6,819 Shares in Matador Resources Company $MTDR Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new position in Matador Resources Company (NYSE:MTDR - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 6,819 shares of the energy company's stock, valued at approximately $325,000.

A number of other large investors also recently modified their holdings of MTDR. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Matador Resources by 2,002.9% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,051,472 shares of the energy company's stock worth $53,720,000 after purchasing an additional 1,001,472 shares in the last quarter. Vanguard Group Inc. lifted its stake in Matador Resources by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company's stock valued at $690,310,000 after acquiring an additional 956,090 shares in the last quarter. LSV Asset Management lifted its stake in Matador Resources by 50.9% during the 1st quarter. LSV Asset Management now owns 2,289,379 shares of the energy company's stock valued at $116,964,000 after acquiring an additional 772,071 shares in the last quarter. Nuveen LLC bought a new position in Matador Resources during the 1st quarter valued at $35,715,000. Finally, Wellington Management Group LLP lifted its stake in Matador Resources by 30.5% during the 1st quarter. Wellington Management Group LLP now owns 2,043,715 shares of the energy company's stock valued at $104,413,000 after acquiring an additional 477,236 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MTDR has been the topic of several recent analyst reports. TD Cowen upgraded Matador Resources to a "strong-buy" rating in a research note on Monday, July 7th. Mizuho decreased their target price on Matador Resources from $73.00 to $69.00 and set an "outperform" rating for the company in a research report on Monday, September 15th. Morgan Stanley raised their target price on Matador Resources from $60.00 to $62.00 and gave the company an "equal weight" rating in a research report on Monday, August 18th. KeyCorp decreased their target price on Matador Resources from $62.00 to $61.00 and set an "overweight" rating for the company in a research report on Wednesday, September 3rd. Finally, UBS Group decreased their target price on Matador Resources from $49.00 to $48.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $67.27.

Insider Activity

In other news, EVP William Thomas Elsener bought 600 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was bought at an average price of $48.46 per share, for a total transaction of $29,076.00. Following the transaction, the executive vice president directly owned 112,069 shares of the company's stock, valued at $5,430,863.74. This represents a 0.54% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph Wm Foran bought 2,000 shares of the company's stock in a transaction that occurred on Friday, September 12th. The stock was purchased at an average price of $48.15 per share, with a total value of $96,300.00. Following the transaction, the chief executive officer directly owned 8,025 shares in the company, valued at $386,403.75. The trade was a 33.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 11,380 shares of company stock worth $549,188. 5.80% of the stock is currently owned by insiders.

Matador Resources Stock Performance

Shares of MTDR opened at $45.33 on Monday. The company has a market cap of $5.64 billion, a PE ratio of 6.64 and a beta of 1.49. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average price of $48.78 and a 200-day moving average price of $46.85. Matador Resources Company has a 12-month low of $35.19 and a 12-month high of $64.04.

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly 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 during 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%.The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $2.05 EPS. As a group, equities analysts forecast that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, August 15th. Matador Resources's dividend payout ratio (DPR) is 18.30%.

Matador Resources Company 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.

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