Value Holdings Management CO. LLC Has $32.61 Million Stock Holdings in Matador Resources Company $MTDR

Value Holdings Management CO. LLC raised its position in shares of Matador Resources Company (NYSE:MTDR) by 10.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 768,308 shares of the energy company’s stock after buying an additional 75,300 shares during the quarter. Matador Resources comprises 5.5% of Value Holdings Management CO. LLC’s portfolio, making the stock its 7th biggest holding. Value Holdings Management CO. LLC owned approximately 0.62% of Matador Resources worth $32,607,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Kestra Investment Management LLC boosted its position in shares of Matador Resources by 225.2% during the 2nd quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after acquiring an additional 358 shares during the last quarter. Rothschild Investment LLC increased its position in Matador Resources by 5,927.3% in the third quarter. Rothschild Investment LLC now owns 663 shares of the energy company’s stock worth $30,000 after purchasing an additional 652 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Matador Resources in the third quarter worth $35,000. Geneos Wealth Management Inc. raised its stake in Matador Resources by 361.3% during the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after purchasing an additional 690 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in Matador Resources during the third quarter valued at $49,000. 91.98% of the stock is owned by hedge funds and other institutional investors.

Matador Resources Trading Up 5.1%

MTDR stock opened at $64.18 on Friday. Matador Resources Company has a twelve month low of $35.19 and a twelve month high of $64.48. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 10.52 and a beta of 1.07. The company has a quick ratio of 0.75, a current ratio of 0.79 and a debt-to-equity ratio of 0.57. The firm’s fifty day simple moving average is $50.63 and its two-hundred day simple moving average is $45.62.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, February 24th. The energy company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.16. The firm had revenue of $847.99 million during the quarter, compared to analyst estimates of $811.13 million. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%. The business’s revenue was down 15.7% on a year-over-year basis. During the same quarter last year, the business earned $1.83 EPS. As a group, analysts anticipate that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Friday, February 27th were paid a $0.375 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.50 annualized dividend and a yield of 2.3%. Matador Resources’s dividend payout ratio (DPR) is presently 24.59%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group lifted their price objective on shares of Matador Resources from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. BMO Capital Markets upped their target price on shares of Matador Resources from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Citigroup lifted their price target on Matador Resources from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Morgan Stanley reduced their price objective on Matador Resources from $56.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. Finally, Truist Financial started coverage on Matador Resources in a research report on Tuesday. They set a “hold” rating and a $60.00 price objective on the stock. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Matador Resources has a consensus rating of “Moderate Buy” and an average target price of $60.29.

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.