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

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. TCTC Holdings LLC lifted its holdings in Matador Resources by 53.8% during the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after purchasing an additional 175 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Matador Resources by 68.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock worth $29,000 after buying an additional 207 shares in the last quarter. ClearAlpha Technologies LP increased its holdings in shares of Matador Resources by 4.3% during the third quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company’s stock worth $259,000 after buying an additional 218 shares in the last quarter. Atria Investments Inc raised its stake in shares of Matador Resources by 3.1% in the fourth quarter. Atria Investments Inc now owns 8,188 shares of the energy company’s stock valued at $461,000 after acquiring an additional 249 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Matador Resources by 108.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after acquiring an additional 256 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MTDR shares. Wolfe Research raised Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. cut their price target on Matador Resources from $76.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research report on Wednesday, January 15th. TD Cowen raised their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Mizuho reduced their target price on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.79.

Insider Buying and Selling

In other Matador Resources news, CAO Robert T. Macalik purchased 1,200 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were 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 in the company, valued at $1,487,380. This trade represents a 4.03 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Van H. Singleton II acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average price of $53.21 per share, with a total value of $106,420.00. Following the completion of the transaction, the insider now directly owns 289,135 shares in the company, valued at $15,384,873.35. This trade represents a 0.70 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 21,350 shares of company stock valued at $1,100,769 in the last 90 days. 6.10% of the stock is owned by insiders.

Matador Resources Price Performance

MTDR opened at $51.10 on Wednesday. The company has a fifty day moving average price of $53.79 and a two-hundred day moving average price of $54.94. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The firm has a market capitalization of $6.40 billion, a PE ratio of 7.16 and a beta of 3.17. Matador Resources has a 52 week low of $43.89 and a 52 week high of $71.08.

Matador Resources (NYSE:MTDR) last released 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 net margin of 25.26% and a return on equity of 18.52%. The company had revenue of $970.37 million during the quarter, compared to the consensus estimate 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 declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.45%. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 28th. Matador Resources’s dividend payout ratio (DPR) is currently 17.51%.

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.