Dimensional Fund Advisors LP Boosts Stake in Matador Resources Company $MTDR

Key Points

• Dimensional Fund Advisors LP increased its stake in Matador Resources Company to 5,464,857 shares, valued at approximately $279.19 million, reflecting a 0.4% boost during the 1st quarter.
• Matador Resources reported $1.53 earnings per share (EPS) for the last quarter, exceeding estimates of $1.29, while also experiencing an 8.2% year-over-year revenue increase to $895.31 million.
• The company declared a quarterly dividend of $0.3125 per share, with a total annualized dividend yield of 2.7% and a payout ratio of 18.30%.

Dimensional Fund Advisors LP boosted its stake in Matador Resources Company (NYSE:MTDR - Free Report) by 0.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,464,857 shares of the energy company's stock after buying an additional 20,134 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.36% of Matador Resources worth $279,192,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Concurrent Investment Advisors LLC boosted its position in shares of Matador Resources by 0.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 55,482 shares of the energy company's stock valued at $2,835,000 after acquiring an additional 244 shares during the last quarter. State of Wyoming increased its stake in shares of Matador Resources by 11.6% during the fourth quarter. State of Wyoming now owns 2,772 shares of the energy company's stock valued at $156,000 after buying an additional 288 shares during the period. State of Michigan Retirement System boosted its holdings in Matador Resources by 1.1% in the first quarter. State of Michigan Retirement System now owns 27,800 shares of the energy company's stock worth $1,420,000 after acquiring an additional 300 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Matador Resources by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the energy company's stock worth $1,660,000 after acquiring an additional 300 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Matador Resources by 3.2% in the first quarter. Janney Montgomery Scott LLC now owns 10,868 shares of the energy company's stock worth $555,000 after acquiring an additional 340 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MTDR shares. TD Cowen raised Matador Resources to a "strong-buy" rating in a report on Monday, July 7th. UBS Group lowered their price target on Matador Resources from $49.00 to $48.00 and set a "neutral" rating on the stock in a report on Wednesday. Wells Fargo & Company lowered their target price on Matador Resources from $80.00 to $74.00 and set an "overweight" rating on the stock in a report on Monday, June 16th. Bank of America began coverage on Matador Resources in a report on Monday, May 19th. They issued a "buy" rating and a $56.00 target price on the stock. Finally, Raymond James Financial lifted their target price on Matador Resources from $60.00 to $63.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $67.60.

Insider Transactions at Matador Resources

In other news, CEO Joseph Wm Foran purchased 2,000 shares of the stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $46.25 per share, for a total transaction of $92,500.00. Following the completion of the transaction, the chief executive officer directly owned 8,606 shares in the company, valued at approximately $398,027.50. This represents a 30.28% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 5.80% of the stock is currently owned by company insiders.

Matador Resources Stock Up 4.3%

Shares of MTDR traded up $2.0150 during trading hours on Friday, hitting $48.3550. The company had a trading volume of 269,171 shares, compared to its average volume of 1,701,872. Matador Resources Company has a one year low of $35.19 and a one year high of $64.04. The company's fifty day moving average price is $49.47 and its two-hundred day moving average price is $47.77. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $6.02 billion, a PE ratio of 7.10 and a beta of 1.49.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The energy company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.24. The company had revenue of $895.31 million for 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%. Matador Resources's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 EPS. As a group, equities analysts forecast that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.25 annualized dividend and a yield of 2.6%. Matador Resources's dividend payout ratio (DPR) is 18.30%.

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.