Delphi Management Inc. MA Sells 922 Shares of Matador Resources Company $MTDR

Delphi Management Inc. MA decreased its stake in Matador Resources Company (NYSE:MTDR) by 4.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,380 shares of the energy company’s stock after selling 922 shares during the quarter. Delphi Management Inc. MA’s holdings in Matador Resources were worth $1,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Adage Capital Partners GP L.L.C. raised its stake in Matador Resources by 2,002.9% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,051,472 shares of the energy company’s stock valued at $53,720,000 after purchasing an additional 1,001,472 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Matador Resources by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company’s stock worth $690,310,000 after purchasing an additional 956,090 shares during the period. LSV Asset Management boosted its holdings in shares of Matador Resources by 50.9% in the 1st quarter. LSV Asset Management now owns 2,289,379 shares of the energy company’s stock worth $116,964,000 after purchasing an additional 772,071 shares during the period. Nuveen LLC purchased a new position in shares of Matador Resources in the 1st quarter worth approximately $35,715,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Matador Resources by 30.5% in the 1st quarter. Wellington Management Group LLP now owns 2,043,715 shares of the energy company’s stock worth $104,413,000 after purchasing an additional 477,236 shares during the period. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Insider Activity at Matador Resources

In other news, CEO Joseph Wm Foran bought 5,000 shares of Matador Resources stock in a transaction on Friday, August 1st. The stock was acquired at an average price of $49.17 per share, with a total value of $245,850.00. Following the completion of the acquisition, the chief executive officer directly owned 6,606 shares of the company’s stock, valued at $324,817.02. The trade was a 311.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.80% of the stock is owned by insiders.

Matador Resources Stock Down 1.8%

Shares of MTDR opened at $47.72 on Friday. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 6.99 and a beta of 1.49. The stock’s 50-day moving average price is $49.23 and its 200-day moving average price is $46.90. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. Matador Resources Company has a 52 week low of $35.19 and a 52 week high of $64.04.

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, topping analysts’ consensus estimates of $1.29 by $0.24. The company had revenue of $895.31 million for the quarter, compared to the consensus estimate of $892.86 million. Matador Resources had a return on equity of 16.53% and a net margin of 22.57%.Matador Resources’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.05 earnings per share. On average, sell-side analysts predict that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given 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 2.6%. Matador Resources’s dividend payout ratio is currently 18.30%.

Wall Street Analysts Forecast Growth

MTDR has been the subject of a number of research analyst reports. Raymond James Financial raised their price target on Matador Resources from $60.00 to $63.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. TD Cowen raised Matador Resources to a “strong-buy” rating in a research report on Monday, July 7th. Bank of America started coverage on Matador Resources in a research report on Monday, May 19th. They issued a “buy” rating and a $56.00 price target for the company. Wells Fargo & Company reduced their target price on Matador Resources from $80.00 to $74.00 and set an “overweight” rating on the stock in a research report on Monday, June 16th. Finally, KeyCorp reduced their target price on Matador Resources from $62.00 to $61.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.53.

About Matador Resources

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.