after buying an additional 302,221 shares during the last quarter. Institutional investors own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MTDR shares. Stephens upped their target price on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Morgan Stanley dropped their price objective on Matador Resources from $84.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Thursday. Mizuho decreased their target price on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Wells Fargo & Company dropped their price target on shares of Matador Resources from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Wolfe Research upgraded shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price objective on the stock in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.79.

Insider Buying and Selling at Matador Resources

In related news, CEO Joseph Wm Foran acquired 6,000 shares of the company’s stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of $53.94 per share, with a total value of $323,640.00. Following the acquisition, the chief executive officer now directly owns 39,379 shares of the company’s stock, valued at approximately $2,124,103.26. The trade was a 17.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy E. Parker bought 2,000 shares of Matador Resources stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $44.67 per share, for a total transaction of $89,340.00. Following the completion of the acquisition, the director now owns 83,790 shares in the company, valued at $3,742,899.30. This represents a 2.45 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 21,350 shares of company stock valued at $1,100,769 in the last quarter. Company insiders own 6.10% of the company’s stock.

Matador Resources Trading Down 1.4 %

Shares of MTDR stock opened at $51.53 on Friday. Matador Resources has a 12-month low of $43.89 and a 12-month high of $71.08. The firm has a 50 day moving average price of $54.54 and a two-hundred day moving average price of $54.84. 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 company has a market capitalization of $6.45 billion, a PE ratio of 7.22 and a beta of 3.17.

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

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.3125 dividend. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.25 annualized dividend and a yield of 2.43%. 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.