Matador Resources Company (NYSE:MTDR) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its holdings in shares of Matador Resources Company (NYSE:MTDR - Free Report) by 522.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,954 shares of the energy company's stock after acquiring an additional 27,660 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Matador Resources were worth $1,684,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Altshuler Shaham Ltd purchased a new stake in shares of Matador Resources in the 4th quarter valued at approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in Matador Resources during the 1st quarter worth about $28,000. Rakuten Securities Inc. raised its holdings in Matador Resources by 9,090.9% in the first quarter. Rakuten Securities Inc. now owns 1,011 shares of the energy company's stock valued at $52,000 after acquiring an additional 1,000 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Matador Resources in the 4th quarter valued at $68,000. Finally, Huntington National Bank raised its stake in Matador Resources by 43.6% in the fourth quarter. Huntington National Bank now owns 1,578 shares of the energy company's stock valued at $89,000 after buying an additional 479 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company's stock.

Matador Resources Stock Performance

NYSE:MTDR traded up $0.13 during midday trading on Friday, reaching $50.78. The stock had a trading volume of 1,739,205 shares, compared to its average volume of 1,770,888. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. The stock has a market cap of $6.36 billion, a P/E ratio of 7.43 and a beta of 1.46. The firm has a fifty day simple moving average of $48.38 and a two-hundred day simple moving average of $49.45. Matador Resources Company has a 12-month low of $35.19 and a 12-month high of $64.04.

Matador Resources (NYSE:MTDR - Get Free Report) last released its earnings results on Tuesday, July 22nd. The energy company reported $1.53 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $892.86 million. During the same quarter last year, the business earned $2.05 EPS. The business's revenue was up 8.2% on a year-over-year basis. On average, equities analysts expect that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources announced that its board has approved a stock repurchase plan on Wednesday, April 23rd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows 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 board of directors believes its shares are undervalued.

Matador Resources Announces Dividend

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 issued a $0.3125 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.25 annualized dividend and a dividend yield of 2.46%. Matador Resources's dividend payout ratio is currently 18.30%.

Insider Activity at Matador Resources

In other Matador Resources news, COO Christopher P. Calvert acquired 1,500 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average cost of $41.13 per share, for a total transaction of $61,695.00. Following the transaction, the chief operating officer directly owned 36,500 shares of the company's stock, valued at approximately $1,501,245. This represents a 4.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph Wm Foran acquired 2,500 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average cost of $39.63 per share, for a total transaction of $99,075.00. Following the completion of the purchase, the chief executive officer owned 60,756 shares in the company, valued at $2,407,760.28. The trade was a 4.29% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 14,850 shares of company stock worth $601,103. 5.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on MTDR shares. TD Cowen upgraded shares of Matador Resources to a "strong-buy" rating in a research note on Monday, July 7th. Bank of America began coverage on shares of Matador Resources in a research report on Monday, May 19th. They issued a "buy" rating and a $56.00 target price on the stock. UBS Group lifted their price target on shares of Matador Resources from $46.00 to $48.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Stephens reduced their price target on shares of Matador Resources from $90.00 to $86.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. dropped their price objective on Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.27.

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.