Vaughan Nelson Investment Management L.P. Lowers Stock Holdings in Matador Resources Company $MTDR

Vaughan Nelson Investment Management L.P. trimmed its stake in Matador Resources Company (NYSE:MTDR) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 669,795 shares of the energy company’s stock after selling 27,420 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.53% of Matador Resources worth $31,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. purchased a new stake in Matador Resources in the 1st quarter valued at about $263,000. GAMMA Investing LLC lifted its position in shares of Matador Resources by 42.8% in the 1st quarter. GAMMA Investing LLC now owns 2,698 shares of the energy company’s stock worth $138,000 after purchasing an additional 809 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Matador Resources in the 1st quarter worth approximately $885,000. OneDigital Investment Advisors LLC purchased a new stake in shares of Matador Resources in the 1st quarter worth approximately $200,000. Finally, Penserra Capital Management LLC lifted its position in shares of Matador Resources by 89.9% in the 1st quarter. Penserra Capital Management LLC now owns 15,570 shares of the energy company’s stock worth $795,000 after purchasing an additional 7,369 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MTDR shares. William Blair started coverage on shares of Matador Resources in a research report on Monday, August 25th. They issued an “outperform” rating for the company. UBS Group lowered their price target on shares of Matador Resources from $49.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, August 20th. KeyCorp lowered their price target on shares of Matador Resources from $62.00 to $61.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. Mizuho lowered their price target on shares of Matador Resources from $73.00 to $69.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Finally, Raymond James Financial boosted their price objective on shares of Matador Resources from $60.00 to $63.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.50.

Insider Buying and Selling at Matador Resources

In related news, CEO Joseph Wm Foran purchased 5,000 shares of the business’s stock in a transaction on Friday, August 1st. The shares were acquired at an average price of $49.17 per share, for a total transaction of $245,850.00. Following the purchase, the chief executive officer owned 6,606 shares of the company’s stock, valued at $324,817.02. This trade represents a 311.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Christopher P. Calvert purchased 1,000 shares of the business’s stock in a transaction on Friday, September 12th. The shares were bought at an average price of $47.77 per share, for a total transaction of $47,770.00. Following the purchase, the chief operating officer directly owned 37,500 shares in the company, valued at $1,791,375. This represents a 2.74% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 11,380 shares of company stock worth $549,188. 5.80% of the stock is owned by corporate insiders.

Matador Resources Stock Up 3.9%

Shares of MTDR stock opened at $45.03 on Friday. Matador Resources Company has a 1-year low of $35.19 and a 1-year high of $64.04. The stock’s fifty day moving average price is $47.84 and its 200 day moving average price is $46.75. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.81. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 6.59 and a beta of 1.41.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, July 22nd. The energy company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.24. Matador Resources had a net margin of 22.57% and a return on equity of 16.53%. The business had revenue of $895.31 million for the quarter, compared to analyst estimates of $892.86 million. During the same quarter in the prior year, the business posted $2.05 EPS. Matador Resources’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, research analysts expect that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a dividend of $0.3125 per share. The ex-dividend date was Friday, August 15th. This represents a $1.25 dividend on an annualized basis and a yield of 2.8%. Matador Resources’s dividend payout ratio is presently 18.30%.

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.