Allspring Global Investments Holdings LLC Decreases Stock Position in Matador Resources Company $MTDR

Allspring Global Investments Holdings LLC decreased its stake in shares of Matador Resources Company (NYSE:MTDR) by 33.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,770 shares of the energy company’s stock after selling 62,483 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Matador Resources were worth $5,635,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. LSV Asset Management boosted its stake in shares of Matador Resources by 45.7% in the 2nd quarter. LSV Asset Management now owns 3,334,775 shares of the energy company’s stock valued at $159,135,000 after buying an additional 1,045,396 shares during the period. Adage Capital Partners GP L.L.C. raised its holdings in Matador Resources by 143.1% in the second quarter. Adage Capital Partners GP L.L.C. now owns 2,556,472 shares of the energy company’s stock valued at $121,995,000 after acquiring an additional 1,505,000 shares in the last quarter. AQR Capital Management LLC lifted its stake in Matador Resources by 30.6% in the second quarter. AQR Capital Management LLC now owns 1,302,587 shares of the energy company’s stock worth $62,159,000 after acquiring an additional 305,352 shares during the last quarter. Copeland Capital Management LLC grew its holdings in Matador Resources by 1.6% during the 2nd quarter. Copeland Capital Management LLC now owns 1,274,492 shares of the energy company’s stock worth $60,819,000 after acquiring an additional 20,504 shares in the last quarter. Finally, Boston Trust Walden Corp grew its holdings in Matador Resources by 6.1% during the 2nd quarter. Boston Trust Walden Corp now owns 1,140,901 shares of the energy company’s stock worth $54,444,000 after acquiring an additional 65,290 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Trading Down 0.5%

Shares of Matador Resources stock opened at $41.19 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.69 and a current ratio of 0.73. The company has a market capitalization of $5.12 billion, a P/E ratio of 6.58 and a beta of 1.09. Matador Resources Company has a 1 year low of $35.19 and a 1 year high of $64.04. The company’s fifty day moving average is $41.67 and its two-hundred day moving average is $45.45.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, October 21st. The energy company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.14. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. The company had revenue of $939.02 million for the quarter, compared to analysts’ expectations of $893.22 million. During the same period in the previous year, the company posted $1.89 EPS. Matador Resources’s revenue was up 4.4% compared to the same quarter last year. Analysts forecast that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 10th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.50 annualized dividend and a dividend yield of 3.6%. This is an increase from Matador Resources’s previous quarterly dividend of $0.31. Matador Resources’s payout ratio is 23.96%.

Insider Transactions at Matador Resources

In other Matador Resources news, EVP Robert T. Macalik purchased 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average cost of $38.25 per share, for a total transaction of $57,375.00. Following the completion of the purchase, the executive vice president directly owned 35,039 shares in the company, valued at $1,340,241.75. This represents a 4.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan M. Ward acquired 5,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $39.04 per share, with a total value of $195,200.00. Following the transaction, the director directly owned 14,923 shares of the company’s stock, valued at $582,593.92. This represents a 50.39% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 37,346 shares of company stock valued at $1,463,396. 5.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MTDR shares. Morgan Stanley lowered their price objective on Matador Resources from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 14th. Raymond James Financial restated an “outperform” rating and set a $55.00 target price (down previously from $63.00) on shares of Matador Resources in a research note on Monday, October 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Matador Resources in a research note on Tuesday, October 14th. Wells Fargo & Company cut their price objective on shares of Matador Resources from $71.00 to $61.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Finally, Citigroup began coverage on shares of Matador Resources in a report on Monday, December 8th. They issued a “buy” rating and a $53.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Matador Resources presently has an average rating of “Moderate Buy” and an average target price of $61.77.

Matador Resources Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.