Northwestern Mutual Wealth Management Co. Makes New Investment in Matador Resources Company $MTDR

Northwestern Mutual Wealth Management Co. acquired a new position in shares of Matador Resources Company (NYSE:MTDR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 23,307 shares of the energy company’s stock, valued at approximately $1,160,000.

A number of other institutional investors also recently made changes to their positions in MTDR. BlackRock Inc. bought a new position in Matador Resources during the 2nd quarter valued at $573,936,000. Wellington Management Group LLP grew its holdings in Matador Resources by 65.0% during the 4th quarter. Wellington Management Group LLP now owns 3,406,182 shares of the energy company’s stock worth $144,558,000 after acquiring an additional 1,342,145 shares in the last quarter. Encompass Capital Advisors LLC bought a new stake in shares of Matador Resources in the 4th quarter worth about $53,249,000. Bank of New York Mellon Corp bought a new stake in shares of Matador Resources in the 2nd quarter worth about $56,161,000. Finally, Value Holdings Management CO. LLC acquired a new stake in shares of Matador Resources in the 2nd quarter valued at about $41,532,000. 91.98% of the stock is owned by institutional investors and hedge funds.

Matador Resources Stock Down 3.3%

Shares of NYSE:MTDR opened at $55.62 on Wednesday. The company’s fifty day moving average is $51.67 and its two-hundred day moving average is $54.66. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65. Matador Resources Company has a 1-year low of $37.14 and a 1-year high of $66.84. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of 9.54 and a beta of 0.76.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.08 by $0.53. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business posted $1.53 EPS. The company’s quarterly revenue was up 32.5% on a year-over-year basis. Equities analysts anticipate that Matador Resources Company will post 7.26 EPS for the current year.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.50 dividend on an annualized basis and a yield of 2.7%. Matador Resources’s dividend payout ratio (DPR) is currently 25.73%.

Analyst Ratings Changes

Several equities analysts have recently commented on MTDR shares. Wall Street Zen raised shares of Matador Resources from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings raised Matador Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. UBS Group upped their price objective on Matador Resources from $54.00 to $56.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Wells Fargo & Company increased their target price on Matador Resources from $63.00 to $79.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Finally, Citigroup decreased their target price on Matador Resources from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.07.

Insider Buying and Selling

In related news, CFO Christopher P. Calvert bought 1,500 shares of the stock in a transaction dated Friday, May 29th. The stock was bought 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 owned 41,500 shares of the company’s stock, valued at $2,209,460. This trade represents a 3.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William Thomas Elsener purchased 850 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were bought at an average price of $50.94 per share, for a total transaction of $43,299.00. Following the completion of the transaction, the executive vice president directly owned 114,879 shares in the company, valued at approximately $5,851,936.26. This trade represents a 0.75% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 27,321 shares of company stock valued at $1,430,880. 5.90% of the stock is currently owned by insiders.

About Matador Resources

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.