Point72 Asia Singapore Pte. Ltd. Invests $263,000 in Matador Resources (NYSE:MTDR)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Matador Resources (NYSE:MTDR) during the third quarter, HoldingsChannel.com reports. The fund acquired 5,325 shares of the energy company’s stock, valued at approximately $263,000.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in Matador Resources by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock valued at $282,196,000 after purchasing an additional 356,506 shares during the last quarter. Victory Capital Management Inc. grew its stake in Matador Resources by 2.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,752,102 shares of the energy company’s stock valued at $136,009,000 after buying an additional 72,077 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Matador Resources by 10.5% in the 2nd quarter. Clearbridge Investments LLC now owns 2,250,036 shares of the energy company’s stock worth $134,102,000 after acquiring an additional 214,334 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Matador Resources by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,434,926 shares of the energy company’s stock worth $70,914,000 after acquiring an additional 57,254 shares during the last quarter. Finally, Wasatch Advisors LP boosted its holdings in Matador Resources by 4.3% during the third quarter. Wasatch Advisors LP now owns 1,287,587 shares of the energy company’s stock valued at $63,633,000 after acquiring an additional 52,498 shares during the period. 91.98% of the stock is owned by institutional investors.

Insider Transactions at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran acquired 2,500 shares of the business’s stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $51.47 per share, for a total transaction of $128,675.00. Following the transaction, the chief executive officer now owns 37,751 shares in the company, valued at $1,943,043.97. This trade represents a 7.09 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Robert T. Macalik bought 500 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $50.25 per share, for a total transaction of $25,125.00. Following the acquisition, the chief accounting officer now directly owns 29,800 shares of the company’s stock, valued at approximately $1,497,450. The trade was a 1.71 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 11,105 shares of company stock valued at $562,306. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MTDR shares. JPMorgan Chase & Co. dropped their price objective on Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Mizuho dropped their price target on Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Stephens boosted their target price on shares of Matador Resources from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a report on Thursday, October 24th. Finally, BMO Capital Markets boosted their price objective on shares of Matador Resources from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.92.

Matador Resources Trading Up 0.9 %

Shares of MTDR opened at $59.43 on Wednesday. The stock has a 50 day simple moving average of $54.38 and a 200-day simple moving average of $56.58. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The stock has a market cap of $7.42 billion, a PE ratio of 7.87 and a beta of 3.26. Matador Resources has a 1 year low of $47.15 and a 1 year high of $71.08.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The company had revenue of $770.20 million during the quarter, compared to analysts’ expectations of $836.69 million. During the same period last year, the business earned $1.86 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts predict that Matador Resources will post 7.5 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.68%. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources’s dividend payout ratio is currently 13.25%.

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.