Matador Resources (NYSE:MTDR) Shares Bought by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC increased its position in Matador Resources (NYSE:MTDR) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,741 shares of the energy company’s stock after buying an additional 315 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Matador Resources were worth $481,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Boston Trust Walden Corp purchased a new stake in shares of Matador Resources during the third quarter valued at $51,788,000. Element Capital Management LLC purchased a new stake in Matador Resources during the first quarter valued at about $28,572,000. Dimensional Fund Advisors LP boosted its holdings in shares of Matador Resources by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock worth $282,196,000 after buying an additional 356,506 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Matador Resources in the second quarter worth approximately $18,747,000. Finally, Yaupon Capital Management LP acquired a new stake in shares of Matador Resources during the first quarter valued at approximately $17,874,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Stock Down 2.2 %

Shares of MTDR opened at $50.69 on Tuesday. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08. The firm has a market capitalization of $6.33 billion, a P/E ratio of 6.71 and a beta of 3.26. The company has a 50-day simple moving average of $52.61 and a 200-day simple moving average of $57.91. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.88.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.11. The company had revenue of $770.20 million for the quarter, compared to analyst estimates of $836.69 million. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. Matador Resources’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 EPS. On average, equities research analysts expect that Matador Resources will post 7.42 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.97%. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources’s dividend payout ratio (DPR) is presently 10.60%.

Wall Street Analysts Forecast Growth

MTDR has been the topic of several recent analyst reports. Stephens boosted their target price on shares of Matador Resources from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Benchmark reissued a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research report on Wednesday, October 23rd. Mizuho decreased their price objective on Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. TD Cowen upped their target price on Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Matador Resources from $83.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $75.31.

Insider Activity

In other Matador Resources news, CAO Robert T. Macalik purchased 500 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $54.50 per share, with a total value of $27,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 29,300 shares of the company’s stock, valued at approximately $1,596,850. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Bryan A. Erman bought 1,000 shares of Matador Resources stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $50.35 per share, for a total transaction of $50,350.00. Following the purchase, the executive vice president now owns 2,750 shares of the company’s stock, valued at approximately $138,462.50. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Robert T. Macalik bought 500 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average price of $54.50 per share, with a total value of $27,250.00. Following the transaction, the chief accounting officer now directly owns 29,300 shares in the company, valued at $1,596,850. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 12,300 shares of company stock worth $634,615. Corporate insiders own 6.10% of the company’s stock.

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.