Meeder Asset Management Inc. Purchases Shares of 117,269 Matador Resources Company $MTDR

Meeder Asset Management Inc. purchased a new stake in shares of Matador Resources Company (NYSE:MTDR) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 117,269 shares of the energy company’s stock, valued at approximately $5,838,000. Meeder Asset Management Inc. owned approximately 0.09% of Matador Resources at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Altshuler Shaham Ltd raised its position in shares of Matador Resources by 36.7% in the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock worth $47,000 after buying an additional 201 shares in the last quarter. Burford Brothers Inc. grew its position in Matador Resources by 0.8% during the first quarter. Burford Brothers Inc. now owns 26,798 shares of the energy company’s stock worth $1,693,000 after buying an additional 225 shares in the last quarter. Fiduciary Trust Co increased its stake in Matador Resources by 2.2% in the 3rd quarter. Fiduciary Trust Co now owns 11,821 shares of the energy company’s stock worth $531,000 after acquiring an additional 253 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Matador Resources by 2.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,138 shares of the energy company’s stock worth $388,000 after acquiring an additional 254 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in Matador Resources by 3.5% in the 4th quarter. Verdence Capital Advisors LLC now owns 8,233 shares of the energy company’s stock worth $349,000 after acquiring an additional 278 shares during the last quarter. Institutional investors own 91.98% of the company’s stock.

Matador Resources Price Performance

Shares of Matador Resources stock opened at $55.84 on Tuesday. Matador Resources Company has a 52-week low of $37.14 and a 52-week high of $66.84. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 9.58 and a beta of 0.76. The company has a fifty day moving average of $51.14 and a 200-day moving average of $54.13. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65.

Matador Resources (NYSE:MTDR) last issued its earnings results on Wednesday, August 5th. The energy company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.53. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Matador Resources had a net margin of 19.85% and a return on equity of 13.18%. The firm’s revenue was up 32.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.53 EPS. Equities research analysts expect that Matador Resources Company will post 7.11 EPS for the current year.

Matador Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, August 10th. Matador Resources’s dividend payout ratio (DPR) is 25.73%.

Wall Street Analyst Weigh In

MTDR has been the subject of several recent analyst reports. Morgan Stanley cut their price objective on Matador Resources from $75.00 to $66.00 and set an “equal weight” rating for the company in a report on Monday, June 29th. Wells Fargo & Company raised their target price on shares of Matador Resources from $63.00 to $79.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Stephens lifted their target price on shares of Matador Resources from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Zacks Research lowered shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Roth Capital raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.07.

Insider Buying and Selling

In related news, COO Glenn W. Stetson acquired 500 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average price of $53.41 per share, for a total transaction of $26,705.00. Following the completion of the acquisition, the chief operating officer owned 95,470 shares in the company, valued at approximately $5,099,052.70. This represents a 0.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, EVP William Thomas Elsener bought 850 shares of the stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of $50.94 per share, with a total value of $43,299.00. Following the purchase, the executive vice president owned 114,879 shares in the company, valued at $5,851,936.26. The trade was a 0.75% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 31,596 shares of company stock valued at $1,654,207 over the last three months. 5.90% of the stock is owned by corporate insiders.

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.