Matador Resources (NYSE:MTDR) Shares Purchased by Algert Global LLC

Algert Global LLC boosted its stake in Matador Resources (NYSE:MTDR) by 1,150.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 149,316 shares of the energy company’s stock after acquiring an additional 137,375 shares during the period. Algert Global LLC owned 0.12% of Matador Resources worth $7,379,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Cerity Partners LLC increased its position in Matador Resources by 42.8% in the 3rd quarter. Cerity Partners LLC now owns 69,082 shares of the energy company’s stock valued at $3,414,000 after acquiring an additional 20,700 shares during the period. Citigroup Inc. boosted its holdings in Matador Resources by 40.1% in the 3rd quarter. Citigroup Inc. now owns 138,580 shares of the energy company’s stock valued at $6,849,000 after purchasing an additional 39,630 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in Matador Resources by 44.0% in the 3rd quarter. Raymond James Trust N.A. now owns 8,226 shares of the energy company’s stock valued at $407,000 after purchasing an additional 2,512 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Matador Resources by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,434,926 shares of the energy company’s stock valued at $70,914,000 after purchasing an additional 57,254 shares in the last quarter. Finally, Integrated Investment Consultants LLC purchased a new stake in Matador Resources in the 3rd quarter valued at approximately $692,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Trading Up 1.2 %

Shares of MTDR opened at $60.91 on Friday. 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 has a 12 month low of $47.15 and a 12 month high of $71.08. The stock has a market cap of $7.60 billion, a PE ratio of 8.07 and a beta of 3.26. The stock’s 50-day moving average is $53.48 and its two-hundred day moving average is $56.81.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.11. The company had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. Matador Resources’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $1.86 earnings per share. Equities analysts forecast that Matador Resources will post 7.5 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.64%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s dividend payout ratio (DPR) is currently 13.25%.

Insider Activity

In related news, CAO Robert T. Macalik purchased 500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $50.25 per share, for a total transaction of $25,125.00. Following the completion of the purchase, the chief accounting officer now owns 29,800 shares in the company, valued at approximately $1,497,450. This represents a 1.71 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph Wm Foran purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $51.47 per share, with a total value of $128,675.00. Following the purchase, the chief executive officer now owns 37,751 shares of the company’s stock, valued at approximately $1,943,043.97. The trade was a 7.09 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 11,105 shares of company stock worth $562,306 over the last 90 days. Company insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MTDR shares. JPMorgan Chase & Co. lowered their price objective on Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Mizuho decreased their price target on Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Royal Bank of Canada reissued an “outperform” rating and set a $70.00 price target on shares of Matador Resources in a research note on Thursday, October 24th. Benchmark reissued a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research note on Wednesday, October 23rd. Finally, Stephens boosted their price target on Matador Resources from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Matador Resources has an average rating of “Moderate Buy” and an average price target of $74.92.

Matador Resources 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.