Penserra Capital Management LLC Buys 7,369 Shares of Matador Resources Company (NYSE:MTDR)

Penserra Capital Management LLC increased its stake in Matador Resources Company (NYSE:MTDR - Free Report) by 89.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,570 shares of the energy company's stock after purchasing an additional 7,369 shares during the quarter. Penserra Capital Management LLC's holdings in Matador Resources were worth $795,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. LSV Asset Management grew its stake in Matador Resources by 262.0% during the 4th quarter. LSV Asset Management now owns 1,517,308 shares of the energy company's stock valued at $85,364,000 after acquiring an additional 1,098,108 shares in the last quarter. Webs Creek Capital Management LP purchased a new position in Matador Resources during the 4th quarter valued at about $37,894,000. Alliancebernstein L.P. grew its stake in Matador Resources by 25.9% during the 4th quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company's stock valued at $151,824,000 after acquiring an additional 555,245 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Matador Resources in the 4th quarter valued at approximately $22,509,000. Finally, Balyasny Asset Management L.P. grew its stake in shares of 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 valued at $41,330,000 after buying an additional 370,388 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company's stock.

Matador Resources Stock Performance

Shares of MTDR stock traded up $0.42 during trading hours on Friday, reaching $52.47. 1,528,675 shares of the company's stock were exchanged, compared to its average volume of 1,565,924. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $66.89. The stock has a market capitalization of $6.57 billion, a P/E ratio of 7.04 and a beta of 1.46. The business has a fifty day moving average price of $46.84 and a 200-day moving average price of $49.92. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 0.56.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The energy company reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.25. Matador Resources had a return on equity of 18.45% and a net margin of 24.97%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $980.87 million. During the same period in the previous year, the company earned $1.71 earnings per share. The company's quarterly revenue was up 28.7% compared to the same quarter last year. Analysts predict that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Announces Dividend

The company 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 of this dividend was Friday, May 9th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.38%. Matador Resources's payout ratio is 16.78%.

Matador Resources declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the energy company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

MTDR has been the subject of several recent research reports. UBS Group initiated coverage on Matador Resources in a research note on Tuesday, April 22nd. They issued a "neutral" rating and a $47.00 price target for the company. Morgan Stanley lowered their price target on 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. JPMorgan Chase & Co. lowered their price target on Matador Resources from $65.00 to $61.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. KeyCorp lowered their price target on Matador Resources from $72.00 to $60.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Finally, Wells Fargo & Company lowered their price target 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. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy 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 $69.06.

Insiders Place Their Bets

In other news, COO Christopher P. Calvert bought 1,500 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was acquired at an average cost of $41.13 per share, for a total transaction of $61,695.00. Following the completion of the purchase, the chief operating officer owned 36,500 shares of the company's stock, valued at $1,501,245. This trade represents a 4.29% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Van H. Singleton II bought 1,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was purchased at an average price of $40.72 per share, with a total value of $40,720.00. Following the completion of the purchase, the insider directly owned 291,135 shares of the company's stock, valued at $11,855,017.20. This represents a 0.34% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 14,850 shares of company stock valued at $601,103 in the last ninety days. 5.80% of the stock is currently owned by insiders.

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.