Matador Resources (NYSE:MTDR) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in Matador Resources (NYSE:MTDR) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,434,926 shares of the energy company’s stock after purchasing an additional 57,254 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.15% of Matador Resources worth $70,914,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Denver PWM LLC purchased a new position in shares of Matador Resources during the second quarter worth approximately $27,000. Avior Wealth Management LLC grew its position in Matador Resources by 329.0% during the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock worth $41,000 after purchasing an additional 635 shares during the last quarter. Quarry LP grew its position in Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock worth $46,000 after purchasing an additional 251 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Matador Resources by 191.8% in the first quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock valued at $47,000 after purchasing an additional 466 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Matador Resources by 154.8% during the third 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. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Trading Up 1.2 %

Shares of MTDR stock opened at $59.56 on Friday. Matador Resources has a fifty-two week low of $47.15 and a fifty-two week high of $71.08. 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 business has a fifty day simple moving average of $53.95 and a 200-day simple moving average of $56.70. The stock has a market cap of $7.43 billion, a P/E ratio of 7.89 and a beta of 3.26.

Matador Resources (NYSE:MTDR) last announced its earnings results 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. The company had revenue of $770.20 million during the quarter, compared to analysts’ expectations of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.86 earnings per share. On average, analysts forecast that Matador Resources will post 7.5 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, November 15th. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s dividend payout ratio is 13.25%.

Insiders Place Their Bets

In other news, CAO Robert T. Macalik bought 500 shares of the stock in a transaction on 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 purchase, the chief accounting officer now owns 29,800 shares of the company’s stock, valued at approximately $1,497,450. The trade was a 1.71 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, EVP Glenn W. Stetson purchased 1,000 shares of Matador Resources stock in a transaction on Wednesday, October 30th. The shares were acquired 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 in the company, valued at approximately $4,411,043.55. This trade represents a 1.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 11,105 shares of company stock valued at $562,306. Corporate insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on MTDR shares. KeyCorp reduced their price objective on Matador Resources from $76.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and set a $62.00 price target on shares of Matador Resources in a report on Wednesday, October 23rd. 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 research note on Monday, September 16th. Royal Bank of Canada restated an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research report on Thursday, October 24th. Finally, Truist Financial lowered their target price on shares of Matador Resources from $86.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.92.

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.