Inscription Capital LLC Invests $255,000 in Matador Resources Company (NYSE:MTDR)

Inscription Capital LLC purchased a new stake in shares of Matador Resources Company (NYSE:MTDR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,000 shares of the energy company's stock, valued at approximately $255,000.

Several other institutional investors also recently bought and sold shares of MTDR. LSV Asset Management raised its position 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 during the period. Webs Creek Capital Management LP bought a new position in Matador Resources in the 4th quarter worth $37,894,000. Alliancebernstein L.P. raised its holdings 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 period. Raymond James Financial Inc. bought a new position in Matador Resources in the 4th quarter worth $22,509,000. Finally, Balyasny Asset Management L.P. raised its holdings in Matador Resources by 101.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 734,626 shares of the energy company's stock worth $41,330,000 after acquiring an additional 370,388 shares during the period. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Stock Performance

Matador Resources stock traded up $0.40 on Friday, hitting $51.47. The company's stock had a trading volume of 1,802,344 shares, compared to its average volume of 1,618,092. The firm has a market cap of $6.44 billion, a P/E ratio of 6.91 and a beta of 1.46. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average price of $44.06 and a 200-day moving average price of $50.46. Matador Resources Company has a one year low of $35.19 and a one year high of $66.89.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.25. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $980.87 million. Matador Resources had a net margin of 24.97% and a return on equity of 18.45%. The business's revenue for the quarter was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.71 EPS. On average, equities analysts anticipate that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 9th were paid a $0.3125 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.25 dividend on an annualized basis and a yield of 2.43%. Matador Resources's payout ratio is currently 16.78%.

Matador Resources announced that its Board of Directors has authorized a stock buyback program on Wednesday, April 23rd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the energy company to purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Royal Bank Of Canada dropped their price objective 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. Stephens dropped their price objective on Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Morgan Stanley dropped their price target on Matador Resources from $84.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. KeyCorp dropped their price target 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. Finally, UBS Group began coverage on Matador Resources in a research report on Tuesday, April 22nd. They issued a "neutral" rating and a $47.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.06.

Insider Activity

In other news, EVP William Thomas Elsener bought 750 shares of the stock in a transaction dated Thursday, May 1st. The shares were acquired at an average price of $40.10 per share, with a total value of $30,075.00. Following the acquisition, the executive vice president now owns 111,197 shares in the company, valued at $4,458,999.70. This trade represents a 0.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph Wm Foran bought 5,000 shares of the stock in a transaction dated Tuesday, April 29th. The stock was purchased at an average cost of $40.86 per share, for a total transaction of $204,300.00. Following the acquisition, the chief executive officer now owns 50,756 shares in the company, valued at $2,073,890.16. The trade was a 10.93% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 14,850 shares of company stock worth $601,103. Company insiders own 5.80% 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.