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

Loomis Sayles & Co. L P trimmed its stake in shares of Matador Resources (NYSE:MTDR) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 owned 0.35% of Matador Resources worth $24,849,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. 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 valued at $54,122,000 after buying an additional 107,827 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Matador Resources by 81.2% in the 3rd quarter. Stifel Financial Corp now owns 30,304 shares of the energy company’s stock valued at $1,498,000 after purchasing an additional 13,583 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Matador Resources by 16.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company’s stock valued at $8,088,000 after purchasing an additional 20,172 shares in the last quarter. HITE Hedge Asset Management LLC bought a new stake in shares of Matador Resources in the 3rd quarter worth about $10,526,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Matador Resources by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,434,926 shares of the energy company’s stock worth $70,914,000 after purchasing an additional 57,254 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Price Performance

MTDR opened at $51.53 on Friday. The company has a fifty day moving average price of $54.54 and a two-hundred day moving average price of $54.84. The firm has a market capitalization of $6.45 billion, a PE ratio of 7.22 and a beta of 3.17. Matador Resources has a 52 week low of $43.89 and a 52 week high of $71.08. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 EPS 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 company had revenue of $970.37 million for the quarter, compared to analyst estimates of $967.10 million. As a group, analysts anticipate that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.3125 per share. This is a positive change 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 dividend payout ratio (DPR) is presently 17.51%.

Insider Activity at Matador Resources

In other Matador Resources news, CAO Robert T. Macalik bought 1,200 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $47.98 per share, with a total value of $57,576.00. Following the completion of the purchase, the chief accounting officer now owns 31,000 shares in the company, valued at approximately $1,487,380. The trade was a 4.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Timothy E. Parker purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $44.67 per share, for a total transaction of $89,340.00. Following the transaction, the director now owns 83,790 shares of the company’s stock, valued at $3,742,899.30. This trade represents a 2.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 21,350 shares of company stock worth $1,100,769. 6.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Mizuho decreased their price objective on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company decreased their price target on Matador Resources from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday. Stephens lifted their price objective on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Morgan Stanley decreased their target price on Matador Resources from $84.00 to $68.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Truist Financial lifted their price target on Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 13th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.79.

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.