Vanguard Personalized Indexing Management LLC Has $996,000 Stock Position in Matador Resources (NYSE:MTDR)

Vanguard Personalized Indexing Management LLC trimmed its position in Matador Resources (NYSE:MTDR) by 9.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 16,705 shares of the energy company’s stock after selling 1,668 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Matador Resources were worth $996,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MTDR shares. TD Cowen increased their price objective on Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Wells Fargo & Company lifted their price objective on Matador Resources from $88.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Benchmark restated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a report on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Matador Resources in a research note on Friday. 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 research note on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.17.

Matador Resources Trading Up 0.6 %

NYSE MTDR opened at $52.53 on Tuesday. Matador Resources has a 52 week low of $48.22 and a 52 week high of $71.08. The business has a 50 day moving average price of $56.16 and a 200-day moving average price of $60.64. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 0.41. The company has a market cap of $6.55 billion, a price-to-earnings 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 earnings per share for the quarter, beating 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 net margin of 29.01% and a return on equity of 21.12%. The business’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same period last year, the firm earned $1.42 earnings per share. As a group, equities analysts expect that Matador Resources will post 7.83 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were paid 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 1.52%. Matador Resources’s dividend payout ratio (DPR) is currently 10.96%.

Insider Transactions at Matador Resources

In related news, CAO Robert T. Macalik bought 500 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $54.50 per share, with a total value of $27,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 29,300 shares in the company, valued at $1,596,850. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Joseph Wm Foran purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average cost of $55.96 per share, with a total value of $111,920.00. Following the completion of the transaction, the chief executive officer now directly owns 35,251 shares of the company’s stock, valued at $1,972,645.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robert T. Macalik acquired 500 shares of Matador Resources stock in a transaction 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 transaction, the chief accounting officer now directly owns 29,300 shares in the company, valued at approximately $1,596,850. 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 ninety days. 6.10% of the stock is currently owned by insiders.

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.