Caption Management LLC Invests $607,000 in Matador Resources (NYSE:MTDR)

Caption Management LLC acquired a new stake in shares of Matador Resources (NYSE:MTDR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,786 shares of the energy company's stock, valued at approximately $607,000.

Other large investors have also recently bought and sold shares of the company. Cetera Investment Advisers raised its position in shares of Matador Resources by 24.0% during the fourth quarter. Cetera Investment Advisers now owns 8,070 shares of the energy company's stock worth $454,000 after purchasing an additional 1,562 shares during the period. Cercano Management LLC acquired a new stake in Matador Resources during the 4th quarter worth approximately $3,183,000. BOKF NA raised its holdings in Matador Resources by 58,158.1% during the 4th quarter. BOKF NA now owns 50,102 shares of the energy company's stock worth $3,069,000 after buying an additional 50,016 shares during the period. Brevan Howard Capital Management LP lifted its stake in Matador Resources by 48.9% in the fourth quarter. Brevan Howard Capital Management LP now owns 32,721 shares of the energy company's stock valued at $1,841,000 after buying an additional 10,740 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Matador Resources by 4.1% in the fourth quarter. Captrust Financial Advisors now owns 46,298 shares of the energy company's stock valued at $2,605,000 after buying an additional 1,829 shares during the period. Institutional investors own 91.98% of the company's stock.

Matador Resources Stock Performance

NYSE:MTDR traded up $0.06 on Friday, hitting $42.73. The company's stock had a trading volume of 1,702,564 shares, compared to its average volume of 1,614,228. Matador Resources has a one year low of $35.19 and a one year high of $66.89. The firm has a market capitalization of $5.35 billion, a P/E ratio of 5.98 and a beta of 1.47. The stock has a fifty day moving average of $44.28 and a two-hundred day moving average of $52.58. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61.

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

Matador Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 9th will be issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, May 9th. Matador Resources's payout ratio is 16.78%.

Matador Resources announced that its board has authorized a share repurchase plan on Wednesday, April 23rd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the energy company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

MTDR has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price target on Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Benchmark reaffirmed a "buy" rating and set a $62.00 price target on shares of Matador Resources in a research report on Friday, January 17th. KeyCorp decreased their price target on shares of Matador Resources from $72.00 to $60.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. UBS Group started coverage on shares of Matador Resources in a research report on Tuesday, April 22nd. They issued a "neutral" rating and a $47.00 price objective on the stock. Finally, Raymond James decreased 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 report on Monday, March 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $70.33.

Insider Buying and Selling

In other Matador Resources news, EVP Glenn W. Stetson bought 1,000 shares of Matador Resources stock in a transaction dated Friday, February 21st. The stock was bought at an average price of $53.06 per share, with a total value of $53,060.00. Following the completion of the transaction, the executive vice president now owns 91,680 shares in the company, valued at $4,864,540.80. The trade was a 1.10 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Joseph Wm Foran purchased 6,000 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of $53.94 per share, for a total transaction of $323,640.00. Following the completion of the transaction, the chief executive officer now owns 39,379 shares of the company's stock, valued at $2,124,103.26. This trade represents a 17.98 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 36,200 shares of company stock valued at $1,701,872. Company 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.