MQS Management LLC Takes Position in Matador Resources Company $MTDR

MQS Management LLC bought a new position in shares of Matador Resources Company (NYSE:MTDR) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,422 shares of the energy company’s stock, valued at approximately $722,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTDR. Fiduciary Trust Co lifted its position in shares of Matador Resources by 2.2% during the 3rd quarter. Fiduciary Trust Co now owns 11,821 shares of the energy company’s stock worth $531,000 after buying an additional 253 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Matador Resources by 2.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,138 shares of the energy company’s stock valued at $388,000 after buying an additional 254 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in Matador Resources by 3.5% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,233 shares of the energy company’s stock worth $349,000 after acquiring an additional 278 shares in the last quarter. Legato Capital Management LLC raised its stake in Matador Resources by 3.4% during the 4th quarter. Legato Capital Management LLC now owns 9,369 shares of the energy company’s stock worth $398,000 after acquiring an additional 305 shares in the last quarter. Finally, Hancock Whitney Corp lifted its position in Matador Resources by 0.5% in the third quarter. Hancock Whitney Corp now owns 60,150 shares of the energy company’s stock valued at $2,703,000 after acquiring an additional 315 shares during the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on MTDR shares. Mizuho raised their price objective on Matador Resources from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Citigroup decreased their target price on Matador Resources from $77.00 to $72.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. UBS Group raised their price target on Matador Resources from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Truist Financial raised Matador Resources from a “hold” rating to a “buy” rating and lifted their price target for the stock from $60.00 to $67.00 in a research report on Tuesday, May 12th. Finally, Zacks Research downgraded Matador Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $64.38.

Insider Transactions at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran acquired 4,675 shares of the stock in a transaction on Wednesday, May 27th. The shares were bought at an average price of $52.36 per share, with a total value of $244,783.00. Following the acquisition, the chief executive officer owned 6,997 shares of the company’s stock, valued at $366,362.92. This trade represents a 201.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Christopher P. Calvert bought 1,500 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average cost of $53.24 per share, with a total value of $79,860.00. Following the completion of the purchase, the chief financial officer owned 41,500 shares in the company, valued at approximately $2,209,460. This represents a 3.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 11,907 shares of company stock worth $635,712 over the last ninety days. 5.90% of the stock is currently owned by company insiders.

Matador Resources Trading Up 0.1%

Shares of MTDR stock opened at $49.80 on Wednesday. The company has a market capitalization of $6.18 billion, a P/E ratio of 12.80 and a beta of 0.74. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $55.68 and its two-hundred day moving average is $52.05. Matador Resources Company has a twelve month low of $37.14 and a twelve month high of $66.84.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.24 by $0.29. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The business had revenue of $941.60 million during the quarter, compared to analysts’ expectations of $871.57 million. During the same quarter in the prior year, the business earned $1.99 earnings per share. The company’s quarterly revenue was down 33.8% compared to the same quarter last year. Equities analysts forecast that Matador Resources Company will post 7.23 EPS for the current year.

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were issued a $0.375 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.50 annualized dividend and a dividend yield of 3.0%. Matador Resources’s payout ratio is presently 38.56%.

About Matador Resources

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.