Matador Resources Company (NYSE:MTDR) Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Matador Resources by 21.5% in the 1st quarter, owning about 0.13% of the company, valued at approximately $8.3 million.
• Matador Resources has received mixed analyst ratings, with price targets ranging from $48 to $74, and a consensus rating of "Moderate Buy" from analysts.
• The company recently declared a quarterly dividend of $0.3125 per share, indicating a yield of 2.46%, and also authorized a $400 million share buyback plan.

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Matador Resources Company (NYSE:MTDR - Free Report) by 21.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 162,568 shares of the energy company's stock after acquiring an additional 28,750 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.13% of Matador Resources worth $8,306,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in Matador Resources during the fourth quarter worth approximately $25,000. Opal Wealth Advisors LLC purchased a new position in shares of Matador Resources in the 1st quarter worth $28,000. Rakuten Securities Inc. raised its position in shares of Matador Resources by 9,090.9% in the 1st quarter. Rakuten Securities Inc. now owns 1,011 shares of the energy company's stock worth $52,000 after buying an additional 1,000 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in Matador Resources in the fourth quarter valued at $68,000. Finally, Huntington National Bank grew its position in Matador Resources by 43.6% during the fourth quarter. Huntington National Bank now owns 1,578 shares of the energy company's stock valued at $89,000 after acquiring an additional 479 shares during the period. Hedge funds and other institutional investors own 91.98% of the company's stock.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was acquired at an average price of $40.86 per share, with a total value of $204,300.00. Following the transaction, the chief executive officer directly owned 50,756 shares in the company, valued at approximately $2,073,890.16. This represents a 10.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Van H. Singleton II bought 1,000 shares of the business's stock in a transaction on Thursday, May 1st. The stock was acquired at an average cost of $40.72 per share, for a total transaction of $40,720.00. Following the acquisition, the insider directly owned 291,135 shares of the company's stock, valued at $11,855,017.20. The trade was a 0.34% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 13,850 shares of company stock valued at $559,573. Corporate insiders own 5.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MTDR. Royal Bank Of Canada cut their price objective on Matador Resources from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Mizuho cut their price target on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. TD Cowen raised shares of Matador Resources to a "strong-buy" rating in a research report on Monday, July 7th. Wells Fargo & Company dropped their price objective on shares of Matador Resources from $80.00 to $74.00 and set an "overweight" rating for the company in a research report on Monday, June 16th. Finally, Stephens reduced their target price on shares of Matador Resources from $90.00 to $86.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $68.27.

Matador Resources Stock Up 3.4%

NYSE MTDR traded up $1.75 during trading hours on Monday, reaching $52.54. 1,396,614 shares of the company traded hands, compared to its average volume of 1,719,284. The stock has a market capitalization of $6.58 billion, a PE ratio of 7.69 and a beta of 1.46. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.57. Matador Resources Company has a 12 month low of $35.19 and a 12 month high of $64.04. The company has a 50 day moving average of $48.38 and a two-hundred day moving average of $49.37.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The energy company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.24. The firm had revenue of $895.31 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.05 earnings per share. As a group, equities analysts expect that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, April 23rd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the energy company to buy up to 7.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a $0.3125 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.38%. Matador Resources's payout ratio is currently 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.