Alliancebernstein L.P. Has $151.82 Million Stake in Matador Resources (NYSE:MTDR)

Alliancebernstein L.P. increased its stake in shares of Matador Resources (NYSE:MTDR) by 25.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,698,606 shares of the energy company’s stock after purchasing an additional 555,245 shares during the quarter. Alliancebernstein L.P. owned approximately 2.16% of Matador Resources worth $151,824,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Matador Resources by 1.5% in the 4th 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 raised its holdings in shares of Matador Resources by 1.9% during the third quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock worth $99,297,000 after acquiring an additional 36,921 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 during the last quarter. Thrivent Financial for Lutherans grew its stake in 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 valued at $72,375,000 after purchasing an additional 302,221 shares in the last quarter. Finally, Copeland Capital Management LLC increased 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 last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Stock Up 0.0 %

Shares of MTDR stock opened at $51.10 on Wednesday. Matador Resources has a 12 month low of $43.89 and a 12 month high of $71.08. 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 firm has a market cap of $6.40 billion, a PE ratio of 7.16 and a beta of 3.17. The stock has a 50 day moving average of $53.79 and a 200-day moving average of $54.94.

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

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.3125 per share. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 dividend on an annualized basis and a yield of 2.45%. Matador Resources’s dividend payout ratio (DPR) is 17.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Mizuho reduced their price target on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research report on Wednesday, January 15th. Benchmark restated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a report on Friday, January 17th. Wells Fargo & Company decreased their price objective on shares of Matador Resources from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, March 25th. Finally, Raymond James cut their target price on Matador Resources from $77.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $73.79.

Insider Activity at Matador Resources

In other Matador Resources news, EVP Glenn W. Stetson purchased 1,000 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were purchased at an average price of $53.06 per share, for a total transaction of $53,060.00. Following the completion of the purchase, the executive vice president now directly owns 91,680 shares of the company’s stock, valued at approximately $4,864,540.80. This represents a 1.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Christopher P. Calvert acquired 1,300 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was acquired at an average price of $55.17 per share, with a total value of $71,721.00. Following the purchase, the chief operating officer now owns 34,000 shares in the company, valued at approximately $1,875,780. This represents a 3.98 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 21,350 shares of company stock worth $1,100,769 over the last three months. Company insiders own 6.10% of the company’s stock.

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.