Dimensional Fund Advisors LP Purchases 259,299 Shares of Matador Resources Company $MTDR

Dimensional Fund Advisors LP raised its position in Matador Resources Company (NYSE:MTDR) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,411,520 shares of the energy company’s stock after acquiring an additional 259,299 shares during the period. Dimensional Fund Advisors LP owned about 5.16% of Matador Resources worth $288,079,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cresset Asset Management LLC raised its stake in shares of Matador Resources by 13.7% in the third quarter. Cresset Asset Management LLC now owns 9,957 shares of the energy company’s stock valued at $447,000 after purchasing an additional 1,200 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Matador Resources by 5.7% during the third quarter. First Eagle Investment Management LLC now owns 298,451 shares of the energy company’s stock worth $13,409,000 after buying an additional 16,161 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in Matador Resources by 2.2% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 731,572 shares of the energy company’s stock valued at $32,870,000 after buying an additional 15,802 shares during the period. 111 Capital bought a new stake in Matador Resources in the 3rd quarter valued at $278,000. Finally, Royce & Associates LP raised its stake in shares of Matador Resources by 4.1% in the 3rd quarter. Royce & Associates LP now owns 297,552 shares of the energy company’s stock valued at $13,369,000 after buying an additional 11,751 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.

Matador Resources Price Performance

NYSE:MTDR opened at $56.37 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.79 and a debt-to-equity ratio of 0.57. The firm has a market cap of $7.00 billion, a PE ratio of 9.24 and a beta of 1.07. Matador Resources Company has a 12 month low of $35.19 and a 12 month high of $56.55. The company’s 50-day moving average price is $46.20 and its two-hundred day moving average price is $44.73.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, February 24th. The energy company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.16. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%. The company had revenue of $847.99 million during the quarter, compared to analyst estimates of $811.13 million. During the same quarter last year, the business posted $1.83 earnings per share. The company’s revenue was down 15.7% on a year-over-year basis. On average, equities analysts anticipate that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 27th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. Matador Resources’s dividend payout ratio (DPR) is currently 24.59%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Matador Resources in a report on Friday, January 9th. KeyCorp reissued an “overweight” rating on shares of Matador Resources in a research note on Friday, December 19th. Morgan Stanley cut their price target on shares of Matador Resources from $56.00 to $52.00 and set an “equal weight” rating for the company in a research note on Friday, January 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Matador Resources in a report on Thursday, December 18th. Finally, Wells Fargo & Company lowered Matador Resources from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $61.00 to $47.00 in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.82.

About Matador Resources

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.