Thomist Capital Management LP Buys Shares of 80,200 Matador Resources Company $MTDR

Thomist Capital Management LP bought a new position in Matador Resources Company (NYSE:MTDR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 80,200 shares of the energy company’s stock, valued at approximately $3,992,000. Matador Resources comprises about 1.3% of Thomist Capital Management LP’s investment portfolio, making the stock its 22nd largest position.

Other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of Matador Resources during the 1st quarter valued at about $27,000. Kestra Investment Management LLC boosted its holdings in shares of Matador Resources by 225.2% in 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 last quarter. Center for Financial Planning Inc. purchased a new position in shares of Matador Resources in the first quarter worth approximately $41,000. Altshuler Shaham Ltd grew its position in Matador Resources by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock valued at $47,000 after buying an additional 201 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new stake in Matador Resources during the third quarter valued at approximately $35,000. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Price Performance

NYSE:MTDR opened at $57.50 on Tuesday. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 9.86 and a beta of 0.76. Matador Resources Company has a 1 year low of $37.14 and a 1 year high of $66.84. The business has a 50 day simple moving average of $51.58 and a 200-day simple moving average of $54.60. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.65 and a quick ratio of 0.62.

Matador Resources (NYSE:MTDR) last released its earnings results on Wednesday, August 5th. The energy company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.53. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $1.53 EPS. The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. Equities analysts forecast that Matador Resources Company will post 7.26 EPS for the current year.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 10th. Matador Resources’s payout ratio is presently 25.73%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MTDR. Morgan Stanley reduced their target price on shares of Matador Resources from $75.00 to $66.00 and set an “equal weight” rating for the company in a report on Monday, June 29th. UBS Group boosted their price objective on shares of Matador Resources from $54.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Citigroup reduced their price objective on Matador Resources from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. KeyCorp decreased their target price on Matador Resources from $73.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, August 13th. Finally, Wall Street Zen upgraded Matador Resources from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Matador Resources has a consensus rating of “Moderate Buy” and an average price target of $66.07.

Insider Activity

In other news, CEO Joseph Wm Foran bought 10,000 shares of the stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average price of $52.16 per share, for a total transaction of $521,600.00. Following the acquisition, the chief executive officer owned 25,617 shares of the company’s stock, valued at $1,336,182.72. The trade was a 64.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Christopher P. Calvert purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average cost of $53.24 per share, with a total value of $79,860.00. Following the completion of the purchase, the chief financial officer owned 41,500 shares in the company, valued at $2,209,460. This trade represents a 3.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 31,996 shares of company stock worth $1,675,663. 5.90% of the stock is currently owned by insiders.

Matador Resources 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.