Renaissance Technologies LLC Takes Position in Matador Resources (NYSE:MTDR)

Renaissance Technologies LLC purchased a new position in Matador Resources (NYSE:MTDR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 170,506 shares of the energy company’s stock, valued at approximately $10,162,000. Renaissance Technologies LLC owned approximately 0.14% of Matador Resources at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MTDR. TFO Wealth Partners LLC grew its holdings in shares of Matador Resources by 310,920.0% during the fourth quarter. TFO Wealth Partners LLC now owns 15,551 shares of the energy company’s stock valued at $884,000 after buying an additional 15,546 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Matador Resources during the first quarter valued at $828,000. Prevail Innovative Wealth Advisors LLC boosted its position in shares of Matador Resources by 28.6% during the first quarter. Prevail Innovative Wealth Advisors LLC now owns 37,163 shares of the energy company’s stock valued at $2,481,000 after buying an additional 8,254 shares during the last quarter. Burford Brothers Inc. bought a new stake in Matador Resources in the 4th quarter worth about $1,535,000. Finally, Goldman Sachs Group Inc. lifted its stake in Matador Resources by 31.7% during 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 acquiring an additional 531,504 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on MTDR. Stephens decreased their price objective on shares of Matador Resources from $83.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Wells Fargo & Company raised their price target on Matador Resources from $88.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. lowered their target price on Matador Resources from $83.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. TD Cowen boosted their price target on Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Truist Financial lowered their price objective on shares of Matador Resources from $91.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.17.

Insider Transactions at Matador Resources

In other Matador Resources news, CAO Robert T. Macalik bought 500 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average cost of $54.50 per share, with a total value of $27,250.00. Following the completion of the acquisition, the chief accounting officer now owns 29,300 shares in the company, valued at approximately $1,596,850. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Brian J. Willey acquired 1,500 shares of the stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $50.50 per share, with a total value of $75,750.00. Following the purchase, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at $75,750. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Robert T. Macalik bought 500 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $54.50 per share, with a total value of $27,250.00. Following the acquisition, the chief accounting officer now owns 29,300 shares in the company, valued at approximately $1,596,850. The disclosure for this purchase can be found here. Insiders have bought 12,300 shares of company stock valued at $634,615 in the last ninety days. Corporate insiders own 6.10% of the company’s stock.

Matador Resources Price Performance

MTDR stock opened at $52.53 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.82 and a current ratio of 0.86. The company’s fifty day moving average price is $56.16 and its 200-day moving average price is $60.64. Matador Resources has a one year low of $48.22 and a one year high of $71.08. The company has a market capitalization of $6.55 billion, a PE ratio of 7.20 and a beta of 3.27.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, July 23rd. The energy company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.76 by $0.29. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The business had revenue of $847.14 million during the quarter, compared to the consensus estimate of $822.55 million. During the same quarter in the prior year, the firm earned $1.42 EPS. The business’s revenue was up 32.8% on a year-over-year basis. On average, equities analysts anticipate that Matador Resources will post 7.83 EPS for the current fiscal year.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Thursday, August 15th. Matador Resources’s payout ratio is 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.