Jupiter Asset Management Ltd. Makes New $317,000 Investment in Matador Resources Company (NYSE:MTDR)

Jupiter Asset Management Ltd. bought a new position in shares of Matador Resources Company (NYSE:MTDR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,205 shares of the energy company's stock, valued at approximately $317,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. acquired a new stake in Matador Resources during the first quarter worth $263,000. GAMMA Investing LLC increased its stake in Matador Resources by 42.8% during the first quarter. GAMMA Investing LLC now owns 2,698 shares of the energy company's stock worth $138,000 after acquiring an additional 809 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Matador Resources during the first quarter worth $885,000. Delphi Management Inc. MA increased its stake in Matador Resources by 118.6% during the first quarter. Delphi Management Inc. MA now owns 23,302 shares of the energy company's stock worth $1,190,000 after acquiring an additional 12,642 shares during the last quarter. Finally, OneDigital Investment Advisors LLC acquired a new stake in Matador Resources during the first quarter worth $200,000. Institutional investors and hedge funds own 91.98% of the company's stock.

Insider Transactions at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran purchased 2,500 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was bought at an average cost of $39.63 per share, with a total value of $99,075.00. Following the acquisition, the chief executive officer directly owned 60,756 shares of the company's stock, valued at approximately $2,407,760.28. This represents a 4.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.80% of the stock is owned by company insiders.

Matador Resources Trading Down 0.3%

NYSE:MTDR opened at $47.65 on Tuesday. The firm has a market cap of $5.93 billion, a PE ratio of 6.98 and a beta of 1.49. 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 stock has a fifty day moving average price of $49.16 and a 200 day moving average price of $48.85. Matador Resources Company has a 12-month low of $35.19 and a 12-month high of $64.04.

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

Matador Resources announced that its board has authorized a stock buyback plan on Wednesday, April 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the energy company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

Matador Resources Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America assumed coverage on Matador Resources in a research note on Monday, May 19th. They issued a "buy" rating and a $56.00 price objective for the company. Royal Bank Of Canada dropped their price objective on Matador Resources from $70.00 to $62.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company dropped their price objective on Matador Resources from $80.00 to $74.00 and set an "overweight" rating for the company in a research note on Monday, June 16th. Raymond James Financial lifted their price objective on Matador Resources from $60.00 to $63.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, UBS Group lifted their price objective on Matador Resources from $46.00 to $48.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $68.00.

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.

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