Trexquant Investment LP Invests $1.39 Million in Matador Resources Company $MTDR

Key Points

• Trexquant Investment LP has acquired 27,256 shares of Matador Resources Company, valued at approximately $1.39 million, during the first quarter, indicating strong interest from institutional investors.
• Matador Resources recently reported quarterly earnings of $1.53 per share, surpassing analyst expectations, with a year-over-year revenue increase of 8.2% to $895.31 million.
• The company declared a quarterly dividend of $0.3125 per share, representing a yield of 2.6% and a low payout ratio of 18.30%, appealing to income-focused investors.

Trexquant Investment LP purchased a new stake in Matador Resources Company (NYSE:MTDR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 27,256 shares of the energy company's stock, valued at approximately $1,393,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MTDR. Concurrent Investment Advisors LLC increased its position in Matador Resources by 0.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 55,482 shares of the energy company's stock worth $2,835,000 after buying an additional 244 shares during the period. State of Wyoming boosted its stake in Matador Resources by 11.6% in the 4th 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 in the last quarter. State of Michigan Retirement System boosted its stake 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 purchasing an additional 300 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake 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 purchasing an additional 300 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Matador Resources by 3.2% during the first quarter. Janney Montgomery Scott LLC now owns 10,868 shares of the energy company's stock valued at $555,000 after acquiring an additional 340 shares during the period. Institutional investors and hedge funds own 91.98% of the company's stock.

Matador Resources Stock Down 1.8%

Shares of NYSE MTDR traded down $0.88 during midday trading on Thursday, hitting $48.56. 1,031,757 shares of the stock traded hands, compared to its average volume of 1,252,575. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.81 and a current ratio of 0.85. The business has a 50 day moving average price of $49.28 and a two-hundred day moving average price of $46.97. The company has a market cap of $6.05 billion, a PE ratio of 7.11 and a beta of 1.49. Matador Resources Company has a one year low of $35.19 and a one year high of $64.04.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The energy company reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.24. The firm had revenue of $895.31 million during the quarter, compared to analyst estimates of $892.86 million. Matador Resources had a return on equity of 16.53% and a net margin of 22.57%.The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.05 EPS. On average, equities analysts predict that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given a dividend of $0.3125 per share. The ex-dividend date was Friday, August 15th. This represents a $1.25 annualized dividend and a dividend yield of 2.6%. Matador Resources's dividend payout ratio is currently 18.30%.

Analyst Ratings Changes

MTDR has been the subject of a number of recent analyst reports. Raymond James Financial upped their price objective on Matador Resources from $60.00 to $63.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Morgan Stanley increased their price target on Matador Resources from $60.00 to $62.00 and gave the company an "equal weight" rating in a research report on Monday, August 18th. UBS Group cut their price objective on Matador Resources from $49.00 to $48.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. William Blair assumed coverage on Matador Resources in a research note on Monday, August 25th. They set an "outperform" rating on the stock. Finally, KeyCorp lowered their price objective on Matador Resources from $62.00 to $61.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Matador Resources has a consensus rating of "Moderate Buy" and an average price target of $67.53.

Insider Activity

In other Matador Resources news, CEO Joseph Wm Foran acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of $46.25 per share, for a total transaction of $92,500.00. Following the completion of the transaction, the chief executive officer owned 8,606 shares of the company's stock, valued at approximately $398,027.50. This represents a 30.28% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.80% of the company's stock.

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.