Neo Ivy Capital Management Makes New $871,000 Investment in Matador Resources Company $MTDR

Neo Ivy Capital Management bought a new position in shares of Matador Resources Company (NYSE:MTDR) during the 3rd quarter, HoldingsChannel reports. The fund bought 19,394 shares of the energy company’s stock, valued at approximately $871,000.

Other large investors have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. increased its stake in shares of Matador Resources by 64.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,100,805 shares of the energy company’s stock worth $49,459,000 after acquiring an additional 431,010 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Matador Resources by 3.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,032,602 shares of the energy company’s stock valued at $46,395,000 after purchasing an additional 37,889 shares during the period. Thomist Capital Management LP purchased a new stake in shares of Matador Resources in the second quarter valued at about $4,289,000. Mitsubishi UFJ Trust & Banking Corp increased its position in Matador Resources by 309.6% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 32,010 shares of the energy company’s stock worth $1,438,000 after purchasing an additional 24,195 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. acquired a new stake in Matador Resources during the third quarter worth about $1,887,000. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MTDR has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Matador Resources in a report on Friday, January 9th. UBS Group raised their price target on shares of Matador Resources from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday. Mizuho upped their price objective on Matador Resources from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, December 12th. BMO Capital Markets reiterated an “outperform” rating on shares of Matador Resources in a report on Thursday, December 18th. Finally, Citigroup increased their price objective on Matador Resources from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $58.82.

Matador Resources Trading Up 2.5%

Shares of MTDR stock opened at $56.37 on Friday. Matador Resources Company has a 1-year low of $35.19 and a 1-year high of $56.55. The firm has a market cap of $7.00 billion, a PE ratio of 9.24 and a beta of 1.07. The company has a 50-day moving average of $46.20 and a two-hundred day moving average of $44.72. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.79 and a quick ratio of 0.75.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, February 24th. The energy company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.16. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%. The business had revenue of $847.99 million for the quarter, compared to the consensus estimate of $811.13 million. During the same period in the previous year, the firm earned $1.83 EPS. The business’s revenue was down 15.7% on a year-over-year basis. On average, analysts predict that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 27th will be given a $0.375 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.50 dividend on an annualized basis and a yield of 2.7%. Matador Resources’s payout ratio is presently 24.59%.

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.