10,023 Shares in Matador Resources (NYSE:MTDR) Bought by iSAM Funds UK Ltd

iSAM Funds UK Ltd acquired a new position in Matador Resources (NYSE:MTDR - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,023 shares of the energy company's stock, valued at approximately $495,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Securian Asset Management Inc. increased its position in shares of Matador Resources by 1.9% during the 2nd quarter. Securian Asset Management Inc. now owns 9,255 shares of the energy company's stock valued at $552,000 after purchasing an additional 170 shares during the period. Raymond James Trust N.A. grew its holdings in Matador Resources by 3.6% during the second quarter. Raymond James Trust N.A. now owns 5,714 shares of the energy company's stock worth $341,000 after acquiring an additional 198 shares during the period. ClearAlpha Technologies LP raised its position in Matador Resources by 4.3% in the third quarter. ClearAlpha Technologies LP now owns 5,250 shares of the energy company's stock worth $259,000 after acquiring an additional 218 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Matador Resources by 16.6% in the 2nd quarter. Fifth Third Bancorp now owns 1,709 shares of the energy company's stock valued at $102,000 after acquiring an additional 243 shares during the last quarter. Finally, Quarry LP boosted its position in shares of Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company's stock valued at $46,000 after purchasing an additional 251 shares in the last quarter. Institutional investors own 91.98% of the company's stock.

Matador Resources Stock Down 4.8 %

Shares of NYSE MTDR traded down $2.80 during mid-day trading on Friday, reaching $55.30. The company had a trading volume of 1,449,047 shares, compared to its average volume of 1,110,516. The stock has a fifty day moving average of $55.00 and a two-hundred day moving average of $56.49. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 7.32 and a beta of 3.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88.

Matador Resources (NYSE:MTDR - Get Free Report) last released its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.11. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The company had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. During the same quarter in the prior year, the firm earned $1.86 EPS. The company's revenue was up 9.8% compared to the same quarter last year. As a group, equities research analysts expect that Matador Resources will post 7.5 EPS for the current year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were given a dividend of $0.25 per share. This is a boost from Matador Resources's previous quarterly dividend of $0.20. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.81%. Matador Resources's dividend payout ratio (DPR) is presently 13.25%.

Analyst Ratings Changes

A number of analysts recently commented on MTDR shares. Mizuho dropped their target price on shares of Matador Resources from $85.00 to $74.00 and set an "outperform" rating on the stock in a report on Monday, September 16th. Benchmark reaffirmed a "buy" rating and issued a $62.00 price target on shares of Matador Resources in a report on Wednesday, October 23rd. Wells Fargo & Company reduced their price objective on Matador Resources from $89.00 to $87.00 and set an "overweight" rating for the company in a research note on Tuesday, October 1st. KeyCorp cut their target price on Matador Resources from $76.00 to $72.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Finally, Truist Financial decreased their price target on Matador Resources from $86.00 to $75.00 and set a "buy" rating for the company in a research report on Monday, September 30th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Matador Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.08.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran purchased 2,500 shares of the company's stock in a transaction dated Monday, September 9th. The shares were bought at an average price of $49.97 per share, for a total transaction of $124,925.00. Following the purchase, the chief executive officer now directly owns 40,251 shares in the company, valued at $2,011,342.47. This trade represents a 6.62 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Glenn W. Stetson acquired 1,000 shares of Matador Resources stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average cost of $51.33 per share, with a total value of $51,330.00. Following the purchase, the executive vice president now owns 85,935 shares in the company, valued at $4,411,043.55. The trade was a 1.18 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 5,605 shares of company stock worth $282,406 over the last 90 days. 6.10% of the stock is currently owned by corporate insiders.

Matador Resources Company 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.