Matador Resources Company (NYSE:MTDR) Shares Purchased by Fiera Capital Corp

Fiera Capital Corp raised its holdings in shares of Matador Resources Company (NYSE:MTDR) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,077 shares of the energy company’s stock after purchasing an additional 1,034 shares during the period. Fiera Capital Corp’s holdings in Matador Resources were worth $3,120,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MTDR. D.A. Davidson & CO. acquired a new stake in Matador Resources in the first quarter worth about $263,000. GAMMA Investing LLC lifted its position in Matador Resources by 42.8% in the 1st quarter. GAMMA Investing LLC now owns 2,698 shares of the energy company’s stock worth $138,000 after buying an additional 809 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Matador Resources in the 1st quarter worth approximately $885,000. Delphi Management Inc. MA increased its holdings in Matador Resources by 118.6% in the first quarter. Delphi Management Inc. MA now owns 23,302 shares of the energy company’s stock worth $1,190,000 after buying an additional 12,642 shares during the last quarter. Finally, OneDigital Investment Advisors LLC acquired a new position in Matador Resources in the first quarter worth approximately $200,000. Institutional investors own 91.98% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Joseph Wm Foran bought 2,500 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was purchased at an average cost of $39.63 per share, for a total transaction of $99,075.00. Following the completion of the transaction, the chief executive officer owned 60,756 shares of the company’s stock, valued at $2,407,760.28. This trade represents a 4.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders bought 5,300 shares of company stock valued at $210,993 over the last quarter. Company insiders own 5.80% of the company’s stock.

Matador Resources Trading Down 2.1%

NYSE MTDR opened at $51.28 on Thursday. Matador Resources Company has a 52 week low of $35.19 and a 52 week high of $64.04. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 7.51 and a beta of 1.46. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.81 and a current ratio of 0.85. The stock’s 50 day moving average price is $48.86 and its two-hundred day moving average price is $49.35.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, July 22nd. The energy company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.24. Matador Resources had a return on equity of 16.53% and a net margin of 22.57%. The firm had revenue of $895.31 million for the quarter, compared to analyst estimates of $892.86 million. During the same period in the prior year, the firm posted $2.05 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, analysts anticipate that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources declared that its Board of Directors has initiated a share buyback program on Wednesday, April 23rd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the energy company to purchase up to 7.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Matador Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 2.44%. The ex-dividend date is Friday, August 15th. Matador Resources’s dividend payout ratio (DPR) is presently 18.30%.

Analyst Ratings Changes

Several equities analysts have commented on MTDR shares. Mizuho lowered their price target on Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, May 13th. Bank of America initiated coverage on Matador Resources in a report on Monday, May 19th. They set a “buy” rating and a $56.00 price objective for the company. KeyCorp lifted their price target on Matador Resources from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. UBS Group lifted their price objective on Matador Resources from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. lowered their price objective on Matador Resources from $65.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Matador Resources has an average rating of “Moderate Buy” and an average price target of $68.27.

About Matador Resources

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.