Foundations Investment Advisors LLC Makes New Investment in Matador Resources (NYSE:MTDR)

Foundations Investment Advisors LLC purchased a new stake in shares of Matador Resources (NYSE:MTDRFree Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,084 shares of the energy company’s stock, valued at approximately $202,000.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Matador Resources by 0.9% during the first quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company’s stock valued at $742,797,000 after purchasing an additional 103,713 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Matador Resources by 8.1% during the 2nd 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 during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Matador Resources by 10.5% in the 2nd quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company’s stock valued at $134,102,000 after buying an additional 214,334 shares during the period. Wasatch Advisors LP lifted its holdings in shares of Matador Resources by 7.3% in the 1st quarter. Wasatch Advisors LP now owns 1,176,802 shares of the energy company’s stock valued at $78,575,000 after buying an additional 79,920 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Matador Resources by 5.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,104,791 shares of the energy company’s stock worth $73,768,000 after buying an additional 53,322 shares during the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Matador Resources Price Performance

NYSE:MTDR opened at $51.83 on Monday. The stock has a 50 day moving average of $52.74 and a two-hundred day moving average of $58.04. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08. The firm has a market cap of $6.47 billion, a P/E ratio of 7.10 and a beta of 3.26. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.41.

Matador Resources (NYSE:MTDRGet Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.78 by $0.11. Matador Resources had a return on equity of 20.63% and a net margin of 27.45%. The firm had revenue of $770.20 million during the quarter, compared to analysts’ expectations of $836.69 million. During the same period in the previous year, the business earned $1.86 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts expect that Matador Resources will post 7.41 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.93%. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, November 15th. Matador Resources’s dividend payout ratio is 13.70%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MTDR shares. Wolfe Research assumed coverage on Matador Resources in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Wells Fargo & Company decreased their target price on shares of Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Stephens raised their price target on shares of Matador Resources from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. TD Cowen upped their price objective on shares of Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Capital One Financial upgraded Matador Resources from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $80.00 to $84.00 in a research report on Thursday, July 25th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $75.31.

View Our Latest Analysis on Matador Resources

Insider Transactions at Matador Resources

In other Matador Resources news, Director Robert Gaines Baty acquired 500 shares of the business’s stock in a transaction on Friday, September 13th. The stock was bought at an average price of $50.58 per share, for a total transaction of $25,290.00. Following the acquisition, the director now owns 67,617 shares in the company, valued at approximately $3,420,067.86. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Robert Gaines Baty bought 500 shares of the company’s stock in a transaction on Friday, September 13th. The stock was bought at an average cost of $50.58 per share, for a total transaction of $25,290.00. Following the acquisition, the director now directly owns 67,617 shares in the company, valued at $3,420,067.86. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bryan A. Erman bought 1,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $50.35 per share, with a total value of $50,350.00. Following the completion of the purchase, the executive vice president now directly owns 2,750 shares in the company, valued at approximately $138,462.50. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 12,300 shares of company stock valued at $634,615. Corporate insiders own 6.10% of the company’s stock.

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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