XTX Topco Ltd Acquires Shares of 9,210 Matador Resources Company (NYSE:MTDR)

XTX Topco Ltd acquired a new stake in Matador Resources Company (NYSE:MTDR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,210 shares of the energy company's stock, valued at approximately $471,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in shares of Matador Resources in the 4th quarter worth approximately $25,000. MCF Advisors LLC bought a new stake in shares of Matador Resources in the 1st quarter worth approximately $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Matador Resources in the 1st quarter worth approximately $28,000. Rakuten Securities Inc. grew its stake in Matador Resources by 9,090.9% in the 1st quarter. Rakuten Securities Inc. now owns 1,011 shares of the energy company's stock valued at $52,000 after buying an additional 1,000 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in Matador Resources in the 4th quarter valued at approximately $68,000. Hedge funds and other institutional investors own 91.98% of the company's stock.

Matador Resources Stock Down 1.3%

MTDR opened at $46.07 on Friday. The company has a fifty day moving average price of $49.33 and a 200-day moving average price of $48.71. The firm has a market capitalization of $5.73 billion, a P/E ratio of 6.74 and a beta of 1.49. 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 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 posted its quarterly earnings data 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. Matador Resources had a net margin of 22.57% and a return on equity of 16.53%. The company had revenue of $895.31 million during the quarter, compared to the consensus estimate of $892.86 million. During the same period in the previous year, the firm posted $2.05 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. Equities research analysts expect that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders 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 dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 15th. Matador Resources's payout ratio is currently 18.30%.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on MTDR shares. Stephens reduced their price objective on shares of Matador Resources from $90.00 to $86.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Bank of America started coverage on shares of Matador Resources in a research note on Monday, May 19th. They issued a "buy" rating and a $56.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on shares of Matador Resources from $65.00 to $61.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Mizuho reduced their price objective on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Finally, UBS Group lifted their price objective on shares of 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $68.00.

Insider Activity

In related news, CEO Joseph Wm Foran acquired 5,000 shares of the company's stock in a transaction dated Friday, August 1st. The stock was bought at an average cost of $49.17 per share, with a total value of $245,850.00. Following the acquisition, the chief executive officer owned 6,606 shares of the company's stock, valued at approximately $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 the SEC website. Corporate insiders own 5.80% of the company's stock.

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.

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