Value Holdings Management CO. LLC Purchases Shares of 834,308 Matador Resources Company $MTDR

Value Holdings Management CO. LLC purchased a new stake in shares of Matador Resources Company (NYSE:MTDR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 834,308 shares of the energy company’s stock, valued at approximately $41,532,000. Matador Resources comprises approximately 6.9% of Value Holdings Management CO. LLC’s holdings, making the stock its 4th largest holding. Value Holdings Management CO. LLC owned 0.67% of Matador Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in Matador Resources in the 1st quarter valued at approximately $27,000. Kestra Investment Management LLC boosted its position in Matador Resources by 225.2% during the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after acquiring an additional 358 shares during the period. Center for Financial Planning Inc. acquired a new position in Matador Resources during the 1st quarter worth $41,000. Altshuler Shaham Ltd grew its stake in shares of Matador Resources by 36.7% in the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock worth $47,000 after purchasing an additional 201 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Matador Resources in the third quarter worth $35,000. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MTDR has been the topic of a number of recent analyst reports. KeyCorp cut their price objective on shares of Matador Resources from $73.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, August 13th. Stephens increased their target price on shares of Matador Resources from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Roth Capital raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Monday, June 22nd. Citigroup dropped their price target on shares of Matador Resources from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Finally, Mizuho raised shares of Matador Resources to a “strong-buy” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.07.

Insider Buying and Selling at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran acquired 5,000 shares of Matador Resources stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of $51.44 per share, for a total transaction of $257,200.00. Following the transaction, the chief executive officer owned 30,617 shares in the company, valued at approximately $1,574,938.48. This trade represents a 19.52% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William Thomas Elsener acquired 850 shares of the stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $50.94 per share, for a total transaction of $43,299.00. Following the purchase, the executive vice president directly owned 114,879 shares in the company, valued at approximately $5,851,936.26. The trade was a 0.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 31,996 shares of company stock valued at $1,675,663 over the last 90 days. Insiders own 5.90% of the company’s stock.

Matador Resources Stock Up 0.7%

MTDR opened at $58.42 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65. The company has a market capitalization of $7.23 billion, a PE ratio of 10.02 and a beta of 0.76. The stock’s fifty day moving average is $51.37 and its 200-day moving average is $54.40. Matador Resources Company has a one year low of $37.14 and a one year high of $66.84.

Matador Resources (NYSE:MTDR) last announced 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. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The company’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter last year, the business posted $1.53 earnings per share. On average, equities analysts predict that Matador Resources Company will post 7.19 EPS for the current fiscal year.

Matador Resources Announces Dividend

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

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.