Quantbot Technologies LP Invests $891,000 in Matador Resources (NYSE:MTDR)

Quantbot Technologies LP acquired a new stake in Matador Resources (NYSE:MTDR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 18,033 shares of the energy company’s stock, valued at approximately $891,000.

A number of other large investors have also recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Matador Resources by 162.9% during the 3rd quarter. FMR LLC now owns 478,795 shares of the energy company’s stock worth $23,662,000 after acquiring an additional 296,663 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in Matador Resources by 16.8% during the third quarter. Loomis Sayles & Co. L P now owns 455,662 shares of the energy company’s stock worth $22,519,000 after purchasing an additional 65,487 shares during the period. Dynamic Technology Lab Private Ltd grew its holdings in Matador Resources by 194.0% during the third quarter. Dynamic Technology Lab Private Ltd now owns 16,534 shares of the energy company’s stock valued at $817,000 after purchasing an additional 10,910 shares during the last quarter. Alpha DNA Investment Management LLC raised its position in shares of Matador Resources by 132.5% in the third quarter. Alpha DNA Investment Management LLC now owns 8,302 shares of the energy company’s stock valued at $410,000 after purchasing an additional 4,731 shares during the period. Finally, Algert Global LLC boosted its holdings in shares of Matador Resources by 1,150.4% during the 3rd quarter. Algert Global LLC now owns 149,316 shares of the energy company’s stock worth $7,379,000 after buying an additional 137,375 shares during the period. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Price Performance

Shares of MTDR stock opened at $60.01 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. The stock’s fifty day simple moving average is $54.25 and its 200 day simple moving average is $56.65. Matador Resources has a one year low of $47.15 and a one year high of $71.08. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 7.95 and a beta of 3.26.

Matador Resources (NYSE:MTDR) last posted its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.11. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The business had revenue of $770.20 million for the quarter, compared to analyst estimates of $836.69 million. During the same quarter in the prior year, the firm earned $1.86 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, analysts expect that Matador Resources will post 7.5 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $0.25 dividend. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.67%. Matador Resources’s payout ratio is presently 13.25%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Matador Resources from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Benchmark restated a “buy” rating and issued a $62.00 price objective on shares of Matador Resources in a research note on Wednesday, October 23rd. Truist Financial dropped their target price on shares of Matador Resources from $86.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Stephens raised their price target on shares of Matador Resources from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 target price on shares of Matador Resources in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.92.

Insiders Place Their Bets

In related news, EVP Bryan A. Erman bought 1,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $50.35 per share, with a total value of $50,350.00. Following the completion of the purchase, the executive vice president now owns 2,750 shares in the company, valued at approximately $138,462.50. The trade was a 57.14 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Joseph Wm Foran purchased 2,500 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $51.47 per share, for a total transaction of $128,675.00. Following the completion of the purchase, the chief executive officer now directly owns 37,751 shares of the company’s stock, valued at $1,943,043.97. The trade was a 7.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 11,105 shares of company stock valued at $562,306. 6.10% of the stock is currently owned by corporate insiders.

About Matador Resources

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.