WCM Investment Management LLC Has $15.35 Million Holdings in Matador Resources (NYSE:MTDR)

WCM Investment Management LLC lessened its holdings in shares of Matador Resources (NYSE:MTDR) by 0.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 310,919 shares of the energy company’s stock after selling 227 shares during the period. WCM Investment Management LLC owned 0.25% of Matador Resources worth $15,347,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. 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 holdings in Matador Resources by 3.6% in the second quarter. Raymond James Trust N.A. now owns 5,714 shares of the energy company’s stock valued at $341,000 after buying an additional 198 shares during the period. Covestor Ltd lifted its holdings in Matador Resources by 121.4% in the first quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after buying an additional 227 shares during the period. Fifth Third Bancorp lifted its holdings in Matador Resources by 16.6% in the second quarter. Fifth Third Bancorp now owns 1,709 shares of the energy company’s stock valued at $102,000 after buying an additional 243 shares during the period. Finally, Quarry LP raised its holdings in shares of Matador Resources by 47.5% during the second 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. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MTDR. Mizuho dropped their price objective on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. KeyCorp dropped their price objective on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Benchmark reiterated a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a report on Wednesday, October 23rd. Stephens upped their price objective on shares of Matador Resources from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, BMO Capital Markets upped their price objective on shares of Matador Resources from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Matador Resources presently has a consensus rating of “Moderate Buy” and an average price target of $74.92.

Matador Resources Trading Up 1.2 %

Shares of MTDR stock opened at $57.26 on Tuesday. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88. The company has a 50-day simple moving average of $52.02 and a two-hundred day simple moving average of $57.06. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 7.58 and a beta of 3.26.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, topping 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 business had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. During the same period in the prior year, the firm posted $1.86 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. Research analysts anticipate that Matador Resources will post 7.45 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.75%. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources’s dividend payout ratio is presently 10.60%.

Insiders Place Their Bets

In related news, CAO Robert T. Macalik bought 500 shares of Matador Resources stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $50.25 per share, with a total value of $25,125.00. Following the transaction, the chief accounting officer now directly owns 29,800 shares of the company’s stock, valued at approximately $1,497,450. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Matador Resources news, EVP Glenn W. Stetson purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average cost of $51.33 per share, for a total transaction of $51,330.00. Following the purchase, the executive vice president now owns 85,935 shares of the company’s stock, valued at $4,411,043.55. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Robert T. Macalik purchased 500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $50.25 per share, for a total transaction of $25,125.00. Following the completion of the purchase, the chief accounting officer now directly owns 29,800 shares in the company, valued at $1,497,450. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 11,105 shares of company stock valued at $562,306. Corporate insiders own 6.10% of the company’s stock.

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.