Quantinno Capital Management LP Acquires 3,761 Shares of Matador Resources (NYSE:MTDR)

Quantinno Capital Management LP lifted its holdings in shares of Matador Resources (NYSE:MTDR) by 96.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,670 shares of the energy company’s stock after acquiring an additional 3,761 shares during the quarter. Quantinno Capital Management LP’s holdings in Matador Resources were worth $379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of MTDR. Denver PWM LLC bought a new stake in shares of Matador Resources during the second quarter valued at about $27,000. True Wealth Design LLC bought a new position in shares of Matador Resources in the third quarter valued at approximately $37,000. Quarry LP grew its stake in Matador Resources by 47.5% during the second quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after acquiring an additional 251 shares in the last quarter. Avior Wealth Management LLC increased its holdings in Matador Resources by 329.0% during the 3rd quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock worth $41,000 after acquiring an additional 635 shares during the period. Finally, Covestor Ltd lifted its stake in Matador Resources by 154.8% in the 3rd quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock worth $52,000 after purchasing an additional 644 shares in the last quarter. 91.98% of the stock is owned by institutional investors.

Matador Resources Stock Down 0.5 %

Shares of NYSE:MTDR opened at $56.69 on Monday. The stock has a market capitalization of $7.07 billion, a P/E ratio of 7.51 and a beta of 3.26. The stock’s 50-day moving average price is $55.51 and its 200-day moving average price is $56.31. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. Matador Resources has a 12-month low of $47.15 and a 12-month high of $71.08.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.11. The business 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 period last year, the company earned $1.86 EPS. On average, equities analysts anticipate that Matador Resources will post 7.49 earnings per share for the current year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.76%. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, November 15th. Matador Resources’s payout ratio is presently 13.25%.

Insider Buying and Selling

In other Matador Resources news, EVP Glenn W. Stetson purchased 1,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was acquired at an average price of $51.33 per share, with a total value of $51,330.00. Following the transaction, the executive vice president now directly owns 85,935 shares of the company’s stock, valued at approximately $4,411,043.55. This trade represents a 1.18 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph Wm Foran acquired 2,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was acquired at an average price of $55.18 per share, for a total transaction of $110,360.00. Following the completion of the transaction, the chief executive officer now owns 42,251 shares in the company, valued at approximately $2,331,410.18. The trade was a 4.97 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 3,305 shares of company stock valued at $177,221 over the last three months. 6.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Truist Financial reduced their price target on shares of Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, September 30th. JPMorgan Chase & Co. reduced their target price on Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Mizuho lowered their price target on Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Benchmark reissued a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company lowered their target price on shares of Matador Resources from $89.00 to $87.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Matador Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.08.

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.