Matador Resources Company $MTDR Shares Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC boosted its stake in Matador Resources Company (NYSE:MTDR) by 264.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 111,727 shares of the energy company’s stock after buying an additional 81,102 shares during the period. Aquatic Capital Management LLC owned approximately 0.09% of Matador Resources worth $5,020,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Kestra Investment Management LLC boosted its position in shares of Matador Resources by 225.2% during the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after buying an additional 358 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Matador Resources by 298.5% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock valued at $25,000 after buying an additional 400 shares during the period. Allworth Financial LP lifted its stake in Matador Resources by 182.0% during the 2nd quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock worth $27,000 after acquiring an additional 364 shares in the last quarter. Rothschild Investment LLC lifted its stake in Matador Resources by 5,927.3% during the 3rd quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after acquiring an additional 652 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Matador Resources by 361.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after acquiring an additional 690 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MTDR. Mizuho increased their price target on shares of Matador Resources from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. KeyCorp restated an “overweight” rating on shares of Matador Resources in a report on Friday, December 19th. BMO Capital Markets upped their target price on shares of Matador Resources from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Royal Bank Of Canada reduced their target price 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. Finally, Morgan Stanley decreased their price target on shares of 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 issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.92.

Matador Resources Price Performance

Shares of MTDR opened at $56.36 on Tuesday. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 9.24 and a beta of 1.07. The firm’s fifty day simple moving average is $47.84 and its 200-day simple moving average is $45.02. Matador Resources Company has a twelve month low of $35.19 and a twelve month high of $58.32. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 0.57.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, February 24th. The energy company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.16. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%. The firm had revenue of $847.99 million during the quarter, compared to the consensus estimate of $811.13 million. During the same quarter in the previous year, the firm posted $1.83 earnings per share. The company’s revenue was down 15.7% compared to the same quarter last year. Equities analysts forecast that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Friday, February 27th were paid a dividend of $0.375 per share. The ex-dividend date was Friday, February 27th. This represents a $1.50 annualized dividend and a yield of 2.7%. Matador Resources’s payout ratio is presently 24.59%.

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.