Matador Resources Company $MTDR Stake Raised by Value Holdings Management CO. LLC

Key Points

• Value Holdings Management CO. LLC increased its stake in Matador Resources by 1.3%, owning over 693,000 shares, making it the firm's fifth largest holding.
• Analysts have raised their price targets for Matador Resources, with a consensus target of $68.00 and a current rating of "Moderate Buy".
• The company recently announced a quarterly dividend of $0.3125 per share, resulting in a 2.7% yield, and initiated a stock buyback program worth $400 million.

Value Holdings Management CO. LLC raised its holdings in shares of Matador Resources Company (NYSE:MTDR - Free Report) by 1.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 693,008 shares of the energy company's stock after buying an additional 9,000 shares during the quarter. Matador Resources comprises about 6.6% of Value Holdings Management CO. LLC's portfolio, making the stock its 5th biggest holding. Value Holdings Management CO. LLC owned approximately 0.55% of Matador Resources worth $35,406,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MTDR. Vanguard Group Inc. grew its position in shares of Matador Resources by 7.6% in the first quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company's stock valued at $690,310,000 after purchasing an additional 956,090 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Matador Resources by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 5,464,857 shares of the energy company's stock worth $279,192,000 after buying an additional 20,134 shares during the last quarter. LSV Asset Management boosted its stake in Matador Resources by 50.9% during the first quarter. LSV Asset Management now owns 2,289,379 shares of the energy company's stock worth $116,964,000 after buying an additional 772,071 shares during the last quarter. Beck Mack & Oliver LLC grew its holdings in Matador Resources by 6.9% in the 4th quarter. Beck Mack & Oliver LLC now owns 1,418,366 shares of the energy company's stock valued at $79,797,000 after buying an additional 91,686 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Matador Resources by 22.9% in the 4th quarter. Northern Trust Corp now owns 1,166,077 shares of the energy company's stock worth $65,603,000 after acquiring an additional 217,339 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company reduced their price target on Matador Resources from $80.00 to $74.00 and set an "overweight" rating on the stock in a report on Monday, June 16th. Raymond James Financial lifted their target price on shares of Matador Resources from $60.00 to $63.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Bank of America started coverage on shares of Matador Resources in a report on Monday, May 19th. They issued a "buy" rating and a $56.00 target price on the stock. UBS Group cut their price target on shares of Matador Resources from $49.00 to $48.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Morgan Stanley raised their price target on shares of Matador Resources from $60.00 to $62.00 and gave the stock an "equal weight" rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $67.60.

Matador Resources Trading Up 0.5%

MTDR stock traded up $0.2160 during mid-day trading on Wednesday, hitting $46.2060. 1,359,128 shares of the company were exchanged, compared to its average volume of 1,712,513. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $5.75 billion, a P/E ratio of 6.77 and a beta of 1.49. The business has a fifty day simple moving average of $49.59 and a 200-day simple moving average of $47.86. 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 announced its earnings results on Tuesday, July 22nd. The energy company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.24. The company had revenue of $895.31 million during the quarter, compared to analyst estimates of $892.86 million. Matador Resources had a net margin of 22.57% and a return on equity of 16.53%. Matador Resources's revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.05 earnings per share. On average, equities research analysts predict that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The business also recently announced 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. This represents a $1.25 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, August 15th. Matador Resources's dividend payout ratio (DPR) is 18.30%.

Matador Resources declared that its board has authorized a stock repurchase plan on Wednesday, April 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the energy company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, CEO Joseph Wm Foran acquired 5,000 shares of the company's stock in a transaction dated Friday, August 1st. The stock was acquired at an average cost of $49.17 per share, with a total value of $245,850.00. Following the completion of the purchase, the chief executive officer owned 6,606 shares of the company's stock, valued at $324,817.02. This represents a 311.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 5.80% of the stock is currently owned by company insiders.

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.