Capstone Investment Advisors LLC Purchases 69,298 Shares of Matador Resources (NYSE:MTDR)

Capstone Investment Advisors LLC raised its holdings in Matador Resources (NYSE:MTDR) by 1,029.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,032 shares of the energy company’s stock after buying an additional 69,298 shares during the quarter. Capstone Investment Advisors LLC owned 0.06% of Matador Resources worth $5,077,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Matador Resources by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 11,020,992 shares of the energy company’s stock valued at $626,654,000 after acquiring an additional 83,067 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Matador Resources by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,028,782 shares of the energy company’s stock worth $229,083,000 after buying an additional 87,299 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Matador Resources by 6.3% during the 4th quarter. Victory Capital Management Inc. now owns 3,430,593 shares of the energy company’s stock worth $195,064,000 after buying an additional 202,303 shares during the period. Goldman Sachs Group Inc. boosted its stake in Matador Resources by 31.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,206,041 shares of the energy company’s stock valued at $125,435,000 after buying an additional 531,504 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in Matador Resources by 0.4% in the fourth quarter. Clearbridge Investments LLC now owns 1,820,404 shares of the energy company’s stock valued at $103,508,000 after acquiring an additional 6,980 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Benchmark reduced their target price on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Wells Fargo & Company upped their price objective on shares of Matador Resources from $76.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Truist Financial lifted their target price on shares of Matador Resources from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. KeyCorp raised their price target on Matador Resources from $71.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Finally, Mizuho boosted their price objective on Matador Resources from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.09.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, EVP Bryan A. Erman bought 1,750 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average cost of $55.90 per share, with a total value of $97,825.00. Following the purchase, the executive vice president now owns 1,750 shares in the company, valued at $97,825. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.10% of the company’s stock.

Matador Resources Trading Down 3.8 %

NYSE MTDR traded down $2.31 on Friday, reaching $58.20. The company had a trading volume of 1,851,426 shares, compared to its average volume of 2,241,988. Matador Resources has a 52 week low of $49.12 and a 52 week high of $71.08. The stock’s 50 day moving average is $60.59 and its 200-day moving average is $60.82. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.43. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 7.98 and a beta of 3.29.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Tuesday, April 23rd. The energy company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.32. Matador Resources had a return on equity of 20.62% and a net margin of 28.89%. The company had revenue of $787.70 million during the quarter, compared to analysts’ expectations of $740.99 million. During the same period in the prior year, the business posted $1.50 EPS. Matador Resources’s revenue was up 40.6% on a year-over-year basis. Equities analysts predict that Matador Resources will post 7.86 earnings per share for the current year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.80 annualized dividend and a yield of 1.37%. Matador Resources’s dividend payout ratio is presently 10.96%.

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.