First Eagle Investment Management LLC Increases Stake in Matador Resources (NYSE:MTDR)

First Eagle Investment Management LLC raised its holdings in Matador Resources (NYSE:MTDR) by 15.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 288,485 shares of the energy company’s stock after buying an additional 38,600 shares during the period. First Eagle Investment Management LLC owned approximately 0.23% of Matador Resources worth $17,194,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MTDR. Goldman Sachs Group Inc. increased its stake in shares of Matador Resources by 31.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,206,041 shares of the energy company’s stock worth $125,435,000 after buying an additional 531,504 shares during the period. Element Capital Management LLC acquired a new position in Matador Resources during the 1st quarter worth approximately $28,572,000. Public Employees Retirement Association of Colorado increased its position in shares of Matador Resources by 14,874.4% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 427,520 shares of the energy company’s stock valued at $24,309,000 after purchasing an additional 424,665 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Matador Resources by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock valued at $282,196,000 after purchasing an additional 356,506 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Matador Resources by 44.8% during the 4th quarter. Wellington Management Group LLP now owns 1,065,291 shares of the energy company’s stock worth $60,572,000 after purchasing an additional 329,522 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Insider Buying and Selling

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

Matador Resources Trading Down 0.5 %

Shares of Matador Resources stock opened at $51.70 on Thursday. 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 has a market capitalization of $6.45 billion, a P/E ratio of 7.08 and a beta of 3.27. Matador Resources has a 1 year low of $48.22 and a 1 year high of $71.08. The company’s fifty day moving average is $56.95 and its two-hundred day moving average is $60.96.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, July 23rd. The energy company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.29. The firm had revenue of $847.14 million for the quarter, compared to analyst estimates of $822.55 million. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The business’s revenue was up 32.8% on a year-over-year basis. During the same quarter last year, the company posted $1.42 earnings per share. Analysts forecast that Matador Resources will post 7.83 earnings per share for the current year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Thursday, August 15th. Matador Resources’s dividend payout ratio (DPR) is presently 10.96%.

Wall Street Analysts Forecast Growth

MTDR has been the topic of a number of analyst reports. TD Cowen raised 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. JPMorgan Chase & Co. cut their target price on Matador Resources from $83.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Benchmark reaffirmed a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a report on Wednesday, July 24th. Wells Fargo & Company raised their price objective on shares of Matador Resources from $88.00 to $89.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Finally, Stephens lowered their target price 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. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $77.17.

About Matador Resources

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.