Susquehanna Fundamental Investments LLC Purchases New Shares in Matador Resources (NYSE:MTDR)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Matador Resources (NYSE:MTDR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 86,689 shares of the energy company's stock, valued at approximately $4,877,000. Susquehanna Fundamental Investments LLC owned approximately 0.07% of Matador Resources at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in MTDR. Franklin Resources Inc. increased its holdings in Matador Resources by 12.0% in the third quarter. Franklin Resources Inc. now owns 1,008,421 shares of the energy company's stock worth $54,122,000 after buying an additional 107,827 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Matador Resources by 16.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 139,254 shares of the energy company's stock worth $8,088,000 after purchasing an additional 20,172 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Matador Resources by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,491,570 shares of the energy company's stock worth $83,916,000 after purchasing an additional 56,644 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Matador Resources by 49.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 300,301 shares of the energy company's stock valued at $16,895,000 after purchasing an additional 99,711 shares in the last quarter. Finally, Shaker Investments LLC OH acquired a new stake in shares of Matador Resources in the 4th quarter valued at $546,000. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Joseph Wm Foran acquired 5,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were bought at an average cost of $40.86 per share, with a total value of $204,300.00. Following the completion of the acquisition, the chief executive officer now owns 50,756 shares of the company's stock, valued at $2,073,890.16. This trade represents a 10.93 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Glenn W. Stetson acquired 1,000 shares of the stock in a transaction dated Monday, April 28th. The stock was bought at an average price of $41.53 per share, for a total transaction of $41,530.00. Following the completion of the purchase, the executive vice president now owns 93,180 shares in the company, valued at approximately $3,869,765.40. This trade represents a 1.08 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 27,650 shares of company stock valued at $1,358,389 over the last ninety days. 6.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wolfe Research raised shares of Matador Resources from a "peer perform" rating to an "outperform" rating and set a $72.00 target price on the stock in a research report on Friday, January 3rd. Stephens decreased their price target on Matador Resources from $90.00 to $86.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Raymond James cut their price objective on Matador Resources from $77.00 to $67.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Truist Financial upped their target price on Matador Resources from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.33.

Matador Resources Stock Performance

NYSE MTDR traded up $0.95 during midday trading on Thursday, hitting $40.49. The company had a trading volume of 1,776,499 shares, compared to its average volume of 1,589,301. The firm has a fifty day simple moving average of $45.42 and a two-hundred day simple moving average of $53.00. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 5.67 and a beta of 2.74. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.61. Matador Resources has a fifty-two week low of $35.19 and a fifty-two week high of $66.89.

Matador Resources (NYSE:MTDR - Get Free Report) last issued 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. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $980.87 million. During the same period in the previous year, the company posted $1.71 earnings per share. The company's quarterly revenue was up 28.7% compared to the same quarter last year. Equities analysts forecast that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources announced that its Board of Directors has initiated a share repurchase program on Wednesday, April 23rd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the energy company to buy up to 7.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 9th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.09%. Matador Resources's payout ratio is 16.78%.

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.