Royce & Associates LP Acquires 62,784 Shares of Matador Resources (NYSE:MTDR)

Royce & Associates LP raised its position in shares of Matador Resources (NYSE:MTDR - Free Report) by 21.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 357,563 shares of the energy company's stock after purchasing an additional 62,784 shares during the period. Royce & Associates LP owned 0.29% of Matador Resources worth $17,671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Covestor Ltd raised its position in shares of Matador Resources by 121.4% in the first quarter. Covestor Ltd now owns 414 shares of the energy company's stock valued at $28,000 after purchasing an additional 227 shares during the period. Denver PWM LLC bought a new stake in Matador Resources during the 2nd quarter valued at $27,000. Advisors Asset Management Inc. lifted its position in shares of Matador Resources by 191.8% during the first quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company's stock worth $47,000 after acquiring an additional 466 shares in the last quarter. Quarry LP lifted its position in shares of Matador Resources by 47.5% during the second quarter. Quarry LP now owns 779 shares of the energy company's stock worth $46,000 after acquiring an additional 251 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Matador Resources by 28.7% in the third quarter. GAMMA Investing LLC now owns 1,403 shares of the energy company's stock worth $69,000 after acquiring an additional 313 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

Matador Resources Trading Down 2.1 %

Shares of MTDR stock traded down $1.20 during mid-day trading on Friday, reaching $57.53. The stock had a trading volume of 1,402,843 shares, compared to its average volume of 1,537,720. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The stock's 50-day moving average price is $52.50 and its two-hundred day moving average price is $56.93. The firm has a market capitalization of $7.18 billion, a PE ratio of 7.62 and a beta of 3.26. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08.

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 (EPS) for the quarter, beating 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 firm had revenue of $770.20 million for the quarter, compared to analysts' expectations of $836.69 million. During the same period in the previous year, the firm earned $1.86 earnings per share. The business's revenue was up 9.8% compared to the same quarter last year. Equities analysts expect 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. Shareholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. 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 dividend on an annualized basis and a dividend yield of 1.74%. Matador Resources's dividend payout ratio is 10.60%.

Analysts Set New Price Targets

MTDR has been the subject of several recent analyst reports. Capital One Financial raised shares of Matador Resources from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $80.00 to $84.00 in a research note on Thursday, July 25th. Truist Financial reduced their price target 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. Mizuho lowered their price objective 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. KeyCorp reduced their target price on Matador Resources from $76.00 to $72.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. Finally, Benchmark reaffirmed a "buy" rating and issued a $62.00 price target on shares of Matador Resources in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.92.

Insider Transactions at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran acquired 2,500 shares of the company's stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average price of $49.97 per share, with a total value of $124,925.00. Following the completion of the purchase, the chief executive officer now directly owns 40,251 shares of the company's stock, valued at approximately $2,011,342.47. The trade was a 6.62 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brian J. Willey bought 1,500 shares of the firm's stock in a transaction on Friday, September 6th. The shares were acquired at an average cost of $50.50 per share, with a total value of $75,750.00. Following the purchase, the chief financial officer now directly owns 1,500 shares of the company's stock, valued at approximately $75,750. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 11,105 shares of company stock valued at $562,306. Corporate insiders own 6.10% of the company's stock.

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.