Axiom Investors LLC DE Purchases 50,109 Shares of Matador Resources (NYSE:MTDR)

Axiom Investors LLC DE raised its holdings in shares of Matador Resources (NYSE:MTDR) by 30.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 214,164 shares of the energy company’s stock after acquiring an additional 50,109 shares during the period. Axiom Investors LLC DE owned about 0.17% of Matador Resources worth $12,049,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Copeland Capital Management LLC raised its position in Matador Resources by 145.2% in 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. Yaupon Capital Management LP increased its holdings in shares of Matador Resources by 565.4% in the third quarter. Yaupon Capital Management LP now owns 744,037 shares of the energy company’s stock worth $36,770,000 after buying an additional 632,218 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Matador Resources in the 4th quarter valued at about $22,509,000. Vaughan Nelson Investment Management L.P. boosted its holdings 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 valued at $53,998,000 after acquiring an additional 349,820 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in 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 acquiring an additional 302,221 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Stock Down 2.0 %

NYSE:MTDR opened at $50.46 on Monday. 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 price is $54.28 and its 200-day moving average price is $54.92. The company has a market capitalization of $6.32 billion, a PE ratio of 7.07 and a beta of 3.17. Matador Resources has a 1-year low of $43.89 and a 1-year 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 for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The business had revenue of $970.37 million during the quarter, compared to analysts’ expectations of $967.10 million. On average, equities analysts predict that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Friday, February 28th. Matador Resources’s dividend payout ratio is currently 17.51%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Benchmark reissued a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a research note on Friday, January 17th. Wells Fargo & Company cut their price target on shares of Matador Resources from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, March 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research note on Wednesday, January 15th. Morgan Stanley dropped their target price on shares of Matador Resources from $84.00 to $68.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. lowered their price target on Matador Resources from $76.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Matador Resources currently has an average rating of “Moderate Buy” and a consensus target price of $73.79.

Insider Transactions at Matador Resources

In other news, CAO Robert T. Macalik purchased 1,200 shares of Matador Resources stock in a transaction that occurred on Wednesday, March 5th. The stock was bought 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 directly owns 31,000 shares of the company’s stock, valued at approximately $1,487,380. The trade was a 4.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy E. Parker acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $44.67 per share, for a total transaction of $89,340.00. Following the completion of the transaction, the director now directly 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. Over the last three months, insiders have purchased 21,350 shares of company stock valued at $1,100,769. Insiders own 6.10% of the company’s stock.

Matador Resources 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.