Vaughan Nelson Investment Management L.P. Reduces Stock Position in Matador Resources Company $MTDR

Vaughan Nelson Investment Management L.P. cut its position in Matador Resources Company (NYSE:MTDR) by 7.5% during the first quarter, Holdings Channel reports. The firm owned 1,013,825 shares of the energy company’s stock after selling 82,270 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Matador Resources were worth $64,053,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of MTDR. CIBC Bancorp USA Inc. acquired a new stake in shares of Matador Resources during the third quarter worth about $61,615,000. Wellington Management Group LLP increased its holdings in Matador Resources by 65.0% in the 4th quarter. Wellington Management Group LLP now owns 3,406,182 shares of the energy company’s stock worth $144,558,000 after buying an additional 1,342,145 shares during the period. Encompass Capital Advisors LLC purchased a new position in Matador Resources during the 4th quarter worth approximately $53,249,000. Balyasny Asset Management L.P. raised its position in Matador Resources by 2,495.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 552,856 shares of the energy company’s stock worth $23,463,000 after buying an additional 531,551 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its stake in Matador Resources by 12.9% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,365,997 shares of the energy company’s stock valued at $142,853,000 after acquiring an additional 385,000 shares during the period. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Christopher P. Calvert acquired 1,500 shares of the firm’s stock in a transaction on 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 acquisition, the chief financial officer directly owned 41,500 shares in the company, valued at approximately $2,209,460. This trade represents a 3.75% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Glenn W. Stetson bought 500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was bought at an average price of $53.41 per share, for a total transaction of $26,705.00. Following the transaction, the chief operating officer owned 95,470 shares of the company’s stock, valued at approximately $5,099,052.70. This trade represents a 0.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders purchased 11,907 shares of company stock worth $635,712. Company insiders own 5.90% of the company’s stock.

Matador Resources Stock Down 0.0%

Matador Resources stock opened at $49.55 on Monday. The stock has a market capitalization of $6.15 billion, a PE ratio of 12.74 and a beta of 0.75. Matador Resources Company has a 12 month low of $37.14 and a 12 month high of $66.84. The business has a 50 day simple moving average of $56.84 and a 200-day simple moving average of $51.77. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.73 and a quick ratio of 0.70.

Matador Resources (NYSE:MTDR) last announced its earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.29. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The firm had revenue of $941.60 million for the quarter, compared to analyst estimates of $871.57 million. During the same quarter last year, the firm posted $1.99 EPS. The business’s revenue was down 33.8% on a year-over-year basis. On average, analysts anticipate that Matador Resources Company will post 7.5 EPS for the current fiscal year.

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were given a dividend of $0.375 per share. The ex-dividend date was Friday, May 8th. This represents a $1.50 dividend on an annualized basis and a yield of 3.0%. Matador Resources’s dividend payout ratio is currently 38.56%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MTDR shares. Weiss Ratings downgraded shares of Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. UBS Group raised their target price on shares of Matador Resources from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Truist Financial upgraded shares of Matador Resources from a “hold” rating to a “buy” rating and boosted their target price for the company from $60.00 to $67.00 in a research report on Tuesday, May 12th. Citigroup lowered their price target on shares of Matador Resources from $77.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $65.00 price target (up from $52.00) on shares of Matador Resources in a research report on Wednesday, April 8th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.08.

Matador Resources Company Profile

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.