Susquehanna Fundamental Investments LLC Takes Position in Matador Resources (NYSE:MTDR)

Susquehanna Fundamental Investments LLC bought a new position in shares of Matador Resources (NYSE:MTDR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 86,689 shares of the energy company’s stock, valued at approximately $4,877,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Oberweis Asset Management Inc. increased its stake in shares of Matador Resources by 5.8% during the 4th quarter. Oberweis Asset Management Inc. now owns 144,800 shares of the energy company’s stock worth $8,146,000 after purchasing an additional 7,900 shares during the last quarter. Hancock Whitney Corp grew its holdings in Matador Resources by 115.8% during the fourth quarter. Hancock Whitney Corp now owns 29,239 shares of the energy company’s stock worth $1,645,000 after purchasing an additional 15,689 shares during the period. Webs Creek Capital Management LP acquired a new position in Matador Resources during the fourth quarter worth approximately $37,894,000. Dark Forest Capital Management LP raised its stake in Matador Resources by 200.8% in the fourth quarter. Dark Forest Capital Management LP now owns 21,300 shares of the energy company’s stock valued at $1,198,000 after buying an additional 14,219 shares during the period. Finally, Stifel Financial Corp lifted its position in shares of Matador Resources by 156.0% in the fourth quarter. Stifel Financial Corp now owns 77,570 shares of the energy company’s stock valued at $4,364,000 after buying an additional 47,266 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Price Performance

Matador Resources stock opened at $41.59 on Tuesday. The firm has a market cap of $5.21 billion, a PE ratio of 5.82 and a beta of 2.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The stock’s fifty day moving average price is $46.26 and its two-hundred day moving average price is $53.27. Matador Resources has a one year low of $35.19 and a one year high of $66.89.

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

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be given a dividend of $0.3125 per share. The ex-dividend date is Friday, May 9th. This represents a $1.25 annualized dividend and a yield of 3.01%. Matador Resources’s dividend payout ratio is currently 16.78%.

Matador Resources declared that its Board of Directors has initiated a share repurchase program on Wednesday, April 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the energy company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Matador Resources from $86.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday. Morgan Stanley dropped their price objective on shares of Matador Resources from $84.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. JPMorgan Chase & Co. reduced their target price on shares of Matador Resources from $65.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. UBS Group started coverage on shares of Matador Resources in a research note on Tuesday, April 22nd. They issued a “neutral” rating and a $47.00 price target on the stock. Finally, Stephens cut their price objective on shares of Matador Resources from $90.00 to $86.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.33.

Insiders Place Their Bets

In related news, CEO Joseph Wm Foran acquired 6,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average price of $53.94 per share, with a total value of $323,640.00. Following the purchase, the chief executive officer now directly owns 39,379 shares in the company, valued at approximately $2,124,103.26. This trade represents a 17.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Robert T. Macalik bought 1,200 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $47.98 per share, for a total transaction of $57,576.00. Following the purchase, the chief accounting officer now owns 31,000 shares of the company’s stock, valued at approximately $1,487,380. The trade was a 4.03 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 21,350 shares of company stock worth $1,100,769 over the last three months. Insiders own 6.10% of the company’s stock.

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.