Schonfeld Strategic Advisors LLC Buys Shares of 17,080 Matador Resources (NYSE:MTDR)

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

A number of other institutional investors have also modified their holdings of MTDR. LSV Asset Management increased its stake in shares of Matador Resources by 262.0% during the 4th quarter. LSV Asset Management now owns 1,517,308 shares of the energy company’s stock valued at $85,364,000 after acquiring an additional 1,098,108 shares during the last quarter. Copeland Capital Management LLC boosted its holdings in shares of Matador Resources by 145.2% in the 4th quarter. Copeland Capital Management LLC now owns 1,283,743 shares of the energy company’s stock valued at $72,223,000 after purchasing an additional 760,122 shares during the last quarter. Webs Creek Capital Management LP purchased a new stake in shares of Matador Resources during the 4th quarter valued at $37,894,000. Alliancebernstein L.P. increased its holdings in shares of Matador Resources by 25.9% during the 4th quarter. Alliancebernstein L.P. now owns 2,698,606 shares of the energy company’s stock worth $151,824,000 after buying an additional 555,245 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Matador Resources in the 4th quarter worth $22,509,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insiders Place Their Bets

In related news, Director Paul W. Harvey acquired 600 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of $55.20 per share, for a total transaction of $33,120.00. Following the completion of the purchase, the director now directly owns 27,917 shares in the company, valued at $1,541,018.40. This trade represents a 2.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Joseph Wm Foran bought 2,500 shares of the stock in a transaction on Wednesday, May 7th. The shares were bought at an average cost of $39.63 per share, for a total transaction of $99,075.00. Following the purchase, the chief executive officer now owns 60,756 shares in the company, valued at $2,407,760.28. This trade represents a 4.29 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 36,200 shares of company stock worth $1,701,872. Insiders own 6.10% of the company’s stock.

Matador Resources Stock Up 6.4 %

Shares of Matador Resources stock opened at $42.59 on Friday. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 5.96 and a beta of 1.47. Matador Resources has a twelve month low of $35.19 and a twelve month high of $66.89. 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 business’s 50 day simple moving average is $44.36 and its 200-day simple moving average is $52.63.

Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, April 23rd. The energy company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.25. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $980.87 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. The firm’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period last year, the business posted $1.71 earnings per share. Equities research analysts forecast that Matador Resources will post 8.53 earnings per share for the current year.

Matador Resources declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, April 23rd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the energy company to purchase up to 7.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Matador Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Friday, May 9th. Matador Resources’s payout ratio is 16.78%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MTDR shares. KeyCorp reduced their price target on shares of Matador Resources from $72.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. dropped their target price on Matador Resources from $65.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Morgan Stanley lowered their price objective on shares of Matador Resources from $84.00 to $68.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Royal Bank of Canada reduced their target price on shares of Matador Resources from $70.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Finally, Stephens lowered their price target on shares of Matador Resources from $90.00 to $86.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.33.

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.