Fox Run Management L.L.C. Invests $474,000 in Matador Resources Company $MTDR

Key Points

• Fox Run Management L.L.C. purchased 9,277 shares of Matador Resources (NYSE:MTDR), valued at approximately $474,000, in the first quarter of the year.
• Institutional ownership of Matador Resources is notably high, with hedge funds and institutional investors holding 91.98% of the stock, suggesting significant confidence in the company's future.
• Matador Resources recently declared a quarterly dividend of $0.3125 per share, with an annualized dividend yield of 2.7%, and also initiated a $400 million stock buyback program.

Fox Run Management L.L.C. acquired a new position in Matador Resources Company (NYSE:MTDR - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,277 shares of the energy company's stock, valued at approximately $474,000.

Other large investors have also modified their holdings of the company. MCF Advisors LLC acquired a new stake in shares of Matador Resources in the 1st quarter worth about $26,000. Opal Wealth Advisors LLC bought a new position in Matador Resources in the 1st quarter valued at about $28,000. Rakuten Securities Inc. grew its position in Matador Resources by 9,090.9% in the 1st quarter. Rakuten Securities Inc. now owns 1,011 shares of the energy company's stock valued at $52,000 after buying an additional 1,000 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in Matador Resources in the 4th quarter valued at about $68,000. Finally, Bayforest Capital Ltd grew its position in Matador Resources by 35.6% in the 1st quarter. Bayforest Capital Ltd now owns 1,858 shares of the energy company's stock valued at $95,000 after buying an additional 488 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company's stock.

Matador Resources Trading Up 4.2%

MTDR stock traded up $1.9330 during mid-day trading on Friday, reaching $48.2730. 1,222,721 shares of the stock traded hands, compared to its average volume of 1,638,780. The company has a current ratio of 0.85, a quick ratio of 0.81 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. The company has a market cap of $6.01 billion, a P/E ratio of 7.07 and a beta of 1.49. The stock's fifty day moving average is $49.40 and its 200-day moving average is $47.70.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The energy company reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.24. Matador Resources had a net margin of 22.57% and a return on equity of 16.53%. The company had revenue of $895.31 million during the quarter, compared to analyst estimates of $892.86 million. During the same period in the prior year, the firm earned $2.05 earnings per share. The business's quarterly revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts expect that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.3125 per share. The ex-dividend date of this dividend is 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 recent analyst reports. Morgan Stanley increased their target price on shares of Matador Resources from $60.00 to $62.00 and gave the company an "equal weight" rating in a research report on Monday, August 18th. Mizuho decreased their target price on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Wells Fargo & Company reduced their price objective on shares of Matador Resources from $80.00 to $74.00 and set an "overweight" rating for the company in a research report on Monday, June 16th. Bank of America initiated coverage on shares of Matador Resources in a research report on Monday, May 19th. They set a "buy" rating and a $56.00 price objective for the company. Finally, TD Cowen upgraded shares of Matador Resources to a "strong-buy" rating in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Matador Resources presently has an average rating of "Moderate Buy" and a consensus target price of $67.60.

Insider Buying and Selling

In other news, CEO Joseph Wm Foran acquired 2,000 shares of Matador Resources stock in a transaction on Tuesday, August 19th. The stock was bought at an average cost of $46.25 per share, with a total value of $92,500.00. Following the completion of the purchase, the chief executive officer owned 8,606 shares of the company's stock, valued at $398,027.50. This represents a 30.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.80% of the company's stock.

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.