1 week Ago By Defense World Staff
Prudential Financial Inc. cut its holdings in Matador Resources (NYSE:MTDR – Free Report) by 93.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 7,925 shares of the energy company’s stock after selling 114,155 shares during the period. Prudential Financial Inc.’s holdings in Matador Resources were worth $456,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Matador Resources by 1.
5% in the fourth quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company’s stock worth $706,375,000 after buying an additional 187,633 shares in the last quarter.
Geode Capital Management LLC boosted its holdings in shares of Matador Resources by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock valued at $99,297,000 after purchasing an additional 36,921 shares during the last quarter.
Charles Schwab Investment Management Inc. grew 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 purchasing an additional 56,644 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Matador Resources by 30.
7% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,286,444 shares of the energy company’s stock worth $72,375,000 after purchasing an additional 302,221 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its position 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 worth $72,223,000 after buying an additional 760,122 shares in the last quarter. 91.
98% of the stock is currently owned by institutional investors. Insider Buying and SellingIn related news, CEO Joseph Wm Foran purchased 6,000 shares of Matador Resources stock in a transaction dated 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 transaction, the chief executive officer now owns 39,379 shares in the company, valued at approximately $2,124,103.
26. The trade was a 17.98 % increase in their position.
The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Van H. Singleton II acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st.
The shares were bought at an average cost of $53.21 per share, for a total transaction of $106,420.00.
Following the transaction, the insider now owns 289,135 shares of the company’s stock, valued at $15,384,873.35. This represents a 0.
70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 21,350 shares of company stock valued at $1,100,769 over the last three months.
6.10% of the stock is owned by company insiders. Matador Resources Trading Up 16.
1 %MTDR stock opened at $42.58 on Thursday. Matador Resources has a 12 month low of $35.
19 and a 12 month high of $71.08. The firm’s 50-day moving average is $50.
75 and its 200 day moving average is $54.32. The company has a market capitalization of $5.
33 billion, a PE ratio of 5.96 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. Matador Resources (NYSE:MTDR – Get Free Report) last announced its quarterly earnings results 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).
The firm had revenue of $970.37 million during the quarter, compared to analysts’ expectations of $967.10 million.
Matador Resources had a net margin of 25.26% and a return on equity of 18.52%.
On average, research analysts anticipate that Matador Resources will post 8.53 EPS for the current year. Matador Resources Increases DividendThe company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th.
Investors of record on Friday, February 28th were issued a $0.3125 dividend. This is an increase from Matador Resources’s previous quarterly dividend of $0.
25. This represents a $1.25 annualized dividend and a dividend yield of 2.
94%. The ex-dividend date was Friday, February 28th. Matador Resources’s payout ratio is presently 17.
51%. Wall Street Analysts Forecast GrowthSeveral equities analysts have weighed in on the company. Wells Fargo & Company cut their price target on Matador Resources from $90.
00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, March 25th. TD Cowen boosted their price target on shares of Matador Resources from $74.
00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Royal Bank of Canada reiterated an “outperform” rating and set a $70.
00 price objective on shares of Matador Resources in a research report on Wednesday, January 15th. Morgan Stanley reduced 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 report on Thursday, March 27th. Finally, Truist Financial boosted 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. One equities research 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 currently has an average rating of “Moderate Buy” and an average price target of $73.
79.Get Our Latest Stock Report on Matador ResourcesMatador Resources Profile (Free Report)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.See AlsoFive stocks we like better than Matador ResourcesA Deeper Look at Bid-Ask SpreadsQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreTSX Venture Exchange (Formerly Canadian Venture Exchange)Are Tariffs Threatening Disney’s Comeback Story?Should You Add These Warren Buffett Stocks to Your Portfolio?Is Alphabet a Generational Buying Opportunity at These Levels?.
