Vaughan Nelson Investment Management L.P. Raises Stake in Matador Resources Company $MTDR

Vaughan Nelson Investment Management L.P. raised its position in Matador Resources Company (NYSE:MTDR) by 64.3% during the third quarter, HoldingsChannel reports. The firm owned 1,100,805 shares of the energy company’s stock after buying an additional 431,010 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Matador Resources were worth $49,459,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MTDR. NBC Securities Inc. lifted its holdings in shares of Matador Resources by 113.4% in the 2nd quarter. NBC Securities Inc. now owns 15,896 shares of the energy company’s stock valued at $758,000 after purchasing an additional 8,447 shares during the last quarter. Royal Bank of Canada increased its position in Matador Resources by 13.3% during the first quarter. Royal Bank of Canada now owns 439,972 shares of the energy company’s stock worth $22,478,000 after buying an additional 51,499 shares during the period. LSV Asset Management lifted its stake in Matador Resources by 45.7% in the second quarter. LSV Asset Management now owns 3,334,775 shares of the energy company’s stock valued at $159,135,000 after buying an additional 1,045,396 shares during the last quarter. United Services Automobile Association purchased a new stake in Matador Resources in the first quarter valued at approximately $383,000. Finally, Thomist Capital Management LP acquired a new stake in shares of Matador Resources in the second quarter valued at approximately $4,289,000. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Matador Resources Stock Down 0.5%

Shares of NYSE:MTDR opened at $41.19 on Wednesday. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $64.04. The company has a quick ratio of 0.69, a current ratio of 0.73 and a debt-to-equity ratio of 0.55. The firm’s 50-day simple moving average is $41.67 and its 200-day simple moving average is $45.45. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 6.58 and a beta of 1.09.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, October 21st. The energy company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.14. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. The firm had revenue of $939.02 million during the quarter, compared to the consensus estimate of $893.22 million. During the same quarter last year, the firm earned $1.89 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 10th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.50 annualized dividend and a dividend yield of 3.6%. This is an increase from Matador Resources’s previous quarterly dividend of $0.31. Matador Resources’s payout ratio is 23.96%.

Insider Transactions at Matador Resources

In other Matador Resources news, EVP Robert T. Macalik acquired 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average price of $38.25 per share, with a total value of $57,375.00. Following the completion of the acquisition, the executive vice president directly owned 35,039 shares of the company’s stock, valued at approximately $1,340,241.75. The trade was a 4.47% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Susan M. Ward bought 5,000 shares of Matador Resources stock in a transaction on Monday, November 3rd. The stock was acquired at an average cost of $39.04 per share, with a total value of $195,200.00. Following the acquisition, the director owned 14,923 shares of the company’s stock, valued at $582,593.92. This trade represents a 50.39% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 37,346 shares of company stock valued at $1,463,396. 5.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on MTDR shares. Morgan Stanley reduced their price target on shares of Matador Resources from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 14th. Mizuho upped their target price on shares of Matador Resources from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, December 12th. KeyCorp reiterated an “overweight” rating on shares of Matador Resources in a research note on Friday, December 19th. BMO Capital Markets restated an “outperform” rating on shares of Matador Resources in a research report on Thursday, December 18th. Finally, UBS Group upped their price objective on Matador Resources from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.77.

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.