Venturi Wealth Management LLC Makes New $303,000 Investment in Matador Resources Company $MTDR

Key Points

• Venturi Wealth Management LLC has made a new investment in Matador Resources Company, acquiring 6,350 shares valued at approximately $303,000 during the second quarter.
• Matador Resources recently reported earnings of $1.53 per share, exceeding analysts' expectations and showing an 8.2% year-over-year revenue increase.
• The company also announced a quarterly dividend of $0.3125 per share, reflecting a dividend yield of 3.0% and a payout ratio of 18.30%.

Venturi Wealth Management LLC bought a new position in Matador Resources Company (NYSE:MTDR - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 6,350 shares of the energy company's stock, valued at approximately $303,000.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Matador Resources by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company's stock worth $690,310,000 after purchasing an additional 956,090 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Matador Resources by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,464,857 shares of the energy company's stock worth $279,192,000 after purchasing an additional 20,134 shares in the last quarter. LSV Asset Management lifted its stake in Matador Resources by 50.9% in the 1st quarter. LSV Asset Management now owns 2,289,379 shares of the energy company's stock worth $116,964,000 after purchasing an additional 772,071 shares in the last quarter. Wellington Management Group LLP lifted its stake in Matador Resources by 30.5% in the 1st quarter. Wellington Management Group LLP now owns 2,043,715 shares of the energy company's stock worth $104,413,000 after purchasing an additional 477,236 shares in the last quarter. Finally, Beck Mack & Oliver LLC lifted its stake in Matador Resources by 6.8% in the 1st quarter. Beck Mack & Oliver LLC now owns 1,514,928 shares of the energy company's stock worth $77,398,000 after purchasing an additional 96,562 shares in the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Matador Resources

In related news, EVP William Thomas Elsener acquired 600 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were acquired at an average price of $48.46 per share, with a total value of $29,076.00. Following the completion of the transaction, the executive vice president owned 112,069 shares of the company's stock, valued at $5,430,863.74. The trade was a 0.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Christopher P. Calvert acquired 1,000 shares of the business's stock in a transaction dated Friday, September 12th. The shares were bought at an average cost of $47.77 per share, for a total transaction of $47,770.00. Following the transaction, the chief operating officer directly owned 37,500 shares of the company's stock, valued at approximately $1,791,375. This trade represents a 2.74% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 11,380 shares of company stock valued at $549,188. 5.80% of the stock is currently owned by company insiders.

Matador Resources Stock Down 5.6%

Matador Resources stock opened at $42.17 on Friday. Matador Resources Company has a fifty-two week low of $35.19 and a fifty-two week 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 has a 50 day moving average price of $47.19 and a 200 day moving average price of $46.47. The company has a market capitalization of $5.25 billion, a PE ratio of 6.17 and a beta of 1.41.

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

Matador Resources Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.0%. Matador Resources's dividend payout ratio is currently 18.30%.

Analysts Set New Price Targets

Several research firms have recently commented on MTDR. TD Cowen raised shares of Matador Resources to a "strong-buy" rating in a research report on Monday, July 7th. UBS Group reduced their price target on shares of Matador Resources from $49.00 to $48.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 20th. Mizuho reduced their price target on shares of Matador Resources from $69.00 to $67.00 and set an "outperform" rating on the stock in a research report on Friday. William Blair began coverage on shares of Matador Resources in a research report on Monday, August 25th. They set an "outperform" rating on the stock. Finally, KeyCorp reduced their price target on shares of Matador Resources from $62.00 to $61.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $66.36.

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.

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