TimesSquare Capital Management LLC Has $26.57 Million Stock Holdings in Matador Resources (NYSE:MTDR)

TimesSquare Capital Management LLC decreased its holdings in shares of Matador Resources (NYSE:MTDR) by 17.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 472,235 shares of the energy company’s stock after selling 102,941 shares during the period. TimesSquare Capital Management LLC’s holdings in Matador Resources were worth $26,568,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in Matador Resources by 2.7% during the third quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company’s stock worth $136,009,000 after buying an additional 72,077 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Matador Resources by 1.9% in the third quarter. Geode Capital Management LLC now owns 2,008,730 shares of the energy company’s stock valued at $99,297,000 after purchasing an additional 36,921 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Matador Resources by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,926 shares of the energy company’s stock valued at $70,914,000 after purchasing an additional 57,254 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of Matador Resources by 4.3% in the third quarter. Wasatch Advisors LP now owns 1,287,587 shares of the energy company’s stock valued at $63,633,000 after purchasing an additional 52,498 shares during the last quarter. Finally, Copeland Capital Management LLC raised its holdings in shares of Matador Resources by 145.2% in the fourth quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company’s stock valued at $72,223,000 after purchasing an additional 760,122 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Price Performance

Shares of NYSE:MTDR opened at $56.60 on Thursday. 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 firm has a market capitalization of $7.06 billion, a PE ratio of 7.50 and a beta of 3.22. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08. The company has a 50-day moving average price of $58.25 and a two-hundred day moving average price of $55.78.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). The business had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. Equities analysts forecast that Matador Resources will post 7.39 EPS for the current year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Matador Resources’s previous quarterly dividend of $0.25. Matador Resources’s dividend payout ratio (DPR) is currently 13.25%.

Insider Activity at Matador Resources

In other Matador Resources news, EVP William Thomas Elsener purchased 800 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was purchased at an average price of $56.60 per share, for a total transaction of $45,280.00. Following the transaction, the executive vice president now owns 102,964 shares in the company, valued at $5,827,762.40. The trade was a 0.78 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Joseph Wm Foran acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was bought at an average price of $55.18 per share, for a total transaction of $110,360.00. Following the completion of the transaction, 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. Over the last 90 days, insiders bought 2,980 shares of company stock valued at $165,988. Corporate insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

MTDR has been the subject of several analyst reports. Morgan Stanley initiated coverage on shares of Matador Resources in a report on Friday, January 10th. They issued an “equal weight” rating and a $78.00 target price for the company. Benchmark reiterated a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a report on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a report on Wednesday, January 15th. TD Cowen increased their target price on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.14.

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.