Jennison Associates LLC Makes New $675,000 Investment in Matador Resources (NYSE:MTDR)

Jennison Associates LLC bought a new stake in Matador Resources (NYSE:MTDRFree Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 10,103 shares of the energy company’s stock, valued at approximately $675,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FORA Capital LLC bought a new position in shares of Matador Resources in the first quarter valued at approximately $2,059,000. Fidelis Capital Partners LLC purchased a new stake in Matador Resources in the 1st quarter worth approximately $73,000. Capstone Investment Advisors LLC lifted its position in Matador Resources by 1,029.1% in the 1st quarter. Capstone Investment Advisors LLC now owns 76,032 shares of the energy company’s stock worth $5,077,000 after buying an additional 69,298 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Matador Resources during the 1st quarter worth $828,000. Finally, Peterson Wealth Services increased its stake in shares of Matador Resources by 50.1% during the 1st quarter. Peterson Wealth Services now owns 39,557 shares of the energy company’s stock worth $2,641,000 after purchasing an additional 13,211 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, EVP Bryan A. Erman purchased 1,750 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was bought at an average price of $55.90 per share, with a total value of $97,825.00. Following the completion of the purchase, the executive vice president now directly owns 1,750 shares of the company’s stock, valued at approximately $97,825. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.10% of the company’s stock.

Matador Resources Price Performance

MTDR opened at $60.08 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.89 and a quick ratio of 0.84. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 8.23 and a beta of 3.29. The firm’s fifty day moving average price is $60.35 and its two-hundred day moving average price is $60.88. Matador Resources has a 1 year low of $51.72 and a 1 year high of $71.08.

Matador Resources (NYSE:MTDRGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The energy company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.39 by $0.32. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The business had revenue of $787.70 million for the quarter, compared to the consensus estimate of $740.99 million. During the same period in the prior year, the firm earned $1.50 earnings per share. The company’s revenue was up 40.6% compared to the same quarter last year. As a group, analysts anticipate that Matador Resources will post 7.86 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Thursday, May 16th. Matador Resources’s payout ratio is currently 10.96%.

Analyst Upgrades and Downgrades

MTDR has been the topic of a number of research analyst reports. Mizuho raised their target price on shares of Matador Resources from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Roth Mkm restated a “buy” rating and issued a $66.00 price target on shares of Matador Resources in a research report on Monday, March 25th. Truist Financial boosted their price target on shares of Matador Resources from $87.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Benchmark reduced their target price on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Finally, Wells Fargo & Company boosted their price target on shares of Matador Resources from $76.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Matador Resources currently has an average rating of “Moderate Buy” and an average target price of $76.09.

Check Out Our Latest Stock Analysis on Matador Resources

Matador Resources Company Profile

(Free Report)

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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