Vanguard Personalized Indexing Management LLC Buys 7,736 Shares of Matador Resources Company $MTDR

Vanguard Personalized Indexing Management LLC increased its position in shares of Matador Resources Company (NYSE:MTDR) by 50.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 22,938 shares of the energy company’s stock after purchasing an additional 7,736 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Matador Resources were worth $1,095,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTDR. GAMMA Investing LLC raised its holdings in shares of Matador Resources by 42.8% in the 1st quarter. GAMMA Investing LLC now owns 2,698 shares of the energy company’s stock valued at $138,000 after purchasing an additional 809 shares during the period. Exchange Traded Concepts LLC grew its holdings in Matador Resources by 1,263.2% during the first quarter. Exchange Traded Concepts LLC now owns 2,781 shares of the energy company’s stock worth $142,000 after purchasing an additional 2,577 shares during the period. Janney Montgomery Scott LLC increased its position in Matador Resources by 3.2% during the first quarter. Janney Montgomery Scott LLC now owns 10,868 shares of the energy company’s stock worth $555,000 after buying an additional 340 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in Matador Resources in the first quarter valued at approximately $719,000. Finally, State of Alaska Department of Revenue raised its stake in Matador Resources by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 13,598 shares of the energy company’s stock valued at $694,000 after buying an additional 365 shares during the period. 91.98% of the stock is owned by institutional investors.

Matador Resources Stock Up 0.1%

Shares of MTDR opened at $43.00 on Friday. The firm has a 50 day simple moving average of $46.80 and a two-hundred day simple moving average of $46.14. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.81. Matador Resources Company has a one year low of $35.19 and a one year high of $64.04. The company has a market cap of $5.35 billion, a P/E ratio of 6.30 and a beta of 1.41.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, July 22nd. The energy company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.24. The firm had revenue of $895.31 million for the quarter, compared to analysts’ expectations of $892.86 million. Matador Resources had a return on equity of 16.53% and a net margin of 22.57%.The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 earnings per share. Research analysts forecast that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 3.5%. This is a boost from Matador Resources’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, November 10th. Matador Resources’s dividend payout ratio (DPR) is currently 18.30%.

Insider Activity

In other news, COO Christopher P. Calvert bought 1,000 shares of the company’s stock in a transaction on Friday, September 12th. The stock was purchased at an average cost of $47.77 per share, for a total transaction of $47,770.00. Following the completion of the transaction, the chief operating officer owned 37,500 shares of the company’s stock, valued at $1,791,375. This trade represents a 2.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joseph Wm Foran purchased 5,000 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were purchased at an average cost of $49.17 per share, for a total transaction of $245,850.00. Following the completion of the purchase, the chief executive officer directly owned 6,606 shares of the company’s stock, valued at approximately $324,817.02. This represents a 311.33% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 11,380 shares of company stock worth $549,188. Insiders own 5.80% of the company’s stock.

Wall Street Analyst Weigh In

MTDR has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Matador Resources in a research note on Tuesday, October 14th. William Blair began coverage on shares of Matador Resources in a report on Monday, August 25th. They issued an “outperform” rating on the stock. Wells Fargo & Company cut their target price on shares of Matador Resources from $77.00 to $76.00 and set an “overweight” rating for the company in a research note on Monday, October 13th. TD Cowen raised shares of Matador Resources to a “strong-buy” rating in a report on Monday, July 7th. Finally, Raymond James Financial increased their price target on shares of Matador Resources from $60.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.36.

Matador Resources Profile

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.