Matador Resources (NYSE:MTDR) Shares Acquired by Fmr LLC

Fmr LLC increased its position in shares of Matador Resources (NYSE:MTDR) by 162.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 478,795 shares of the energy company’s stock after buying an additional 296,663 shares during the period. Fmr LLC’s holdings in Matador Resources were worth $23,662,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Boston Trust Walden Corp acquired a new stake in Matador Resources during the 3rd quarter valued at approximately $51,788,000. Dimensional Fund Advisors LP increased its stake in shares of Matador Resources by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock worth $282,196,000 after buying an additional 356,506 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Matador Resources in the second quarter valued at $18,747,000. Clearbridge Investments LLC boosted its stake in Matador Resources by 10.5% during the 2nd quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company’s stock valued at $134,102,000 after acquiring an additional 214,334 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Matador Resources by 157.0% during the 2nd quarter. AQR Capital Management LLC now owns 334,646 shares of the energy company’s stock valued at $19,945,000 after acquiring an additional 204,420 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MTDR. Stephens lifted their price target on Matador Resources from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Matador Resources in a research report on Friday. 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. KeyCorp decreased their target price 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. Finally, BMO Capital Markets increased their price target on Matador Resources from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Matador Resources has an average rating of “Moderate Buy” and an average target price of $75.08.

Insider Activity

In other Matador Resources news, Director Robert Gaines Baty purchased 500 shares of the company’s stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $50.58 per share, for a total transaction of $25,290.00. Following the completion of the transaction, the director now owns 67,617 shares in the company, valued at $3,420,067.86. The trade was a 0.74 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Glenn W. Stetson acquired 1,000 shares of Matador Resources stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average price of $51.33 per share, with a total value of $51,330.00. Following the transaction, the executive vice president now owns 85,935 shares in the company, valued at approximately $4,411,043.55. This represents a 1.18 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 1,805 shares of company stock worth $92,151 over the last three months. Corporate insiders own 6.10% of the company’s stock.

Matador Resources Stock Up 2.0 %

Shares of Matador Resources stock opened at $56.42 on Tuesday. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The company has a market capitalization of $7.04 billion, a P/E ratio of 7.47 and a beta of 3.26. The business’s fifty day moving average price is $55.15 and its two-hundred day moving average price is $56.44. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. The business had revenue of $770.20 million for 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 company’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 earnings per share. As a group, research analysts forecast that Matador Resources will post 7.5 EPS for the current year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were paid a $0.25 dividend. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Friday, November 15th. Matador Resources’s dividend payout ratio is currently 13.25%.

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.