Versor Investments LP Lowers Holdings in Matador Resources Company $MTDR

Versor Investments LP cut its position in Matador Resources Company (NYSE:MTDR) by 34.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,223 shares of the energy company’s stock after selling 8,558 shares during the quarter. Versor Investments LP’s holdings in Matador Resources were worth $774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. MCF Advisors LLC purchased a new stake in Matador Resources in the 1st quarter worth approximately $26,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Matador Resources by 93.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock valued at $26,000 after buying an additional 267 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Matador Resources during the 2nd quarter valued at $29,000. Quarry LP raised its position in shares of Matador Resources by 70.8% during the 1st quarter. Quarry LP now owns 859 shares of the energy company’s stock valued at $44,000 after buying an additional 356 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Matador Resources by 361.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock valued at $45,000 after buying an additional 690 shares in the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Matador Resources

In other news, COO Christopher P. Calvert acquired 1,000 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were purchased at an average price of $47.77 per share, for a total transaction of $47,770.00. Following the completion of the transaction, the chief operating officer owned 37,500 shares of the company’s stock, valued at $1,791,375. The trade was a 2.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Glenn W. Stetson acquired 700 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was purchased at an average price of $39.95 per share, for a total transaction of $27,965.00. Following the transaction, the executive vice president directly owned 94,652 shares of the company’s stock, valued at approximately $3,781,347.40. This trade represents a 0.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 23,307 shares of company stock valued at $976,278. Company insiders own 5.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MTDR shares. Wells Fargo & Company lowered their price objective on shares of Matador Resources from $71.00 to $61.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Bank of America lowered their price objective on shares of Matador Resources from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday. William Blair started coverage on shares of Matador Resources in a research report on Monday, August 25th. They set an “outperform” rating on the stock. TD Cowen upgraded shares of Matador Resources to a “strong-buy” rating in a research report on Monday, July 7th. Finally, Raymond James Financial restated an “outperform” rating and set a $55.00 price objective (down previously from $63.00) on shares of Matador Resources in a research report on Monday, October 20th. One research 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.57.

Matador Resources Price Performance

MTDR stock opened at $39.24 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.69 and a current ratio of 0.73. Matador Resources Company has a 52 week low of $35.19 and a 52 week high of $64.04. The firm’s fifty day moving average is $45.28 and its 200 day moving average is $46.28. The firm has a market cap of $4.88 billion, a P/E ratio of 6.27 and a beta of 1.41.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, October 21st. The energy company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.22 by $0.14. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. The company had revenue of $939.02 million for the quarter, compared to analyst estimates of $893.22 million. During the same quarter last year, the firm earned $1.89 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts predict that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 10th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.50 annualized dividend and a dividend yield of 3.8%. This is an increase from Matador Resources’s previous quarterly dividend of $0.31. Matador Resources’s payout ratio is 23.96%.

About Matador Resources

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.