Quantitative Investment Management LLC Purchases Shares of 7,128 Matador Resources (NYSE:MTDR)

Quantitative Investment Management LLC purchased a new stake in Matador Resources (NYSE:MTDRGet Rating) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,128 shares of the energy company’s stock, valued at approximately $377,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTDR. Private Ocean LLC acquired a new stake in shares of Matador Resources during the first quarter worth $27,000. Exchange Traded Concepts LLC acquired a new stake in shares of Matador Resources during the first quarter worth $31,000. Van ECK Associates Corp acquired a new stake in shares of Matador Resources during the first quarter worth $67,000. Archer Investment Corp acquired a new stake in shares of Matador Resources during the first quarter worth $74,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in Matador Resources in the first quarter worth $98,000. 88.32% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Stock Up 3.2 %

Matador Resources stock opened at $58.32 on Monday. Matador Resources has a 1-year low of $28.61 and a 1-year high of $67.78. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 6.70 and a beta of 3.64. The firm’s fifty day moving average price is $54.21 and its two-hundred day moving average price is $53.99. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.48.

Matador Resources (NYSE:MTDRGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The energy company reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.31. Matador Resources had a net margin of 40.86% and a return on equity of 43.58%. The firm had revenue of $943.93 million for the quarter, compared to analyst estimates of $829.21 million. During the same period last year, the firm earned $1.02 earnings per share. On average, equities research analysts predict that Matador Resources will post 11.21 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Wednesday, August 17th were given a dividend of $0.10 per share. This is a positive change from Matador Resources’s previous quarterly dividend of $0.05. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Tuesday, August 16th. Matador Resources’s dividend payout ratio (DPR) is presently 4.59%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Matador Resources from a “buy” rating to a “hold” rating in a report on Tuesday, May 24th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $58.56.

About Matador Resources

(Get Rating)

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.

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Institutional Ownership by Quarter for Matador Resources (NYSE:MTDR)

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