Hsbc Holdings PLC Takes $2.82 Million Position in Matador Resources Company $MTDR

Hsbc Holdings PLC purchased a new stake in shares of Matador Resources Company (NYSE:MTDR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 56,096 shares of the energy company’s stock, valued at approximately $2,824,000.

Several other institutional investors and hedge funds also recently bought and sold shares of MTDR. Jones Financial Companies Lllp raised its holdings in Matador Resources by 1,104.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock valued at $103,000 after acquiring an additional 1,845 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Matador Resources by 361.3% during the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after acquiring an additional 690 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Matador Resources in the second quarter worth $255,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Matador Resources in the second quarter worth $5,126,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Matador Resources by 767.3% in the second quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the energy company’s stock valued at $156,000 after purchasing an additional 2,885 shares in the last quarter. 91.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on MTDR shares. Roth Capital upgraded Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Monday, June 22nd. Citigroup cut their target price on Matador Resources from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. KeyCorp reduced their target price on Matador Resources from $73.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, August 13th. Weiss Ratings raised shares of Matador Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Finally, Morgan Stanley cut their price objective on shares of Matador Resources from $75.00 to $66.00 and set an “equal weight” rating for the company in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Matador Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.07.

Insider Buying and Selling at Matador Resources

In related news, CEO Joseph Wm Foran acquired 555 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average cost of $54.49 per share, for a total transaction of $30,241.95. Following the completion of the transaction, the chief executive officer owned 4,772 shares in the company, valued at approximately $260,026.28. This trade represents a 13.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Glenn W. Stetson bought 500 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was bought at an average cost of $53.41 per share, for a total transaction of $26,705.00. Following the completion of the purchase, the chief operating officer directly owned 95,470 shares of the company’s stock, valued at $5,099,052.70. This represents a 0.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 25,144 shares of company stock valued at $1,315,538 in the last 90 days. Corporate insiders own 5.90% of the company’s stock.

Matador Resources Trading Down 0.6%

Matador Resources stock opened at $56.42 on Friday. 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 Company has a fifty-two week low of $37.14 and a fifty-two week high of $66.84. The stock has a market cap of $6.98 billion, a P/E ratio of 9.68 and a beta of 0.76. The firm’s fifty day moving average price is $52.05 and its 200-day moving average price is $54.81.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.53. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company earned $1.53 earnings per share. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. Equities research analysts forecast that Matador Resources Company will post 7.26 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.50 annualized dividend and a dividend yield of 2.7%. Matador Resources’s dividend payout ratio (DPR) is presently 25.73%.

About Matador Resources

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.