Janus Henderson Group PLC Has $4.75 Million Stock Holdings in Matador Resources (NYSE:MTDR)

Janus Henderson Group PLC raised its position in Matador Resources (NYSE:MTDR) by 6.4% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 96,097 shares of the energy company’s stock after buying an additional 5,790 shares during the period. Janus Henderson Group PLC owned about 0.08% of Matador Resources worth $4,749,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in MTDR. Securian Asset Management Inc. lifted its holdings in Matador Resources by 1.9% in the second quarter. Securian Asset Management Inc. now owns 9,255 shares of the energy company’s stock valued at $552,000 after buying an additional 170 shares during the period. Raymond James Trust N.A. lifted its stake in shares of Matador Resources by 3.6% in the 2nd quarter. Raymond James Trust N.A. now owns 5,714 shares of the energy company’s stock valued at $341,000 after purchasing an additional 198 shares during the period. ClearAlpha Technologies LP boosted its position in shares of Matador Resources by 4.3% in the 3rd quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company’s stock worth $259,000 after purchasing an additional 218 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Matador Resources by 16.6% during the second quarter. Fifth Third Bancorp now owns 1,709 shares of the energy company’s stock worth $102,000 after purchasing an additional 243 shares during the period. Finally, Quarry LP lifted its stake in Matador Resources by 47.5% in the second quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after buying an additional 251 shares during the period. 91.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Matador Resources

In related news, EVP Glenn W. Stetson acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was bought at an average price of $51.33 per share, with a total value of $51,330.00. Following the acquisition, the executive vice president now owns 85,935 shares in the company, valued at $4,411,043.55. This represents a 1.18 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph Wm Foran bought 2,000 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were purchased at an average price of $55.18 per share, for a total transaction of $110,360.00. Following the completion of the acquisition, the chief executive officer now owns 42,251 shares of the company’s stock, valued at $2,331,410.18. The trade was a 4.97 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 3,805 shares of company stock worth $202,511 in the last three months. Insiders own 6.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MTDR. Stephens upped their price target on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Wells Fargo & Company lowered their target price on shares of Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Royal Bank of Canada reissued an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research report on Friday, December 6th. KeyCorp lowered their price objective on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Finally, Benchmark reiterated a “buy” rating and set a $62.00 target price on shares of Matador Resources in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Matador Resources has an average rating of “Moderate Buy” and a consensus target price of $75.08.

Matador Resources Stock Down 0.3 %

Shares of Matador Resources stock opened at $56.22 on Wednesday. The firm has a market cap of $7.01 billion, a PE ratio of 7.45 and a beta of 3.26. The business’s 50 day simple moving average is $55.26 and its 200 day simple moving average is $56.41. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The company had revenue of $770.20 million for the quarter, compared to the consensus estimate of $836.69 million. During the same period last year, the company earned $1.86 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. On average, analysts predict that Matador Resources will post 7.5 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.78%. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, November 15th. Matador Resources’s dividend payout ratio is currently 13.25%.

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.