Matador Resources Company $MTDR Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in Matador Resources Company (NYSE:MTDR) by 4.2% during the 1st quarter, Holdings Channel reports. The fund owned 6,948,104 shares of the energy company’s stock after acquiring an additional 277,839 shares during the period. Dimensional Fund Advisors LP owned about 0.06% of Matador Resources worth $439,010,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new stake in Matador Resources during the 1st quarter worth about $27,000. Kestra Investment Management LLC lifted its holdings in Matador Resources by 225.2% in the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after purchasing an additional 358 shares in the last quarter. Center for Financial Planning Inc. acquired a new stake in shares of Matador Resources during the 1st quarter worth about $41,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Matador Resources during the 3rd quarter worth about $35,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Matador Resources by 361.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after purchasing an additional 690 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Matador Resources from $75.00 to $66.00 and set an “equal weight” rating for the company in a research report on Monday, June 29th. Weiss Ratings lowered shares of Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Wells Fargo & Company lifted their target price on shares of Matador Resources from $54.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Roth Capital upgraded Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a report on Monday, June 22nd. Finally, Citigroup reduced their price target on Matador Resources from $72.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.77.

Matador Resources Price Performance

MTDR opened at $53.51 on Tuesday. Matador Resources Company has a 52-week low of $37.14 and a 52-week high of $66.84. The company has a 50 day moving average of $53.51 and a two-hundred day moving average of $52.99. The company has a market cap of $6.64 billion, a P/E ratio of 13.76 and a beta of 0.74. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 0.59.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.29. The business had revenue of $941.60 million for the quarter, compared to the consensus estimate of $871.57 million. Matador Resources had a net margin of 14.41% and a return on equity of 11.20%. The business’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.99 EPS. On average, analysts expect that Matador Resources Company will post 6.99 earnings per share for the current year.

Matador Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were given a $0.375 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.50 annualized dividend and a dividend yield of 2.8%. Matador Resources’s dividend payout ratio is presently 38.56%.

Insider Transactions at Matador Resources

In related news, CEO Joseph Wm Foran bought 2,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was acquired at an average price of $53.07 per share, for a total transaction of $106,140.00. Following the completion of the purchase, the chief executive officer owned 11,479 shares in the company, valued at $609,190.53. This represents a 21.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Christopher P. Calvert bought 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average price of $53.24 per share, for a total transaction of $79,860.00. Following the completion of the acquisition, the chief financial officer owned 41,500 shares in the company, valued at approximately $2,209,460. This trade represents a 3.75% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 11,907 shares of company stock valued at $635,712 over the last quarter. Company insiders own 5.90% of the company’s stock.

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.