Schonfeld Strategic Advisors LLC Takes $961,000 Position in Matador Resources (NYSE:MTDR)

Schonfeld Strategic Advisors LLC acquired a new position in shares of Matador Resources (NYSE:MTDR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,080 shares of the energy company's stock, valued at approximately $961,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MTDR. LSV Asset Management lifted its position in Matador Resources by 262.0% in the fourth quarter. LSV Asset Management now owns 1,517,308 shares of the energy company's stock worth $85,364,000 after purchasing an additional 1,098,108 shares during the period. Copeland Capital Management LLC increased its holdings in shares of Matador Resources by 145.2% in the fourth quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company's stock valued at $72,223,000 after buying an additional 760,122 shares in the last quarter. Webs Creek Capital Management LP bought a new position in shares of Matador Resources in the fourth quarter valued at $37,894,000. Alliancebernstein L.P. increased its holdings in shares of Matador Resources by 25.9% in the fourth quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company's stock valued at $151,824,000 after buying an additional 555,245 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Matador Resources in the fourth quarter valued at $22,509,000. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Trading Up 4.5%

Shares of MTDR stock traded up $1.91 on Monday, hitting $44.66. The stock had a trading volume of 1,801,437 shares, compared to its average volume of 1,618,416. Matador Resources has a twelve month low of $35.19 and a twelve month high of $66.89. The firm has a market cap of $5.59 billion, a P/E ratio of 6.25 and a beta of 1.47. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average price of $44.28 and a two-hundred day moving average price of $52.59.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.25. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $980.87 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. The firm's revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.71 EPS. As a group, analysts forecast that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.25 annualized dividend and a yield of 2.80%. Matador Resources's dividend payout ratio (DPR) is presently 16.78%.

Matador Resources announced that its board has initiated a stock buyback program on Wednesday, April 23rd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the energy company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MTDR. JPMorgan Chase & Co. dropped their price target on Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. UBS Group began coverage on shares of Matador Resources in a research report on Tuesday, April 22nd. They set a "neutral" rating and a $47.00 target price on the stock. Raymond James lowered their target price on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. KeyCorp decreased their price target on shares of Matador Resources from $72.00 to $60.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Finally, Truist Financial increased their target price on shares of Matador Resources from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $70.33.

Insiders Place Their Bets

In related news, CEO Joseph Wm Foran purchased 2,500 shares of the stock in a transaction on Wednesday, May 7th. The shares were purchased at an average cost of $39.63 per share, with a total value of $99,075.00. Following the acquisition, the chief executive officer now directly owns 60,756 shares in the company, valued at $2,407,760.28. The trade was a 4.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Christopher P. Calvert bought 1,300 shares of the firm's stock in a transaction on Friday, February 21st. The shares were acquired at an average price of $55.17 per share, for a total transaction of $71,721.00. Following the transaction, the chief operating officer now owns 34,000 shares in the company, valued at approximately $1,875,780. This represents a 3.98% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 36,200 shares of company stock valued at $1,701,872 in the last three months. 6.10% of the stock is currently owned by corporate insiders.

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.