NFJ Investment Group LLC Makes New $8.50 Million Investment in Matador Resources Company $MTDR

NFJ Investment Group LLC bought a new position in shares of Matador Resources Company (NYSE:MTDR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 170,685 shares of the energy company’s stock, valued at approximately $8,497,000.

Other hedge funds have also added to or reduced their stakes in the company. Kestra Investment Management LLC grew its holdings in shares of Matador Resources by 225.2% in the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after acquiring an additional 358 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Matador Resources during the first quarter worth about $27,000. Measured Wealth Private Client Group LLC acquired a new position in Matador Resources during the third quarter valued at approximately $35,000. Center for Financial Planning Inc. acquired a new position in Matador Resources during the first quarter valued at approximately $41,000. Finally, Gilpin Wealth Management LLC bought a new position in Matador Resources in the fourth quarter valued at approximately $42,000. Institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Performance

Shares of NYSE:MTDR opened at $58.42 on Friday. Matador Resources Company has a 12-month low of $37.14 and a 12-month high of $66.84. The company’s 50 day moving average price is $51.37 and its two-hundred day moving average price is $54.40. The firm has a market cap of $7.23 billion, a PE ratio of 10.02 and a beta of 0.76. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 0.67.

Matador Resources (NYSE:MTDR) last released its earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.53. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the firm posted $1.53 EPS. Matador Resources’s quarterly revenue was up 32.5% on a year-over-year basis. Equities research analysts predict that Matador Resources Company will post 7.19 earnings per share for the current year.

Matador Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be given a $0.375 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.50 dividend on an annualized basis and a yield of 2.6%. Matador Resources’s dividend payout ratio (DPR) is currently 25.73%.

Insider Activity at Matador Resources

In other news, CEO Joseph Wm Foran acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average price of $51.44 per share, with a total value of $257,200.00. Following the acquisition, the chief executive officer directly owned 30,617 shares in the company, valued at $1,574,938.48. The trade was a 19.52% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP William Thomas Elsener purchased 850 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were purchased at an average cost of $50.94 per share, for a total transaction of $43,299.00. Following the completion of the purchase, the executive vice president directly owned 114,879 shares of the company’s stock, valued at approximately $5,851,936.26. This represents a 0.75% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 31,996 shares of company stock worth $1,675,663. Corporate insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. KeyCorp dropped their price target on shares of Matador Resources from $73.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, August 13th. Stephens boosted their price objective on shares of Matador Resources from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Citigroup dropped their target price on shares of Matador Resources from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Morgan Stanley cut their target price on shares of Matador Resources from $75.00 to $66.00 and set an “equal weight” rating for the company in a research note on Monday, June 29th. Finally, Zacks Research cut Matador Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.07.

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.