Trexquant Investment LP Invests $1.39 Million in Matador Resources Company $MTDR

Trexquant Investment LP bought a new position in shares of Matador Resources Company (NYSE:MTDR) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 27,256 shares of the energy company’s stock, valued at approximately $1,393,000.

A number of other institutional investors also recently modified their holdings of MTDR. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Matador Resources during the fourth quarter worth about $961,000. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Matador Resources by 15.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 24,960 shares of the energy company’s stock worth $1,404,000 after purchasing an additional 3,420 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Matador Resources by 4.1% during the fourth quarter. Captrust Financial Advisors now owns 46,298 shares of the energy company’s stock worth $2,605,000 after purchasing an additional 1,829 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Matador Resources by 24.0% during the fourth quarter. Cetera Investment Advisers now owns 8,070 shares of the energy company’s stock worth $454,000 after purchasing an additional 1,562 shares during the period. Finally, Crestline Management LP boosted its holdings in shares of Matador Resources by 477.6% during the fourth quarter. Crestline Management LP now owns 26,529 shares of the energy company’s stock worth $1,493,000 after purchasing an additional 21,936 shares during the period. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MTDR shares. Wells Fargo & Company dropped their target price on shares of Matador Resources from $80.00 to $74.00 and set an “overweight” rating for the company in a report on Monday, June 16th. KeyCorp lowered their price objective on shares of Matador Resources from $62.00 to $61.00 and set an “overweight” rating for the company in a report on Wednesday. Raymond James Financial raised their price objective on shares of Matador Resources from $60.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Morgan Stanley raised their price objective on shares of Matador Resources from $60.00 to $62.00 and gave the stock an “equal weight” rating in a report on Monday, August 18th. Finally, Bank of America initiated coverage on shares of Matador Resources in a report on Monday, May 19th. They issued a “buy” rating and a $56.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $67.53.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $48.10 on Friday. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $64.04. The company has a 50 day simple moving average of $49.39 and a two-hundred day simple moving average of $47.16. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 7.04 and a beta of 1.49. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.81 and a current ratio of 0.85.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, July 22nd. The energy company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.24. Matador Resources had a net margin of 22.57% and a return on equity of 16.53%. The business had revenue of $895.31 million during the quarter, compared to the consensus estimate of $892.86 million. During the same quarter last year, the firm earned $2.05 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts expect that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a dividend of $0.3125 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.6%. Matador Resources’s dividend payout ratio (DPR) is currently 18.30%.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran bought 5,000 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was acquired at an average price of $49.17 per share, with a total value of $245,850.00. Following the completion of the purchase, the chief executive officer owned 6,606 shares of the company’s stock, valued at approximately $324,817.02. This trade represents a 311.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.80% 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.