14,006 Shares in Matador Resources (NYSE:MTDR) Acquired by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC acquired a new position in Matador Resources (NYSE:MTDR - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 14,006 shares of the energy company's stock, valued at approximately $692,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Matador Resources by 0.9% during the first quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company's stock valued at $742,797,000 after buying an additional 103,713 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Matador Resources by 8.1% during the 2nd 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 in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Matador Resources by 2.7% in the third quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company's stock valued at $136,009,000 after purchasing an additional 72,077 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Matador Resources by 10.5% in the second quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company's stock worth $134,102,000 after buying an additional 214,334 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Matador Resources by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,104,791 shares of the energy company's stock valued at $73,768,000 after buying an additional 53,322 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

Insider Activity at Matador Resources

In other news, CEO Joseph Wm Foran purchased 2,500 shares of the business's stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $51.47 per share, with a total value of $128,675.00. Following the acquisition, the chief executive officer now directly owns 37,751 shares in the company, valued at approximately $1,943,043.97. The trade was a 7.09 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Robert T. Macalik acquired 500 shares of the stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $50.25 per share, for a total transaction of $25,125.00. Following the completion of the transaction, the chief accounting officer now owns 29,800 shares of the company's stock, valued at $1,497,450. This trade represents a 1.71 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 11,105 shares of company stock worth $562,306 in the last ninety days. 6.10% of the stock is currently owned by insiders.

Matador Resources Stock Performance

Shares of NYSE MTDR traded up $0.76 during trading hours on Friday, hitting $60.92. 1,449,771 shares of the stock were exchanged, compared to its average volume of 1,527,975. The firm has a market capitalization of $7.60 billion, a P/E ratio of 8.07 and a beta of 3.26. Matador Resources has a one year low of $47.15 and a one year high of $71.08. 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 company's 50 day moving average is $53.26 and its 200 day moving average is $56.88.

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

Matador Resources Increases Dividend

The business 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 $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 dividend yield of 1.64%. Matador Resources's dividend payout ratio (DPR) is presently 13.25%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BMO Capital Markets raised their price objective on Matador Resources from $75.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, October 4th. Truist Financial decreased their price target on shares of Matador Resources from $86.00 to $75.00 and set a "buy" rating for the company in a report on Monday, September 30th. Wells Fargo & Company dropped their price objective on shares of Matador Resources from $89.00 to $87.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 1st. Mizuho cut 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 report on Monday, September 16th. Finally, Benchmark reaffirmed a "buy" rating and issued a $62.00 price target on shares of Matador Resources in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.92.

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.