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

Centiva Capital LP grew its position in Matador Resources (NYSE:MTDR) by 89.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 45,671 shares of the energy company’s stock after purchasing an additional 21,601 shares during the period. Centiva Capital LP’s holdings in Matador Resources were worth $2,257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MTDR. Denver PWM LLC purchased a new position in Matador Resources in the second quarter worth $27,000. True Wealth Design LLC purchased a new stake in shares of Matador Resources during the third quarter valued at $37,000. Avior Wealth Management LLC grew its holdings in shares of Matador Resources by 329.0% during the third quarter. Avior Wealth Management LLC now owns 828 shares of the energy company’s stock valued at $41,000 after buying an additional 635 shares during the last quarter. Quarry LP grew its holdings in shares of Matador Resources by 47.5% during the second quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after buying an additional 251 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Matador Resources by 154.8% during the third quarter. Covestor Ltd now owns 1,060 shares of the energy company’s stock valued at $52,000 after buying an additional 644 shares during the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MTDR. Stephens boosted their target price on shares of Matador Resources from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Benchmark restated a “buy” rating and set a $62.00 target price on shares of Matador Resources in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their target price on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Truist Financial decreased their target price on shares of Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.92.

Matador Resources Stock Down 1.9 %

MTDR opened at $58.89 on Tuesday. Matador Resources has a twelve month low of $47.15 and a twelve month high of $71.08. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average price of $54.25 and a 200 day moving average price of $56.60. The company has a market cap of $7.35 billion, a PE ratio of 7.80 and a beta of 3.26.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.11. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. During the same quarter in the prior year, the firm earned $1.86 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Sell-side analysts expect that Matador Resources will post 7.5 earnings per share for the current fiscal year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors 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 1.70%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. Matador Resources’s dividend payout ratio is currently 13.25%.

Insider Activity at Matador Resources

In other news, CFO Brian J. Willey purchased 1,500 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $50.50 per share, for a total transaction of $75,750.00. Following the acquisition, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at approximately $75,750. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robert T. Macalik purchased 500 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $50.25 per share, with a total value of $25,125.00. Following the acquisition, the chief accounting officer now directly owns 29,800 shares in the company, valued at approximately $1,497,450. The trade was a 1.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 11,105 shares of company stock valued at $562,306. Corporate insiders own 6.10% of the company’s stock.

Matador Resources 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.