Two Sigma Investments LP Acquires 4,324 Shares of Matador Resources (NYSE:MTDR)

Two Sigma Investments LP grew its stake in Matador Resources (NYSE:MTDR) by 16.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,916 shares of the energy company’s stock after purchasing an additional 4,324 shares during the quarter. Two Sigma Investments LP’s holdings in Matador Resources were worth $1,683,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Altshuler Shaham Ltd acquired a new position in shares of Matador Resources in the fourth quarter valued at approximately $25,000. TCTC Holdings LLC lifted its position in Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after acquiring an additional 175 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Matador Resources by 108.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after purchasing an additional 256 shares during the period. SRS Capital Advisors Inc. boosted its position in shares of Matador Resources by 359.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company’s stock worth $33,000 after buying an additional 453 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in shares of Matador Resources by 90.2% during the fourth quarter. First Horizon Advisors Inc. now owns 858 shares of the energy company’s stock worth $48,000 after buying an additional 407 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Raymond James cut their target price on shares of Matador Resources from $77.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, March 10th. Bank of America began coverage on shares of Matador Resources in a research report on Monday, May 19th. They set a “buy” rating and a $56.00 price target on the stock. Mizuho dropped their price objective on Matador Resources from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, May 13th. Morgan Stanley decreased their price objective on shares of Matador Resources from $84.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. Finally, Stephens reduced their price target on shares of Matador Resources from $90.00 to $86.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.44.

Matador Resources Trading Up 1.2%

NYSE:MTDR opened at $43.51 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. The firm’s fifty day moving average is $42.68 and its 200-day moving average is $51.43. Matador Resources has a 52 week low of $35.19 and a 52 week high of $66.89. The firm has a market cap of $5.45 billion, a P/E ratio of 6.09 and a beta of 1.47.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.25. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $980.87 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.71 EPS. Equities analysts expect that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be paid a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Friday, May 9th. Matador Resources’s dividend payout ratio (DPR) is currently 16.78%.

Matador Resources announced that its Board of Directors has approved a stock repurchase program on Wednesday, April 23rd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the energy company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Matador Resources

In other news, EVP William Thomas Elsener bought 750 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The shares were bought at an average cost of $40.10 per share, for a total transaction of $30,075.00. Following the acquisition, the executive vice president now directly owns 111,197 shares in the company, valued at approximately $4,458,999.70. This trade represents a 0.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robert T. Macalik bought 1,200 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $47.98 per share, with a total value of $57,576.00. Following the completion of the transaction, the chief accounting officer now owns 31,000 shares of the company’s stock, valued at $1,487,380. This represents a 4.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 18,850 shares of company stock valued at $785,324. Corporate insiders own 6.10% of the company’s stock.

Matador Resources Company 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.