F m Investments LLC Increases Position in Matador Resources Company $MTDR

F m Investments LLC boosted its holdings in shares of Matador Resources Company (NYSE:MTDR) by 30.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,281 shares of the energy company’s stock after acquiring an additional 24,522 shares during the quarter. F m Investments LLC owned 0.09% of Matador Resources worth $5,072,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. MAI Capital Management increased its stake in Matador Resources by 13.9% in the 2nd quarter. MAI Capital Management now owns 1,726 shares of the energy company’s stock worth $82,000 after buying an additional 210 shares during the period. ProShare Advisors LLC increased its position in shares of Matador Resources by 4.5% during the second quarter. ProShare Advisors LLC now owns 5,163 shares of the energy company’s stock worth $246,000 after acquiring an additional 220 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Matador Resources by 93.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock valued at $26,000 after acquiring an additional 267 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Matador Resources by 16.5% in the second quarter. Huntington National Bank now owns 1,939 shares of the energy company’s stock valued at $93,000 after purchasing an additional 274 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of Matador Resources by 0.5% in the second quarter. Concurrent Investment Advisors LLC now owns 55,776 shares of the energy company’s stock valued at $2,662,000 after purchasing an additional 294 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MTDR. Raymond James Financial reiterated an “outperform” rating and issued a $55.00 target price (down from $63.00) on shares of Matador Resources in a report on Monday, October 20th. KeyCorp reduced their price objective on shares of Matador Resources from $61.00 to $52.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Bank of America dropped their target price on Matador Resources from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Mizuho reduced their price target on Matador Resources from $69.00 to $67.00 and set an “outperform” rating for the company in a research report on Friday, October 10th. Finally, UBS Group decreased their price objective on Matador Resources from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and an average target price of $63.57.

Insider Activity

In other news, insider Van H. Singleton II bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average cost of $39.46 per share, with a total value of $39,460.00. Following the transaction, the insider directly owned 292,418 shares in the company, valued at approximately $11,538,814.28. The trade was a 0.34% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Robert T. Macalik acquired 1,500 shares of Matador Resources stock in a transaction dated Thursday, November 6th. The stock was purchased at an average price of $38.25 per share, with a total value of $57,375.00. Following the completion of the purchase, the executive vice president owned 35,039 shares of the company’s stock, valued at approximately $1,340,241.75. The trade was a 4.47% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 41,726 shares of company stock valued at $1,674,234. 5.80% of the stock is owned by corporate insiders.

Matador Resources Price Performance

Shares of NYSE MTDR opened at $41.70 on Friday. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week high of $64.04. The company has a market cap of $5.18 billion, a PE ratio of 6.66 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.69 and a current ratio of 0.73. The business has a 50-day simple moving average of $42.24 and a two-hundred day simple moving average of $46.13.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, October 21st. The energy company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.22 by $0.14. The firm had revenue of $939.02 million during the quarter, compared to analyst estimates of $893.22 million. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. Matador Resources’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $1.89 EPS. As a group, equities analysts expect that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.375 per share. The ex-dividend date is Monday, November 10th. This is an increase from Matador Resources’s previous quarterly dividend of $0.31. This represents a $1.50 annualized dividend and a dividend yield of 3.6%. Matador Resources’s payout ratio is presently 23.96%.

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.