Point72 Hong Kong Ltd Takes $2.32 Million Position in Matador Resources (NYSE:MTDR)

Point72 Hong Kong Ltd bought a new position in shares of Matador Resources (NYSE:MTDR - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 46,919 shares of the energy company's stock, valued at approximately $2,319,000.

Several other hedge funds also recently added to or reduced their stakes in MTDR. Dimensional Fund Advisors LP increased its position in shares of Matador Resources by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company's stock valued at $282,196,000 after buying an additional 356,506 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Matador Resources by 2.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company's stock worth $136,009,000 after buying an additional 72,077 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Matador Resources by 10.5% in the 2nd 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 last quarter. Charles Schwab Investment Management Inc. boosted its stake in Matador Resources by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,434,926 shares of the energy company's stock worth $70,914,000 after buying an additional 57,254 shares during the last quarter. Finally, Wasatch Advisors LP lifted its stake in shares of Matador Resources by 4.3% in the 3rd quarter. Wasatch Advisors LP now owns 1,287,587 shares of the energy company's stock valued at $63,633,000 after purchasing an additional 52,498 shares in the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Matador Resources

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

Matador Resources Stock Performance

Shares of NYSE:MTDR traded down $1.09 during trading on Monday, hitting $58.92. 318,992 shares of the stock were exchanged, compared to its average volume of 1,512,319. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 7.76 and a beta of 3.26. The company's fifty day simple moving average is $54.25 and its 200-day simple moving average is $56.60. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The company had revenue of $770.20 million for the quarter, compared to analyst estimates of $836.69 million. During the same quarter last year, the firm earned $1.86 EPS. Matador Resources's revenue for the quarter was up 9.8% compared to the same quarter last year. Sell-side analysts expect that Matador Resources will post 7.5 EPS 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Matador Resources's previous quarterly dividend of $0.20. Matador Resources's dividend payout ratio (DPR) is 13.25%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Benchmark restated a "buy" rating and issued a $62.00 price target on shares of Matador Resources in a report on Wednesday, October 23rd. Wells Fargo & Company cut their target price on Matador Resources from $89.00 to $87.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 1st. KeyCorp dropped their price target on Matador Resources from $76.00 to $72.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. BMO Capital Markets increased their target price on Matador Resources from $75.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, October 4th. Finally, Mizuho dropped their target price on Matador Resources from $85.00 to $74.00 and set an "outperform" rating on the stock in a research report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $74.92.

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.