Janus Henderson Group PLC Acquires 5,790 Shares of Matador Resources (NYSE:MTDR)

Janus Henderson Group PLC boosted its holdings in Matador Resources (NYSE:MTDR) by 6.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,097 shares of the energy company’s stock after acquiring an additional 5,790 shares during the period. Janus Henderson Group PLC’s holdings in Matador Resources were worth $4,749,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Denver PWM LLC bought a new stake in shares of Matador Resources during the second quarter worth approximately $27,000. True Wealth Design LLC acquired a new stake in Matador Resources during the 3rd quarter worth approximately $37,000. Quarry LP boosted its stake in Matador Resources by 47.5% in the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after purchasing an additional 251 shares during the period. Avior Wealth Management LLC grew its holdings in Matador Resources by 329.0% in the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after buying an additional 635 shares in the last quarter. Finally, Covestor Ltd increased its position in Matador Resources by 154.8% during the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock worth $52,000 after buying an additional 644 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

MTDR has been the subject of a number of recent research reports. KeyCorp reduced their target price 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. Truist Financial decreased their target price on shares of Matador Resources from $86.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Wells Fargo & Company dropped their price target on shares of Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a research report 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. Finally, Stephens lifted their price objective on Matador Resources from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.08.

Insider Activity at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average cost of $55.18 per share, for a total transaction of $110,360.00. Following the transaction, the chief executive officer now directly owns 42,251 shares in the company, valued at approximately $2,331,410.18. This represents a 4.97 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Gaines Baty purchased 500 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was acquired at an average price of $50.58 per share, with a total value of $25,290.00. Following the completion of the transaction, the director now owns 67,617 shares in the company, valued at approximately $3,420,067.86. This trade represents a 0.74 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 3,805 shares of company stock valued at $202,511 in the last 90 days. 6.10% of the stock is owned by corporate insiders.

Matador Resources Stock Performance

Matador Resources stock opened at $56.22 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71. The stock has a market cap of $7.01 billion, a PE ratio of 7.45 and a beta of 3.26. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08. The business’s 50-day moving average price is $55.26 and its two-hundred day moving average price is $56.41.

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

Matador Resources Increases Dividend

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

Matador Resources 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.