XTX Topco Ltd Acquires New Position in Matador Resources Company (NYSE:MTDR)

Key Points

• XTX Topco Ltd has acquired 9,210 shares of Matador Resources Company, valued at approximately $471,000, marking a significant investment in the energy sector.
• The CEO, Joseph Wm Foran, purchased 5,000 shares at an average cost of $49.17, resulting in a 311.33% increase in their ownership of the stock.
• Matador Resources announced a quarterly dividend of $0.3125, with an anticipated annual yield of 2.7%, highlighting the company's ongoing commitment to shareholder returns.

XTX Topco Ltd bought a new stake in Matador Resources Company (NYSE:MTDR - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 9,210 shares of the energy company's stock, valued at approximately $471,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MTDR. Wells Fargo & Company MN boosted its position in Matador Resources by 17.8% during the fourth quarter. Wells Fargo & Company MN now owns 45,790 shares of the energy company's stock worth $2,576,000 after purchasing an additional 6,933 shares during the period. Envestnet Asset Management Inc. raised its holdings in Matador Resources by 49.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 300,301 shares of the energy company's stock valued at $16,895,000 after acquiring an additional 99,711 shares during the period. Wedbush Securities Inc. bought a new position in Matador Resources in the 4th quarter valued at about $210,000. Russell Investments Group Ltd. raised its holdings in Matador Resources by 17.9% in the 4th quarter. Russell Investments Group Ltd. now owns 81,039 shares of the energy company's stock valued at $4,559,000 after acquiring an additional 12,282 shares during the period. Finally, Cerity Partners LLC raised its holdings in Matador Resources by 8.9% in the 4th quarter. Cerity Partners LLC now owns 75,251 shares of the energy company's stock valued at $3,860,000 after acquiring an additional 6,169 shares during the period. 91.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Bank of America assumed coverage on shares of Matador Resources in a report on Monday, May 19th. They issued a "buy" rating and a $56.00 price target on the stock. Stephens lowered their price target 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. KeyCorp increased their price target on shares of Matador Resources from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Wells Fargo & Company lowered their price target on shares of Matador Resources from $80.00 to $74.00 and set an "overweight" rating on the stock in a report on Monday, June 16th. Finally, UBS Group increased their price target on shares of Matador Resources from $46.00 to $48.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Two 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $68.00.

Matador Resources Price Performance

MTDR stock traded up $1.06 during midday trading on Tuesday, reaching $47.29. The company had a trading volume of 265,231 shares, compared to its average volume of 1,715,519. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 6.93 and a beta of 1.49. The stock has a 50 day moving average price of $49.46 and a 200-day moving average price of $48.29. Matador Resources Company has a 1-year low of $35.19 and a 1-year high of $64.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.81.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The energy company reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.24. The business 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 earnings per share. Equities research analysts expect that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a $0.3125 dividend. 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 dividend payout ratio (DPR) is 18.30%.

Matador Resources declared that its Board of Directors has initiated a share repurchase plan on Wednesday, April 23rd that permits the company to repurchase $400.00 million in outstanding 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 typically a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at Matador Resources

In other news, CEO Joseph Wm Foran acquired 5,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average cost of $49.17 per share, with a total value of $245,850.00. Following the completion of the purchase, the chief executive officer directly owned 6,606 shares of the company's stock, valued at $324,817.02. The trade was a 311.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.80% of the stock is owned by company insiders.

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.