Brevan Howard Capital Management LP Purchases 10,740 Shares of Matador Resources (NYSE:MTDR)

Brevan Howard Capital Management LP boosted its stake in shares of Matador Resources (NYSE:MTDR - Free Report) by 48.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,721 shares of the energy company's stock after purchasing an additional 10,740 shares during the period. Brevan Howard Capital Management LP's holdings in Matador Resources were worth $1,841,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Matador Resources by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 12,555,553 shares of the energy company's stock valued at $706,375,000 after acquiring an additional 187,633 shares during the period. Dimensional Fund Advisors LP grew its holdings in Matador Resources by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,444,723 shares of the energy company's stock valued at $306,313,000 after buying an additional 30,184 shares in the last quarter. Alliancebernstein L.P. increased its stake in Matador Resources by 25.9% in the 4th quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company's stock worth $151,824,000 after acquiring an additional 555,245 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Matador Resources by 18.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,669,957 shares of the energy company's stock valued at $93,952,000 after acquiring an additional 258,958 shares during the last quarter. Finally, LSV Asset Management grew its holdings in shares of Matador Resources by 262.0% in the fourth quarter. LSV Asset Management now owns 1,517,308 shares of the energy company's stock valued at $85,364,000 after purchasing an additional 1,098,108 shares in the last quarter. Institutional investors own 91.98% of the company's stock.

Matador Resources Stock Up 3.9%

MTDR stock traded up $1.69 during trading on Monday, hitting $44.44. 547,342 shares of the company's stock were exchanged, compared to its average volume of 1,613,722. 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 52-week low of $35.19 and a 52-week high of $66.89. The business has a 50-day moving average price of $44.28 and a two-hundred day moving average price of $52.59. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 6.23 and a beta of 1.47.

Matador Resources (NYSE:MTDR - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $980.87 million. During the same quarter last year, the business posted $1.71 EPS. The firm's quarterly revenue was up 28.7% compared to the same quarter last year. As a group, equities research analysts expect that Matador Resources will post 8.53 EPS for the current year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 9th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.81%. Matador Resources's payout ratio is 16.78%.

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

Wall Street Analysts Forecast Growth

MTDR has been the subject of several research reports. 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. KeyCorp dropped their target price on Matador Resources from $72.00 to $60.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Morgan Stanley lowered their target price on shares of Matador Resources from $84.00 to $68.00 and set an "equal weight" rating for the company in a research note 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 for the company in a research report on Tuesday, April 15th. Finally, Royal Bank of Canada dropped their price target on Matador Resources from $70.00 to $62.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Matador Resources currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.33.

Insiders Place Their Bets

In other news, CEO Joseph Wm Foran acquired 2,500 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were purchased at an average price of $39.63 per share, for a total transaction of $99,075.00. Following the completion of the purchase, the chief executive officer now directly owns 60,756 shares of the company's stock, valued at $2,407,760.28. This represents a 4.29% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul W. Harvey bought 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 completion of the acquisition, the director now directly owns 27,917 shares of the company's stock, valued at approximately $1,541,018.40. The trade was a 2.20% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 36,200 shares of company stock worth $1,701,872. 6.10% of the stock is owned by corporate insiders.

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.