Matador Resources Company $MTDR Shares Purchased by NBC Securities Inc.

Key Points

• NBC Securities Inc. significantly increased its stake in Matador Resources by 113.4%, now holding nearly 16,000 shares valued at approximately $758,000, highlighting strong institutional interest in the company.
• Recent insider trading reports indicate that COO Christopher P. Calvert and CEO Joseph Wm Foran both made stock purchases, increasing their holdings by 2.74% and 311.33%, respectively.
• Analysts have varied views on Matador Resources, with price targets ranging from $48.00 to $69.00, and the stock currently holds a consensus rating of "Moderate Buy" with an average price target of $67.27.

NBC Securities Inc. lifted its stake in Matador Resources Company (NYSE:MTDR - Free Report) by 113.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,896 shares of the energy company's stock after purchasing an additional 8,447 shares during the period. NBC Securities Inc.'s holdings in Matador Resources were worth $758,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. increased its holdings in Matador Resources by 2,002.9% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,051,472 shares of the energy company's stock valued at $53,720,000 after acquiring an additional 1,001,472 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 increased its holdings 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 purchased a new position in Matador Resources during the 1st quarter valued at about $35,715,000. Finally, Wellington Management Group LLP increased its holdings 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. Institutional investors and hedge funds own 91.98% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. UBS Group lowered 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, August 20th. William Blair assumed coverage on shares of Matador Resources in a report on Monday, August 25th. They set an "outperform" rating for the company. Mizuho lowered their price target on shares of Matador Resources from $73.00 to $69.00 and set an "outperform" rating for the company in a report on Monday, September 15th. Morgan Stanley lifted 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, August 18th. Finally, Raymond James Financial lifted their price target on shares of Matador Resources from $60.00 to $63.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $67.27.

Matador Resources Stock Down 4.2%

Shares of NYSE MTDR traded down $2.00 during trading on Friday, reaching $45.33. 2,693,403 shares of the stock were exchanged, compared to its average volume of 1,305,981. The business's 50-day moving average price is $48.78 and its 200 day moving average price is $46.83. Matador Resources Company has a twelve month low of $35.19 and a twelve month high of $64.04. 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 company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 6.64 and a beta of 1.49.

Matador Resources (NYSE:MTDR - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The energy company reported $1.53 EPS for the quarter, topping 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 business had revenue of $895.31 million for the quarter, compared to analysts' expectations of $892.86 million. During the same period in the previous year, the company posted $2.05 earnings per share. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities analysts forecast that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Announces Dividend

The company also recently announced 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 of this dividend was Friday, August 15th. Matador Resources's payout ratio is presently 18.30%.

Insider Transactions at Matador Resources

In related news, EVP William Thomas Elsener purchased 600 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was acquired at an average price of $48.46 per share, for a total transaction of $29,076.00. Following the completion of the purchase, the executive vice president owned 112,069 shares in the company, valued at approximately $5,430,863.74. This represents a 0.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph Wm Foran purchased 5,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of $49.17 per share, for a total transaction of $245,850.00. Following the completion of the acquisition, the chief executive officer directly owned 6,606 shares of the company's stock, valued at $324,817.02. This represents a 311.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 11,380 shares of company stock valued at $549,188. 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.