Dynamic Technology Lab Private Ltd Takes Position in Matador Resources Company $MTDR

Key Points

• Dynamic Technology Lab Private Ltd acquired 33,510 shares of Matador Resources Company, valued at approximately $1.7 million, in the first quarter.
• Matador Resources has recently announced a quarterly dividend of $0.3125 per share, with a yield of 2.6% and a payout ratio of 18.3%.
• The company's stock trades at $48.10, with a 52-week range between $35.19 and $64.04, and it reported quarterly earnings with an EPS of $1.53.

Dynamic Technology Lab Private Ltd bought a new position in shares of Matador Resources Company (NYSE:MTDR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,510 shares of the energy company's stock, valued at approximately $1,712,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors increased its stake in 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 purchasing an additional 1,829 shares in the last quarter. Cetera Investment Advisers boosted its position in 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. GeoSphere Capital Management LLC purchased a new position in shares of Matador Resources in the fourth quarter valued at $2,138,000. Jacobs Levy Equity Management Inc. increased its holdings in Matador Resources by 114.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 24,412 shares of the energy company's stock worth $1,373,000 after acquiring an additional 13,040 shares during the period. Finally, Merewether Investment Management LP bought a new stake in shares of Matador Resources during the 4th quarter valued at about $15,701,000. Institutional investors own 91.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. William Blair assumed coverage on shares of Matador Resources in a research report on Monday, August 25th. They set an "outperform" rating on the stock. UBS Group dropped their target price on shares of Matador Resources from $49.00 to $48.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. Morgan Stanley lifted their price target on Matador Resources from $60.00 to $62.00 and gave the company an "equal weight" rating in a research report on Monday, August 18th. TD Cowen upgraded shares of Matador Resources to a "strong-buy" rating in a report on Monday, July 7th. Finally, Bank of America assumed coverage on Matador Resources in a report on Monday, May 19th. They set a "buy" rating and a $56.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.53.

Insiders Place Their Bets

In other Matador Resources news, CEO Joseph Wm Foran bought 2,000 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were bought at an average cost of $46.25 per share, for a total transaction of $92,500.00. Following the acquisition, the chief executive officer directly owned 8,606 shares in the company, valued at approximately $398,027.50. The trade was a 30.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.80% of the stock is currently owned by company insiders.

Matador Resources Price Performance

Matador Resources stock traded up $2.10 during midday trading on Wednesday, reaching $49.36. 1,169,606 shares of the stock traded hands, compared to its average volume of 1,256,241. The stock's fifty day moving average is $49.34 and its 200-day moving average is $46.99. Matador Resources Company has a 12 month low of $35.19 and a 12 month high of $64.04. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. The stock has a market cap of $6.14 billion, a P/E ratio of 6.53 and a beta of 1.49.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The energy company reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.24. The firm had revenue of $895.31 million during the quarter, compared to the consensus estimate of $892.86 million. Matador Resources had a net margin of 22.57% and a return on equity of 16.53%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 EPS. As a group, equities research analysts anticipate that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a dividend of $0.3125 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.5%. Matador Resources's dividend payout ratio (DPR) is 18.30%.

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.