Dimensional Fund Advisors LP Acquires 30,184 Shares of Matador Resources (NYSE:MTDR)

Dimensional Fund Advisors LP lifted its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,444,723 shares of the energy company's stock after purchasing an additional 30,184 shares during the quarter. Dimensional Fund Advisors LP owned about 4.36% of Matador Resources worth $306,313,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Stifel Financial Corp increased its position in shares of Matador Resources by 81.2% in the third quarter. Stifel Financial Corp now owns 30,304 shares of the energy company's stock worth $1,498,000 after acquiring an additional 13,583 shares in the last quarter. Barclays PLC grew its position in Matador Resources by 16.1% during the 3rd quarter. Barclays PLC now owns 190,035 shares of the energy company's stock worth $9,391,000 after purchasing an additional 26,289 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Matador Resources in the third quarter valued at $300,000. Tidal Investments LLC acquired a new stake in shares of Matador Resources in the third quarter worth $423,000. Finally, Synovus Financial Corp grew its holdings in shares of Matador Resources by 32.1% during the third quarter. Synovus Financial Corp now owns 22,753 shares of the energy company's stock valued at $1,124,000 after buying an additional 5,529 shares in the last quarter. Institutional investors own 91.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MTDR shares. Morgan Stanley decreased their target price on shares of Matador Resources from $84.00 to $68.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Stephens lowered their price target on Matador Resources from $90.00 to $86.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Wolfe Research upgraded shares of Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 target price for the company in a research note on Friday, January 3rd. Benchmark restated a "buy" rating and set a $62.00 price target on shares of Matador Resources in a report on Friday, January 17th. Finally, Raymond James lowered their target price on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.73.

Insider Transactions at Matador Resources

In other news, insider Van H. Singleton II bought 1,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average price of $52.72 per share, for a total transaction of $52,720.00. Following the transaction, the insider now directly owns 290,135 shares of the company's stock, valued at $15,295,917.20. This trade represents a 0.35 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Timothy E. Parker purchased 2,000 shares of Matador Resources stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $44.67 per share, for a total transaction of $89,340.00. Following the completion of the transaction, the director now owns 83,790 shares of the company's stock, valued at approximately $3,742,899.30. This represents a 2.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 21,350 shares of company stock valued at $1,100,769. Corporate insiders own 6.10% of the company's stock.

Matador Resources Stock Performance

MTDR stock traded up $0.36 during midday trading on Friday, hitting $41.11. The stock had a trading volume of 2,037,671 shares, compared to its average volume of 1,575,457. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 5.76 and a beta of 2.74. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The stock has a 50-day simple moving average of $46.90 and a 200 day simple moving average of $53.45. Matador Resources has a 52 week low of $35.19 and a 52 week high of $66.89.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.25. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $980.87 million. As a group, equities research analysts anticipate that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 9th will be issued a $0.3125 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.04%. Matador Resources's payout ratio is presently 17.51%.

Matador Resources declared that its board has initiated a share repurchase plan on Wednesday, April 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the energy company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

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.