Matador Resources (NYSE:MTDR) Shares Bought by Cerity Partners LLC

Cerity Partners LLC increased its position in shares of Matador Resources (NYSE:MTDR - Free Report) by 42.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,082 shares of the energy company's stock after acquiring an additional 20,700 shares during the period. Cerity Partners LLC owned about 0.06% of Matador Resources worth $3,414,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MTDR. DekaBank Deutsche Girozentrale boosted its position in Matador Resources by 304.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 13,288 shares of the energy company's stock valued at $863,000 after buying an additional 10,000 shares during the period. Amalgamated Bank raised its stake in shares of Matador Resources by 25.5% in the second quarter. Amalgamated Bank now owns 73,025 shares of the energy company's stock valued at $4,352,000 after acquiring an additional 14,850 shares in the last quarter. American Century Companies Inc. boosted its holdings in Matador Resources by 2.9% in the second quarter. American Century Companies Inc. now owns 561,671 shares of the energy company's stock valued at $33,476,000 after purchasing an additional 15,835 shares during the period. Hsbc Holdings PLC grew its stake in Matador Resources by 686.2% during the 2nd quarter. Hsbc Holdings PLC now owns 73,978 shares of the energy company's stock worth $4,432,000 after purchasing an additional 64,568 shares in the last quarter. Finally, Prudential PLC purchased a new stake in Matador Resources during the 2nd quarter worth about $1,726,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Matador Resources Stock Performance

Shares of NYSE MTDR traded up $0.45 during mid-day trading on Friday, hitting $60.01. 589,683 shares of the company were exchanged, compared to its average volume of 1,517,595. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 7.95 and a beta of 3.26. The stock has a 50 day simple moving average of $54.25 and a 200-day simple moving average of $56.70. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly 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. The business had revenue of $770.20 million for the quarter, compared to analyst estimates of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The business's revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.86 earnings per share. On average, sell-side analysts forecast that Matador Resources will post 7.5 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.67%. This is an increase from Matador Resources's previous quarterly dividend of $0.20. Matador Resources's payout ratio is currently 13.25%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MTDR shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $70.00 target price on shares of Matador Resources in a report on Thursday, October 24th. JPMorgan Chase & Co. reduced their price objective on shares of Matador Resources from $77.00 to $71.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Wells Fargo & Company lowered their target price on shares of 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 price target on 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, Truist Financial lowered their price objective 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 equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $74.92.

Insider Transactions at Matador Resources

In other Matador Resources news, CAO Robert T. Macalik purchased 500 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $50.25 per share, for a total transaction of $25,125.00. Following the completion of the transaction, the chief accounting officer now directly owns 29,800 shares of the company's stock, valued at $1,497,450. This trade represents a 1.71 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Brian J. Willey acquired 1,500 shares of the business's stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $50.50 per share, with a total value of $75,750.00. Following the completion of the transaction, the chief financial officer now directly owns 1,500 shares in the company, valued at approximately $75,750. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 11,105 shares of company stock valued at $562,306 in the last quarter. 6.10% of the stock is currently owned by corporate insiders.

Matador Resources 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.