Charles Schwab Investment Management Inc. Raises Stock Position in Matador Resources (NYSE:MTDR)

Charles Schwab Investment Management Inc. raised its position in Matador Resources (NYSE:MTDR - Free Report) by 4.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,434,926 shares of the energy company's stock after buying an additional 57,254 shares during the period. Charles Schwab Investment Management Inc. owned about 1.15% of Matador Resources worth $70,914,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Integrated Investment Consultants LLC acquired a new position in shares of Matador Resources during the 3rd quarter worth approximately $692,000. King Luther Capital Management Corp increased its holdings in Matador Resources by 180.2% in the 3rd quarter. King Luther Capital Management Corp now owns 11,208 shares of the energy company's stock worth $554,000 after acquiring an additional 7,208 shares in the last quarter. Commerce Bank raised its position in Matador Resources by 9.7% during the third quarter. Commerce Bank now owns 12,360 shares of the energy company's stock worth $611,000 after acquiring an additional 1,098 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in Matador Resources by 6.4% during the third quarter. Segall Bryant & Hamill LLC now owns 959,550 shares of the energy company's stock valued at $47,421,000 after purchasing an additional 57,995 shares in the last quarter. Finally, Avior Wealth Management LLC grew its position in shares of Matador Resources by 329.0% in the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company's stock valued at $41,000 after purchasing an additional 635 shares during the period. Institutional investors and hedge funds own 91.98% of the company's stock.

Matador Resources Trading Up 0.8 %

MTDR stock traded up $0.45 during mid-day trading on Friday, hitting $60.01. 589,330 shares of the company were exchanged, compared to its average volume of 1,517,595. 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 $7.49 billion, a P/E ratio of 7.89 and a beta of 3.26. The business has a fifty day simple moving average of $54.10 and a 200-day simple moving average of $56.72. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.11. The firm 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%. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 EPS. On average, equities research analysts predict that Matador Resources will post 7.5 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $0.25 per share. This is a positive change from Matador Resources's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.67%. Matador Resources's dividend payout ratio is presently 13.25%.

Analysts Set New Price Targets

A number of equities analysts have commented on MTDR shares. JPMorgan Chase & Co. reduced their target price on Matador Resources from $77.00 to $71.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. 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. BMO Capital Markets lifted their target price on shares of Matador Resources from $75.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, October 4th. Truist Financial reduced their target price on shares of Matador Resources from $86.00 to $75.00 and set a "buy" rating for the company in a research report on Monday, September 30th. Finally, Stephens boosted their price target on shares of Matador Resources from $76.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $74.92.

Insider Activity at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran bought 2,500 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average cost of $49.97 per share, with a total value of $124,925.00. Following the purchase, the chief executive officer now directly owns 40,251 shares in the company, valued at approximately $2,011,342.47. This represents a 6.62 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Glenn W. Stetson purchased 1,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president now directly owns 85,935 shares in the company, valued at $4,411,043.55. This trade represents a 1.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 11,105 shares of company stock worth $562,306 in the last three months. 6.10% of the stock is owned by company insiders.

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.