Quantbot Technologies LP Makes New Investment in Matador Resources (NYSE:MTDR)

Quantbot Technologies LP purchased a new stake in shares of Matador Resources (NYSE:MTDR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,033 shares of the energy company's stock, valued at approximately $891,000.

A number of other hedge funds have also recently bought and sold shares of MTDR. Loomis Sayles & Co. L P lifted its position in Matador Resources by 16.8% during the third quarter. Loomis Sayles & Co. L P now owns 455,662 shares of the energy company's stock worth $22,519,000 after acquiring an additional 65,487 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Matador Resources by 304.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 13,288 shares of the energy company's stock valued at $863,000 after acquiring an additional 10,000 shares during the period. Amalgamated Bank grew 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. increased its position in Matador Resources by 2.9% during the second quarter. American Century Companies Inc. now owns 561,671 shares of the energy company's stock worth $33,476,000 after acquiring an additional 15,835 shares during the period. Finally, Hsbc Holdings PLC raised its stake in Matador Resources by 686.2% in 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. 91.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MTDR has been the topic of a number of analyst reports. Truist Financial reduced their price target on Matador Resources from $86.00 to $75.00 and set a "buy" rating on the stock in a research report on Monday, September 30th. BMO Capital Markets raised their price target on Matador Resources from $75.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, October 4th. Stephens increased their price objective on shares of Matador Resources from $76.00 to $78.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Benchmark restated a "buy" rating and issued a $62.00 target price on shares of Matador Resources in a research report on Wednesday, October 23rd. Finally, Mizuho reduced their price target on shares of 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 investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.92.

Insiders Place Their Bets

In other Matador Resources news, EVP Bryan A. Erman bought 1,000 shares of Matador Resources stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $50.35 per share, with a total value of $50,350.00. Following the acquisition, the executive vice president now owns 2,750 shares in the company, valued at approximately $138,462.50. This trade represents a 57.14 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 acquisition, 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 disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 11,105 shares of company stock worth $562,306. 6.10% of the stock is currently owned by company insiders.

Matador Resources Trading Down 1.9 %

MTDR traded down $1.12 on Monday, hitting $58.89. 1,027,507 shares of the company were exchanged, compared to its average volume of 1,515,482. 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 has a 12 month low of $47.15 and a 12 month high of $71.08. The firm has a fifty day simple moving average of $54.25 and a two-hundred day simple moving average of $56.60. The stock has a market capitalization of $7.35 billion, a PE ratio of 7.76 and a beta of 3.26.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, beating 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 company had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. During the same quarter in the prior year, the company earned $1.86 earnings per share. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. Sell-side analysts expect that Matador Resources will post 7.5 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.70%. This is a positive change from Matador Resources's previous quarterly dividend of $0.20. Matador Resources's payout ratio is presently 13.25%.

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.