Janus Henderson Group PLC Sells 4,196 Shares of Matador Resources (NYSE:MTDR)

Janus Henderson Group PLC decreased its position in Matador Resources (NYSE:MTDR) by 4.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 91,901 shares of the energy company’s stock after selling 4,196 shares during the quarter. Janus Henderson Group PLC’s holdings in Matador Resources were worth $5,170,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTDR. Altshuler Shaham Ltd purchased a new position in Matador Resources during the 4th quarter valued at about $25,000. TCTC Holdings LLC grew its position in shares of Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock worth $28,000 after buying an additional 175 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Matador Resources by 108.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock valued at $28,000 after buying an additional 256 shares during the period. MassMutual Private Wealth & Trust FSB raised 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 valued at $29,000 after acquiring an additional 207 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in Matador Resources by 359.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after acquiring an additional 453 shares during the period. 91.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on MTDR. JPMorgan Chase & Co. dropped their target price on shares of Matador Resources from $65.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Morgan Stanley lowered their price objective on shares of Matador Resources from $84.00 to $68.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Royal Bank of Canada cut their price objective on Matador Resources from $70.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Stephens decreased their target price on Matador Resources from $90.00 to $86.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Finally, Mizuho dropped their price target on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Matador Resources presently has an average rating of “Moderate Buy” and a consensus target price of $70.33.

Insider Buying and Selling

In other news, Director Paul W. Harvey bought 600 shares of the company’s stock in a transaction on Friday, February 21st. The shares were acquired at an average cost of $55.20 per share, with a total value of $33,120.00. Following the completion of the transaction, the director now owns 27,917 shares of the company’s stock, valued at approximately $1,541,018.40. This trade represents a 2.20% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joseph Wm Foran purchased 6,000 shares of Matador Resources stock in a transaction dated Friday, February 21st. The shares were acquired at an average cost of $53.94 per share, with a total value of $323,640.00. Following the transaction, the chief executive officer now directly owns 39,379 shares in the company, valued at approximately $2,124,103.26. The trade was a 17.98% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 36,200 shares of company stock valued at $1,701,872 over the last 90 days. Company insiders own 6.10% of the company’s stock.

Matador Resources Stock Performance

Shares of MTDR stock opened at $44.49 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average price of $44.24 and a 200-day moving average price of $52.37. Matador Resources has a 52 week low of $35.19 and a 52 week high of $66.89. The firm has a market capitalization of $5.57 billion, a PE ratio of 6.23 and a beta of 1.47.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.25. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $980.87 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The firm’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter last year, the company posted $1.71 earnings per share. As a group, equities research analysts expect that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 9th will be issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, May 9th. Matador Resources’s payout ratio is currently 16.78%.

Matador Resources declared that its board has authorized a stock buyback program on Wednesday, April 23rd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the energy company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

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.