MQS Management LLC Invests $465,000 in Matador Resources (NYSE:MTDR)

MQS Management LLC bought a new stake in shares of Matador Resources (NYSE:MTDR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,807 shares of the energy company’s stock, valued at approximately $465,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Denver PWM LLC acquired a new stake in shares of Matador Resources during the 2nd quarter valued at $27,000. Covestor Ltd raised its position in shares of Matador Resources by 121.4% during the first quarter. Covestor Ltd now owns 414 shares of the energy company’s stock worth $28,000 after purchasing an additional 227 shares during the period. Rise Advisors LLC purchased a new stake in shares of Matador Resources during the first quarter valued at $34,000. Lindbrook Capital LLC boosted its position in shares of Matador Resources by 84.3% in the 1st quarter. Lindbrook Capital LLC now owns 597 shares of the energy company’s stock valued at $40,000 after purchasing an additional 273 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in Matador Resources by 191.8% in the 1st quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock worth $47,000 after purchasing an additional 466 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Matador Resources

In other news, CEO Joseph Wm Foran acquired 2,000 shares of Matador Resources stock in a transaction dated Friday, August 2nd. The stock was acquired at an average cost of $55.96 per share, for a total transaction of $111,920.00. Following the completion of the purchase, the chief executive officer now owns 35,251 shares of the company’s stock, valued at $1,972,645.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Matador Resources news, CEO Joseph Wm Foran acquired 2,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $55.96 per share, for a total transaction of $111,920.00. Following the completion of the purchase, the chief executive officer now owns 35,251 shares of the company’s stock, valued at approximately $1,972,645.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Robert T. Macalik bought 500 shares of the stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $50.25 per share, for a total transaction of $25,125.00. Following the acquisition, the chief accounting officer now directly owns 29,800 shares in the company, valued at $1,497,450. The disclosure for this purchase can be found here. Insiders have purchased a total of 12,300 shares of company stock worth $634,615 over the last 90 days. Insiders own 6.10% of the company’s stock.

Matador Resources Stock Performance

Shares of NYSE MTDR opened at $52.19 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.82. Matador Resources has a one year low of $48.22 and a one year high of $71.08. The business’s 50-day moving average price is $56.79 and its two-hundred day moving average price is $60.89. The company has a market capitalization of $6.51 billion, a P/E ratio of 7.22 and a beta of 3.27.

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

Matador Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a yield of 1.53%. Matador Resources’s payout ratio is currently 10.96%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Mizuho dropped their target price on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday. Benchmark reiterated a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a research report on Wednesday, July 24th. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 target price on shares of Matador Resources in a report on Thursday, July 25th. Wells Fargo & Company lifted their price target on Matador Resources from $88.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Finally, TD Cowen upped their price target on Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus 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.