Vanguard Personalized Indexing Management LLC Has $1.10 Million Stake in Matador Resources Company $MTDR

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Matador Resources by 50.9%, owning approximately $1.10 million worth of the company's shares as of the latest SEC filing.
• Matador Resources recently declared a quarterly dividend of $0.375 per share, representing a 3.5% dividend yield, up from the previous $0.31.
• Analysts have a consensus rating of Moderate Buy for Matador Resources, with an average price target of $66.36, despite some downward adjustments from major brokerages.

Vanguard Personalized Indexing Management LLC boosted its holdings in Matador Resources Company (NYSE:MTDR - Free Report) by 50.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,938 shares of the energy company's stock after buying 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.

Other institutional investors have also recently bought and sold shares of the company. D.A. Davidson & CO. acquired a new position in shares of Matador Resources in the 1st quarter valued at $263,000. GAMMA Investing LLC increased its holdings in Matador Resources by 42.8% in the first 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 last quarter. Teacher Retirement System of Texas bought a new stake in Matador Resources in the first quarter valued at about $885,000. OneDigital Investment Advisors LLC acquired a new position in Matador Resources in the first quarter valued at about $200,000. Finally, Penserra Capital Management LLC boosted its holdings in Matador Resources by 89.9% during the first quarter. Penserra Capital Management LLC now owns 15,570 shares of the energy company's stock worth $795,000 after buying an additional 7,369 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company's stock.

Insider Transactions at Matador Resources

In other news, EVP William Thomas Elsener purchased 600 shares of Matador Resources stock in a transaction on Thursday, September 11th. The stock was purchased at an average price of $48.46 per share, with a total value of $29,076.00. Following the transaction, the executive vice president directly owned 112,069 shares in the company, valued at $5,430,863.74. The trade was a 0.54% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Christopher P. Calvert purchased 1,000 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were acquired at an average cost of $47.77 per share, with a total value of $47,770.00. Following the completion of the purchase, the chief operating officer directly owned 37,500 shares in the company, valued at approximately $1,791,375. This represents a 2.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 11,380 shares of company stock valued at $549,188 over the last three months. Company insiders own 5.80% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MTDR. Morgan Stanley lowered their price target on Matador Resources from $62.00 to $61.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 14th. Bank of America decreased their price objective on shares of Matador Resources from $56.00 to $55.00 and set a "buy" rating for the company in a report on Thursday. Raymond James Financial upped their target price on shares of Matador Resources from $60.00 to $63.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Wells Fargo & Company reduced their price target on shares of Matador Resources from $77.00 to $76.00 and set an "overweight" rating on the stock in a research report on Monday, October 13th. Finally, TD Cowen raised shares of Matador Resources to a "strong-buy" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $66.36.

Matador Resources Stock Performance

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

Matador Resources (NYSE:MTDR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The energy company reported $1.53 earnings per share (EPS) 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 the consensus estimate of $892.86 million. Matador Resources had a net margin of 22.57% and a return on equity of 16.53%. The firm's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.05 earnings per share. On average, analysts forecast that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company 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 $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.5%. This is a positive change from Matador Resources's previous quarterly dividend of $0.31. The ex-dividend date is Monday, November 10th. Matador Resources's dividend payout ratio is presently 18.30%.

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.

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