Edgestream Partners L.P. Decreases Holdings in Matador Resources Company $MTDR

Edgestream Partners L.P. decreased its holdings in Matador Resources Company (NYSE:MTDR) by 39.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,734 shares of the energy company’s stock after selling 17,729 shares during the period. Edgestream Partners L.P.’s holdings in Matador Resources were worth $1,276,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MTDR. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Matador Resources by 298.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock worth $25,000 after purchasing an additional 400 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Matador Resources by 93.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock worth $26,000 after buying an additional 267 shares during the period. Allworth Financial LP lifted its stake in shares of Matador Resources by 182.0% in the 2nd quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock valued at $27,000 after acquiring an additional 364 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Matador Resources during the 2nd quarter valued at about $29,000. Finally, Quarry LP grew its position in Matador Resources by 70.8% during the 1st quarter. Quarry LP now owns 859 shares of the energy company’s stock worth $44,000 after acquiring an additional 356 shares during the last quarter. Institutional investors own 91.98% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on MTDR shares. Raymond James Financial reiterated an “outperform” rating and issued a $55.00 price objective (down previously from $63.00) on shares of Matador Resources in a research report on Monday, October 20th. Royal Bank Of Canada upped their price target on shares of Matador Resources from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Mizuho cut their price target on shares of Matador Resources from $69.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday, October 10th. UBS Group lowered their price objective on shares of Matador Resources from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. Finally, William Blair started coverage on shares of Matador Resources in a report on Monday, August 25th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $63.57.

Matador Resources Trading Up 1.2%

NYSE:MTDR opened at $45.17 on Friday. The company has a 50-day moving average price of $41.85 and a 200-day moving average price of $46.08. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of 7.22 and a beta of 1.11. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 0.55. Matador Resources Company has a 12 month low of $35.19 and a 12 month high of $64.04.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Tuesday, October 21st. The energy company reported $1.36 earnings per share (EPS) for the quarter, topping 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 company had revenue of $939.02 million during the quarter, compared to the consensus estimate of $893.22 million. During the same period in the prior year, the firm earned $1.89 earnings per share. Matador Resources’s revenue was up 4.4% on a year-over-year basis. Equities analysts predict that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 10th were given 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 3.3%. This is an increase from Matador Resources’s previous quarterly dividend of $0.31. Matador Resources’s dividend payout ratio is currently 23.96%.

Insider Activity at Matador Resources

In other news, EVP Robert T. Macalik purchased 1,500 shares of Matador Resources stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average cost of $38.25 per share, with a total value of $57,375.00. Following the completion of the purchase, the executive vice president directly owned 35,039 shares in the company, valued at approximately $1,340,241.75. This trade represents a 4.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Shelley F. Appel acquired 1,389 shares of the stock in a transaction on Thursday, November 6th. The shares were purchased at an average cost of $38.01 per share, with a total value of $52,795.89. Following the transaction, the director directly owned 5,084 shares of the company’s stock, valued at approximately $193,242.84. This trade represents a 37.59% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 41,726 shares of company stock valued at $1,674,234 over the last ninety days. Insiders own 5.80% of the company’s stock.

About Matador Resources

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.