Quantinno Capital Management LP Raises Stock Holdings in Matador Resources Company $MTDR

Quantinno Capital Management LP increased its stake in Matador Resources Company (NYSE:MTDR) by 25.8% during the 1st quarter, Holdings Channel reports. 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 reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Lazard Asset Management LLC lifted its position in Matador Resources by 7.1% during the first quarter. Lazard Asset Management LLC now owns 12,332 shares of the energy company’s stock valued at $779,000 after purchasing an additional 819 shares during the last quarter. Morningstar Investment Management LLC bought a new position in shares of Matador Resources in the 1st quarter worth $2,630,000. Public Employees Retirement System of Ohio raised its position in shares of Matador Resources by 4.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 36,841 shares of the energy company’s stock valued at $2,328,000 after buying an additional 1,692 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Matador Resources during the 1st quarter valued at $30,904,000. Finally, Sei Investments Co. lifted its holdings in shares of Matador Resources by 100.4% during the 1st quarter. Sei Investments Co. now owns 384,098 shares of the energy company’s stock worth $24,267,000 after acquiring an additional 192,477 shares during the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Glenn W. Stetson acquired 500 shares of the stock in a transaction dated Tuesday, June 9th. The stock was purchased at an average cost of $53.41 per share, with a total value of $26,705.00. Following the completion of the purchase, the chief operating officer owned 95,470 shares in the company, valued at approximately $5,099,052.70. The trade was a 0.53% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph Wm Foran bought 2,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average price of $53.07 per share, with a total value of $106,140.00. Following the completion of the acquisition, the chief executive officer owned 11,479 shares of the company’s stock, valued at $609,190.53. This trade represents a 21.10% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 11,907 shares of company stock valued at $635,712. 5.90% of the stock is currently owned by company insiders.

Matador Resources Price Performance

Shares of Matador Resources stock opened at $48.98 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 0.65. Matador Resources Company has a 52-week low of $37.14 and a 52-week high of $66.84. The company has a fifty day moving average of $51.44 and a 200-day moving average of $53.63. 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 issued its earnings results on Wednesday, August 5th. The energy company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.53. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the company earned $1.53 EPS. The firm’s revenue was up 32.5% compared to the same quarter last year. Equities research analysts expect that Matador Resources Company will post 6.96 EPS for the current year.

Matador Resources Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MTDR. Roth Capital upgraded shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Monday, June 22nd. Morgan Stanley lowered their price target on Matador Resources from $75.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Monday, June 29th. Stephens lifted their price target on Matador Resources from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Citigroup cut their price objective on Matador Resources from $72.00 to $68.00 and set a “buy” rating for the company in a report on Monday, July 20th. Finally, Mizuho upgraded Matador Resources to a “strong-buy” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company 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.