Matador Resources (NYSE:MTDR) Stock Position Boosted by Sagefield Capital LP

Sagefield Capital LP grew its holdings in Matador Resources (NYSE:MTDR) by 26.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 893,934 shares of the energy company’s stock after acquiring an additional 187,788 shares during the period. Matador Resources comprises approximately 5.6% of Sagefield Capital LP’s holdings, making the stock its 4th biggest holding. Sagefield Capital LP owned about 0.72% of Matador Resources worth $53,278,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MTDR. Goldman Sachs Group Inc. grew its holdings in Matador Resources by 31.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,206,041 shares of the energy company’s stock valued at $125,435,000 after purchasing an additional 531,504 shares in the last quarter. Element Capital Management LLC acquired a new stake in Matador Resources during the 1st quarter valued at $28,572,000. Public Employees Retirement Association of Colorado grew its holdings in Matador Resources by 14,874.4% during 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in Matador Resources by 8.1% during 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 grew its holdings in 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 valued at $60,572,000 after purchasing an additional 329,522 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Matador Resources

In other news, CAO Robert T. Macalik acquired 500 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of $54.50 per share, for a total transaction of $27,250.00. Following the transaction, the chief accounting officer now directly owns 29,300 shares in the company, valued at approximately $1,596,850. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Joseph Wm Foran purchased 2,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $55.96 per share, for a total transaction of $111,920.00. Following the transaction, the chief executive officer now owns 35,251 shares of the company’s stock, valued at $1,972,645.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Robert T. Macalik purchased 500 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were bought at an average price of $54.50 per share, for a total transaction 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 have bought a total of 12,300 shares of company stock worth $634,615 in the last ninety days. 6.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MTDR shares. Stephens lowered their price target 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. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of Matador Resources in a report on Friday. 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. Wolfe Research initiated coverage on shares of Matador Resources in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Mizuho decreased their price objective on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.17.

Matador Resources Trading Up 0.6 %

NYSE MTDR opened at $52.53 on Tuesday. Matador Resources has a one year low of $48.22 and a one year high of $71.08. The company has a 50-day simple moving average of $56.16 and a 200-day simple moving average of $60.64. 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 firm has a market capitalization of $6.55 billion, a PE ratio of 7.20 and a beta of 3.27.

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

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.80 annualized dividend and a yield of 1.52%. Matador Resources’s dividend payout ratio is presently 10.96%.

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.