Barclays PLC Increases Its Stake in Matador Resources
Barclays PLC, the financial services company based in London, has recently expanded its investment portfolio by purchasing an additional 25,226 shares of Matador Resources (NYSE: MTDR). This increase represented a 22.6% growth in the fourth quarter of 2022 as recorded by the Securities and Exchange Commission (SEC). As a result, Barclays now owns 136,877 shares of MTDR’s stock which is worth $7,835,000 at the end of the most recent reporting period.
Investors who were on record on Thursday, May 11th have also received their dividends from Matador Resources after it was disclosed that they will receive a $0.15 dividend per share. This quarterly dividend payout represents an annualized yield of approximately 1.21%, with a payout ratio that currently stands at around 6.15%.
Despite the good news coming from this energy company, some equity analysts have issued updated reports on MTDR’s performance in the first quarter of this year. KeyCorp reduced its price objective to $67 from $73 while Roth Capital maintained its buy rating for shares of Matador Resources on February and April reports respectively. However, Benchmark had dropped their price objective on MTDR from $75 to $71 in April and later in May, Mizuho lowered their target price per share from $72 to $66.
Recently as well, StockNews.com downgraded Matador Resources’ shares from hold to sell which caused market concerns amongst investors and analysts alike. Despite this sudden downgrade and previous conflicting ratings; one research analyst reiterated his buy rating for Matador’s shares while another rated them as Moderate Buy indicating moderate returns are predicted for these stocks.
In summary, Barclays’ recent purchasing activity in adding more Matador Resources’ stocks to its investments demonstrates their confidence in the company’s future growth potential and positive reports within months past. Nevertheless, industry watchers advise investors to keep an eye on future reports as these stocks and others in the energy sector held their breath for shifts in global policies amidst fluctuating oil prices.
[bs_slider_forecast ticker=”MTDR”]
Matador Resources: Hedge Funds Increase Holdings Despite Market Volatility
Matador Resources Sees Increase in Hedge Fund Holdings
Institutional investors and hedge funds continue to show strong interest in Matador Resources, with many modifying their holdings of the energy company over recent months. Vanguard Group Inc. has boosted its stake in Matador by 4.8%, with State Street Corp following closely behind, increasing its stake by 7%. Invesco Ltd. saw a massive boost to its position, increasing it by 82.9% during the first quarter alone.
These developments have coincided with CEO Joseph Wm Foran purchasing an additional 2,000 shares of Matador stock for $44.75 each in March this year. Following this acquisition, Foran now directly owns 173,468 shares in the company, valued at $7,762,693.
In terms of dividend payments, Matador announced that investors of record on May 11th were paid a $0.15 dividend per share on June 1st–representing a yield of 1.21%.
Despite these recent successes and positive announcements from the energy company, however, shares of NYSE:MTDR traded down by $1.10 last Monday to reach $49.70–in contrast with its current market cap of $5.92 billion and P/E ratio of 5.09.
Nevertheless, those who remain optimistic about Matador’s future should note that last quarter saw the energy giant report higher-than-expected earnings per share; while some analysts had predicted just $1.24 earnings per share for Q1 FY23 ending April 25th this year, Matador actually reported EPS of $1.50.
Investors can thus look forward to seeing whether these trends continue as we near the end of Q2 and beyond–including what other insider secrets might be revealed on the SEC website someday soon!