9,742 Shares in Matador Resources Company $MTDR Acquired by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in Matador Resources Company (NYSE:MTDR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,742 shares of the energy company’s stock, valued at approximately $465,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Matador Resources by 7.6% in the first quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company’s stock worth $690,310,000 after purchasing an additional 956,090 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Matador Resources by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,464,857 shares of the energy company’s stock valued at $279,192,000 after buying an additional 20,134 shares during the last quarter. LSV Asset Management boosted its position in Matador Resources by 50.9% during the 1st quarter. LSV Asset Management now owns 2,289,379 shares of the energy company’s stock valued at $116,964,000 after buying an additional 772,071 shares during the period. Wellington Management Group LLP boosted its position in Matador Resources by 30.5% during the 1st quarter. Wellington Management Group LLP now owns 2,043,715 shares of the energy company’s stock valued at $104,413,000 after buying an additional 477,236 shares during the period. Finally, Beck Mack & Oliver LLC grew its holdings in Matador Resources by 6.8% in the 1st quarter. Beck Mack & Oliver LLC now owns 1,514,928 shares of the energy company’s stock worth $77,398,000 after acquiring an additional 96,562 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, EVP Robert T. Macalik bought 1,500 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of $38.25 per share, for a total transaction of $57,375.00. Following the acquisition, the executive vice president owned 35,039 shares in the company, valued at approximately $1,340,241.75. This represents a 4.47% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan M. Ward purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average price of $39.04 per share, with a total value of $195,200.00. Following the completion of the purchase, the director owned 14,923 shares in the company, valued at $582,593.92. This represents a 50.39% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 43,726 shares of company stock valued at $1,766,734. Company insiders own 5.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Mizuho lowered their price objective on shares of Matador Resources from $69.00 to $67.00 and set an “outperform” rating for the company in a research note on Friday, October 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Matador Resources in a report on Tuesday, October 14th. Morgan Stanley lowered their price target on Matador Resources from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 14th. William Blair assumed coverage on Matador Resources in a research report on Monday, August 25th. They issued an “outperform” rating on the stock. Finally, Raymond James Financial restated an “outperform” rating and set a $55.00 target price (down previously from $63.00) on shares of Matador Resources in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.57.

Matador Resources Stock Performance

Matador Resources stock opened at $41.40 on Friday. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $64.04. The stock’s 50 day simple moving average is $43.44 and its two-hundred day simple moving average is $46.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.69 and a current ratio of 0.73. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 6.61 and a beta of 1.35.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, October 21st. The energy company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.14. Matador Resources had a return on equity of 14.80% and a net margin of 20.46%.The firm had revenue of $915.12 million during the quarter, compared to analyst estimates of $893.22 million. During the same quarter in the prior year, the company earned $1.89 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. As a group, analysts expect that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Monday, November 10th will be given a dividend of $0.375 per share. This is an increase from Matador Resources’s previous quarterly dividend of $0.31. This represents a $1.50 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, November 10th. Matador Resources’s payout ratio is 23.96%.

About Matador Resources

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.