Value Holdings Management CO. LLC Has $32.61 Million Position in Matador Resources Company $MTDR

Value Holdings Management CO. LLC raised its holdings in Matador Resources Company (NYSE:MTDR) by 10.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 768,308 shares of the energy company’s stock after acquiring an additional 75,300 shares during the quarter. Matador Resources makes up 5.5% of Value Holdings Management CO. LLC’s holdings, making the stock its 7th largest holding. Value Holdings Management CO. LLC’s holdings in Matador Resources were worth $32,607,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTDR. MAI Capital Management lifted its position in shares of Matador Resources by 13.9% during the second quarter. MAI Capital Management now owns 1,726 shares of the energy company’s stock worth $82,000 after purchasing an additional 210 shares during the last quarter. Beacon Pointe Advisors LLC boosted its stake in shares of Matador Resources by 4.3% during the second quarter. Beacon Pointe Advisors LLC now owns 5,281 shares of the energy company’s stock valued at $252,000 after purchasing an additional 216 shares during the period. Fiduciary Trust Co grew its holdings in shares of Matador Resources by 2.2% in the third quarter. Fiduciary Trust Co now owns 11,821 shares of the energy company’s stock worth $531,000 after purchasing an additional 253 shares during the last quarter. Sivia Capital Partners LLC increased its stake in Matador Resources by 5.4% in the 3rd quarter. Sivia Capital Partners LLC now owns 5,625 shares of the energy company’s stock worth $253,000 after buying an additional 290 shares during the period. Finally, Hancock Whitney Corp increased its stake in Matador Resources by 0.5% in the 3rd quarter. Hancock Whitney Corp now owns 60,150 shares of the energy company’s stock worth $2,703,000 after buying an additional 315 shares during the period. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Up 5.1%

NYSE:MTDR opened at $64.18 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.79 and a quick ratio of 0.75. Matador Resources Company has a 1-year low of $35.19 and a 1-year high of $64.48. The company has a 50-day moving average of $50.63 and a 200 day moving average of $45.62. The firm has a market cap of $7.97 billion, a PE ratio of 10.52 and a beta of 1.07.

Matador Resources (NYSE:MTDR) last posted its earnings results on Tuesday, February 24th. The energy company reported $0.87 EPS for the quarter, beating 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 business had revenue of $847.99 million for the quarter, compared to the consensus estimate of $811.13 million. During the same quarter last year, the firm posted $1.83 EPS. The company’s revenue for the quarter was down 15.7% on a year-over-year basis. As a group, research analysts anticipate that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Friday, February 27th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, February 27th. Matador Resources’s dividend payout ratio (DPR) is presently 24.59%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MTDR. Wells Fargo & Company boosted their price objective on shares of Matador Resources from $47.00 to $54.00 and gave the company an “equal weight” rating in a research report on Monday, March 16th. Morgan Stanley reduced their target price on shares of Matador Resources from $56.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Friday, January 23rd. KeyCorp reaffirmed an “overweight” rating on shares of Matador Resources in a research note on Friday, December 19th. TD Cowen boosted their price target on Matador Resources from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 17th. Finally, Royal Bank Of Canada dropped their price objective on Matador Resources from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.29.

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.