24,781 Shares in Matador Resources Company $MTDR Bought by Versor Investments LP

Key Points

• Versor Investments LP acquired a new stake in Matador Resources, purchasing 24,781 shares valued at approximately $1.27 million during the first quarter.
• CEO Joseph Wm Foran has increased his holdings by 311.33% after acquiring 5,000 shares of the company, indicating strong insider confidence.
• Several analysts have upgraded Matador Resources' stock ratings, with a consensus price target of $68.00 and recommendations ranging from "hold" to "strong buy."

Versor Investments LP purchased a new stake in Matador Resources Company (NYSE:MTDR - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 24,781 shares of the energy company's stock, valued at approximately $1,266,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Matador Resources by 7.6% in the first quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company's stock worth $690,310,000 after acquiring an additional 956,090 shares during the last quarter. LSV Asset Management boosted its holdings 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 valued at $116,964,000 after purchasing an additional 772,071 shares in the last quarter. Nuveen LLC purchased a new position in Matador Resources in the first quarter worth $35,715,000. Webs Creek Capital Management LP purchased a new position in Matador Resources in the fourth quarter worth $37,894,000. Finally, Balyasny Asset Management L.P. grew its holdings in Matador Resources by 101.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 734,626 shares of the energy company's stock valued at $41,330,000 after purchasing an additional 370,388 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company's stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MTDR shares. Bank of America assumed coverage on Matador Resources in a research report on Monday, May 19th. They issued a "buy" rating and a $56.00 price objective on the stock. Morgan Stanley lifted their price objective on Matador Resources from $60.00 to $62.00 and gave the stock an "equal weight" rating in a report on Monday. Raymond James Financial lifted their price target on Matador Resources from $60.00 to $63.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Wells Fargo & Company dropped their price target on shares of Matador Resources from $80.00 to $74.00 and set an "overweight" rating on the stock in a research note on Monday, June 16th. Finally, Mizuho decreased their price objective on shares of Matador Resources from $74.00 to $73.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. One research 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 company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $67.60.

Matador Resources Stock Performance

Shares of Matador Resources stock traded up $1.9330 during midday trading on Friday, hitting $48.2730. The company had a trading volume of 1,220,928 shares, compared to its average volume of 1,707,992. The stock has a market cap of $6.01 billion, a PE ratio of 7.07 and a beta of 1.49. Matador Resources Company has a 1-year low of $35.19 and a 1-year high of $64.04. The business's 50 day simple moving average is $49.47 and its two-hundred day simple moving average is $47.77. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.81.

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

Matador Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a $0.3125 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.25 annualized dividend and a yield of 2.6%. Matador Resources's dividend payout ratio (DPR) is currently 18.30%.

Matador Resources Company 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.