Matador Resources (NYSE:MTDR) Shares Bought by Centiva Capital LP

Centiva Capital LP raised its holdings in Matador Resources (NYSE:MTDR - Free Report) by 89.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,671 shares of the energy company's stock after acquiring an additional 21,601 shares during the period. Centiva Capital LP's holdings in Matador Resources were worth $2,257,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Boston Trust Walden Corp acquired a new stake in shares of Matador Resources in the third quarter valued at approximately $51,788,000. Dimensional Fund Advisors LP increased its position in Matador Resources by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company's stock worth $282,196,000 after purchasing an additional 356,506 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Matador Resources during the second quarter worth about $18,747,000. FMR LLC boosted its holdings in Matador Resources by 162.9% in the 3rd quarter. FMR LLC now owns 478,795 shares of the energy company's stock valued at $23,662,000 after purchasing an additional 296,663 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of Matador Resources by 10.5% in the 2nd quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company's stock valued at $134,102,000 after buying an additional 214,334 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Matador Resources

In other Matador Resources news, EVP Glenn W. Stetson bought 1,000 shares of the business's stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of $51.33 per share, with a total value of $51,330.00. Following the acquisition, the executive vice president now directly owns 85,935 shares of the company's stock, valued at $4,411,043.55. The trade was a 1.18 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert Gaines Baty purchased 500 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of $50.58 per share, with a total value of $25,290.00. Following the purchase, the director now owns 67,617 shares in the company, valued at $3,420,067.86. This trade represents a 0.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 11,105 shares of company stock worth $562,306. Corporate insiders own 6.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Truist Financial reduced their price target 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 objective on Matador Resources from $76.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Mizuho lowered their target price on shares of Matador Resources from $85.00 to $74.00 and set an "outperform" rating for the company in a research note on Monday, September 16th. KeyCorp reduced their price target on shares of Matador Resources from $76.00 to $72.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company decreased their price objective on shares of Matador Resources from $89.00 to $87.00 and set an "overweight" rating on the stock in a report on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Matador Resources presently has an average rating of "Moderate Buy" and a consensus price target of $74.92.

Matador Resources Stock Up 1.1 %

NYSE:MTDR traded up $0.67 during midday trading on Tuesday, reaching $59.56. The company had a trading volume of 509,946 shares, compared to its average volume of 1,511,164. The stock's fifty day simple moving average is $54.38 and its 200-day simple moving average is $56.58. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 7.80 and a beta of 3.26.

Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $836.69 million. During the same period in the previous year, the company earned $1.86 EPS. The company's revenue for the quarter was up 9.8% on a year-over-year basis. On average, sell-side analysts anticipate that Matador Resources will post 7.5 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.68%. This is an increase from Matador Resources's previous quarterly dividend of $0.20. The ex-dividend date is Friday, November 15th. Matador Resources's dividend payout ratio (DPR) is 13.25%.

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.