AXQ Capital LP Acquires New Holdings in Matador Resources Company $MTDR

AXQ Capital LP purchased a new position in shares of Matador Resources Company (NYSE:MTDR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,668 shares of the energy company’s stock, valued at approximately $1,108,000.

A number of other large investors have also made changes to their positions in MTDR. Jones Financial Companies Lllp grew its position in shares of Matador Resources by 1,104.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock valued at $103,000 after purchasing an additional 1,845 shares during the period. Geneos Wealth Management Inc. lifted its stake in Matador Resources by 361.3% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after buying an additional 690 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Matador Resources in the second quarter valued at approximately $255,000. Ethic Inc. bought a new stake in shares of Matador Resources during the second quarter worth $284,000. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Matador Resources by 19.2% during the second quarter. State of New Jersey Common Pension Fund D now owns 43,198 shares of the energy company’s stock worth $2,061,000 after acquiring an additional 6,971 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.

Matador Resources Price Performance

Matador Resources stock opened at $51.20 on Tuesday. The stock’s 50 day moving average is $44.22 and its 200-day moving average is $44.34. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 8.18 and a beta of 1.14. Matador Resources Company has a 12 month low of $35.19 and a 12 month high of $54.20. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 27th will be paid a $0.375 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.50 annualized dividend and a dividend yield of 2.9%. Matador Resources’s dividend payout ratio is 23.96%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wells Fargo & Company downgraded Matador Resources from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $61.00 to $47.00 in a report on Tuesday, January 27th. Royal Bank Of Canada lowered their price objective on shares of Matador Resources from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Tuesday, January 13th. Bank of America cut their price target on shares of Matador Resources from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Citigroup began coverage on Matador Resources in a research report on Monday, December 8th. They issued a “buy” rating and a $53.00 target price on the stock. Finally, Morgan Stanley reduced their price target on Matador Resources from $56.00 to $52.00 and set an “equal weight” rating for the company in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.82.

About Matador Resources

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.