6,651 Shares in Matador Resources (NYSE:MTDR) Acquired by Bayesian Capital Management LP

Bayesian Capital Management LP purchased a new stake in Matador Resources (NYSE:MTDR - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,651 shares of the energy company's stock, valued at approximately $374,000.

Several other hedge funds have also recently bought and sold shares of MTDR. Altshuler Shaham Ltd acquired a new stake in shares of Matador Resources during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC grew its stake in Matador Resources by 108.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock worth $28,000 after buying an additional 256 shares during the last quarter. TCTC Holdings LLC raised its stake in shares of Matador Resources by 53.8% in the fourth quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock valued at $28,000 after acquiring an additional 175 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Matador Resources by 68.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock worth $29,000 after acquiring an additional 207 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its position in Matador Resources by 359.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock worth $33,000 after acquiring an additional 453 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Matador Resources

In related news, CEO Joseph Wm Foran purchased 2,500 shares of the business's stock in a transaction on Monday, May 5th. The shares were purchased at an average price of $39.93 per share, with a total value of $99,825.00. Following the completion of the purchase, the chief executive officer now owns 58,256 shares in the company, valued at $2,326,162.08. This represents a 4.48 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul W. Harvey acquired 600 shares of the stock in a transaction dated Friday, February 21st. The shares were bought at an average cost of $55.20 per share, with a total value of $33,120.00. Following the transaction, the director now directly owns 27,917 shares of the company's stock, valued at $1,541,018.40. This represents a 2.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 33,400 shares of company stock valued at $1,590,704. Company insiders own 6.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MTDR. Wells Fargo & Company cut their price objective on Matador Resources from $86.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Morgan Stanley cut their price target on Matador Resources from $84.00 to $68.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Stephens decreased their price objective on shares of Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price objective on shares of Matador Resources from $65.00 to $61.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Benchmark reiterated a "buy" rating and set a $62.00 target price on shares of Matador Resources in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $70.33.

Matador Resources Price Performance

Matador Resources stock opened at $40.01 on Thursday. The firm has a market capitalization of $5.01 billion, a P/E ratio of 5.60 and a beta of 1.47. The business has a 50-day moving average of $44.46 and a 200-day moving average of $52.69. 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 has a 1 year low of $35.19 and a 1 year high of $66.89.

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

Matador Resources declared that its board has initiated a share buyback program on Wednesday, April 23rd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the energy company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.25 annualized dividend and a yield of 3.12%. Matador Resources's dividend payout ratio is presently 16.78%.

Matador Resources 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.

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