Versor Investments LP Grows Stock Holdings in Matador Resources (NYSE:MTDR)

Versor Investments LP grew its stake in shares of Matador Resources (NYSE:MTDR) by 154.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,650 shares of the energy company’s stock after acquiring an additional 14,369 shares during the period. Versor Investments LP’s holdings in Matador Resources were worth $1,410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC boosted its position in Matador Resources by 32.9% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 23,221 shares of the energy company’s stock valued at $1,320,000 after purchasing an additional 5,747 shares in the last quarter. TFO Wealth Partners LLC raised its stake in shares of Matador Resources by 310,920.0% during the 4th quarter. TFO Wealth Partners LLC now owns 15,551 shares of the energy company’s stock worth $884,000 after acquiring an additional 15,546 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Matador Resources in the first quarter valued at approximately $828,000. Prevail Innovative Wealth Advisors LLC increased its position in shares of Matador Resources by 28.6% during the first quarter. Prevail Innovative Wealth Advisors LLC now owns 37,163 shares of the energy company’s stock worth $2,481,000 after purchasing an additional 8,254 shares in the last quarter. Finally, Burford Brothers Inc. purchased a new stake in shares of Matador Resources during the 4th quarter valued at $1,535,000. Institutional investors own 91.98% of the company’s stock.

Matador Resources Trading Down 2.4 %

Matador Resources stock traded down $1.41 during trading on Monday, reaching $56.72. 1,185,600 shares of the company were exchanged, compared to its average volume of 1,497,015. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.82. The stock’s 50 day simple moving average is $58.92 and its two-hundred day simple moving average is $61.79. The company has a market capitalization of $7.08 billion, a P/E ratio of 7.77 and a beta of 3.29. Matador Resources has a 52-week low of $50.79 and a 52-week high of $71.08.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Tuesday, July 23rd. The energy company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.29. The firm had revenue of $847.14 million during the quarter, compared to analysts’ expectations of $822.55 million. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. Matador Resources’s revenue was up 32.8% compared to the same quarter last year. During the same period last year, the business earned $1.42 earnings per share. On average, equities research analysts expect that Matador Resources will post 7.83 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.80 annualized dividend and a yield of 1.41%. Matador Resources’s payout ratio is 10.96%.

Analysts Set New Price Targets

MTDR has been the subject of several recent analyst reports. Mizuho raised their price target on Matador Resources from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, June 14th. Wolfe Research assumed coverage on shares of Matador Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of Matador Resources in a research note on Thursday, July 25th. Truist Financial cut their target price on Matador Resources from $91.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Finally, Stephens dropped their price target on Matador Resources from $83.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Matador Resources currently has an average rating of “Moderate Buy” and a consensus target price of $78.17.

Insiders Place Their Bets

In other Matador Resources news, CEO Joseph Wm Foran purchased 2,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was acquired at an average cost of $55.96 per share, for a total transaction of $111,920.00. Following the acquisition, the chief executive officer now owns 35,251 shares in the company, valued at approximately $1,972,645.96. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other Matador Resources news, EVP Bryan A. Erman purchased 1,750 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was bought at an average price of $55.90 per share, with a total value of $97,825.00. Following the transaction, the executive vice president now directly owns 1,750 shares of the company’s stock, valued at approximately $97,825. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph Wm Foran purchased 2,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $55.96 per share, with a total value of $111,920.00. Following the completion of the acquisition, the chief executive officer now directly owns 35,251 shares of the company’s stock, valued at $1,972,645.96. The disclosure for this purchase can be found here. Insiders acquired a total of 4,250 shares of company stock valued at $236,995 over the last quarter. 6.10% of the stock is owned by insiders.

Matador Resources Company Profile

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.