Centiva Capital LP Purchases 21,601 Shares of Matador Resources (NYSE:MTDR)

Centiva Capital LP increased its stake in Matador Resources (NYSE:MTDR) by 89.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,671 shares of the energy company’s stock after purchasing an additional 21,601 shares during the quarter. Centiva Capital LP’s holdings in Matador Resources were worth $2,257,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in Matador Resources by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock worth $282,196,000 after purchasing an additional 356,506 shares during the period. Victory Capital Management Inc. raised its holdings 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 worth $136,009,000 after purchasing an additional 72,077 shares during the period. 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 purchasing an additional 214,334 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Matador Resources by 4.2% in 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 purchasing an additional 57,254 shares during the period. Finally, Wasatch Advisors LP raised its holdings in Matador Resources by 4.3% in the 3rd quarter. Wasatch Advisors LP now owns 1,287,587 shares of the energy company’s stock worth $63,633,000 after purchasing an additional 52,498 shares during the period. 91.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MTDR shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price target on shares of Matador Resources in a research note on Thursday, October 24th. Wells Fargo & Company cut their price target on Matador Resources from $89.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Stephens increased their price target on Matador Resources from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. BMO Capital Markets increased their price target on Matador Resources from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Finally, Benchmark reiterated a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.92.

Insiders Place Their Bets

In related news, CFO Brian J. Willey purchased 1,500 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $50.50 per share, with a total value of $75,750.00. Following the completion of the purchase, the chief financial officer now owns 1,500 shares of the company’s stock, valued at approximately $75,750. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Robert T. Macalik acquired 500 shares of Matador Resources stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $50.25 per share, with a total value of $25,125.00. Following the purchase, the chief accounting officer now directly owns 29,800 shares of the company’s stock, valued at $1,497,450. This represents a 1.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 11,105 shares of company stock valued at $562,306 over the last 90 days. Insiders own 6.10% of the company’s stock.

Matador Resources Trading Down 1.9 %

MTDR opened at $58.89 on Tuesday. The firm has a market cap of $7.35 billion, a P/E ratio of 7.80 and a beta of 3.26. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08. 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 50-day moving average of $54.25 and a 200 day moving average of $56.60.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.11. The business had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 earnings per share. As a group, research analysts forecast that Matador Resources will post 7.5 EPS for the current 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 $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.70%. This is an increase from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s dividend payout ratio (DPR) is presently 13.25%.

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.