Quantinno Capital Management LP Raises Position in Matador Resources Company $MTDR

Quantinno Capital Management LP increased its stake in Matador Resources Company (NYSE:MTDR) by 25.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,473 shares of the energy company’s stock after purchasing an additional 11,770 shares during the quarter. Quantinno Capital Management LP’s holdings in Matador Resources were worth $3,631,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MTDR. Wellington Management Group LLP grew its holdings in Matador Resources by 65.0% during the fourth quarter. Wellington Management Group LLP now owns 3,406,182 shares of the energy company’s stock valued at $144,558,000 after purchasing an additional 1,342,145 shares during the period. Encompass Capital Advisors LLC bought a new stake in shares of Matador Resources in the fourth quarter valued at $53,249,000. First Trust Advisors LP raised its stake in shares of Matador Resources by 103.3% in the first quarter. First Trust Advisors LP now owns 1,595,415 shares of the energy company’s stock valued at $100,798,000 after buying an additional 810,808 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of Matador Resources by 2,495.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 552,856 shares of the energy company’s stock valued at $23,463,000 after buying an additional 531,551 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Matador Resources during the 1st quarter valued at $30,904,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Insider Activity at Matador Resources

In other news, COO Glenn W. Stetson bought 500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average price of $53.41 per share, with a total value of $26,705.00. Following the acquisition, the chief operating officer owned 95,470 shares of the company’s stock, valued at approximately $5,099,052.70. The trade was a 0.53% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joseph Wm Foran bought 4,675 shares of the stock in a transaction on Wednesday, May 27th. The stock was purchased at an average price of $52.36 per share, for a total transaction of $244,783.00. Following the completion of the purchase, the chief executive officer directly owned 6,997 shares in the company, valued at approximately $366,362.92. This represents a 201.34% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 11,907 shares of company stock valued at $635,712. Corporate insiders own 5.90% of the company’s stock.

Matador Resources Stock Performance

Shares of MTDR opened at $48.98 on Friday. Matador Resources Company has a 52-week low of $37.14 and a 52-week high of $66.84. The stock’s 50-day simple moving average is $51.44 and its 200 day simple moving average is $53.63. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 0.65. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 8.40 and a beta of 0.76.

Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.53. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm earned $1.53 EPS. The company’s quarterly revenue was up 32.5% compared to the same quarter last year. Research analysts forecast that Matador Resources Company will post 6.96 EPS for the current fiscal year.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.50 annualized dividend and a yield of 3.1%. Matador Resources’s payout ratio is currently 25.73%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wells Fargo & Company lifted their price objective on Matador Resources from $54.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Roth Capital raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Monday, June 22nd. UBS Group reduced their target price on shares of Matador Resources from $56.00 to $54.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. Citigroup lowered their price target on shares of Matador Resources from $72.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Finally, Truist Financial dropped their price target on shares of Matador Resources from $67.00 to $63.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

About Matador Resources

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.