Edgestream Partners L.P. Acquires New Shares in Matador Resources (NYSE:MTDR)

Edgestream Partners L.P. bought a new stake in shares of Matador Resources (NYSE:MTDR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 95,118 shares of the energy company’s stock, valued at approximately $5,669,000. Edgestream Partners L.P. owned 0.08% of Matador Resources at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in Matador Resources by 31.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,206,041 shares of the energy company’s stock worth $125,435,000 after purchasing an additional 531,504 shares during the period. Element Capital Management LLC purchased a new stake in shares of Matador Resources in the first quarter worth about $28,572,000. Public Employees Retirement Association of Colorado boosted its position in shares of Matador Resources by 14,874.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 427,520 shares of the energy company’s stock valued at $24,309,000 after acquiring an additional 424,665 shares during the period. Dimensional Fund Advisors LP grew its stake in Matador Resources by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock valued at $282,196,000 after acquiring an additional 356,506 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Matador Resources by 44.8% during the 4th quarter. Wellington Management Group LLP now owns 1,065,291 shares of the energy company’s stock worth $60,572,000 after acquiring an additional 329,522 shares during the period. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Insider Buying and Selling

In other Matador Resources news, CEO Joseph Wm Foran bought 2,500 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average cost of $49.97 per share, with a total value of $124,925.00. Following the completion of the purchase, the chief executive officer now directly owns 40,251 shares of the company’s stock, valued at $2,011,342.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Robert T. Macalik bought 500 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of $54.50 per share, with a total value of $27,250.00. Following the purchase, the chief accounting officer now owns 29,300 shares of the company’s stock, valued at approximately $1,596,850. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Joseph Wm Foran purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was bought at an average cost of $49.97 per share, with a total value of $124,925.00. Following the completion of the purchase, the chief executive officer now owns 40,251 shares of the company’s stock, valued at $2,011,342.47. The disclosure for this purchase can be found here. Insiders have bought a total of 11,800 shares of company stock valued at $609,325 over the last three months. 6.10% of the stock is owned by company insiders.

Matador Resources Price Performance

Shares of Matador Resources stock opened at $50.40 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.82 and a current ratio of 0.86. Matador Resources has a 52-week low of $48.22 and a 52-week high of $71.08. The company has a fifty day moving average of $57.26 and a 200-day moving average of $61.14. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 6.88 and a beta of 3.27.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings results on Tuesday, July 23rd. The energy company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.29. Matador Resources had a net margin of 29.01% and a return on equity of 21.12%. The business had revenue of $847.14 million during the quarter, compared to analyst estimates of $822.55 million. During the same period in the prior year, the business posted $1.42 earnings per share. The company’s revenue was up 32.8% on a year-over-year basis. Equities research analysts expect that Matador Resources will post 7.83 EPS for the current year.

Matador Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, August 15th. Matador Resources’s dividend payout ratio is 10.96%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Mizuho cut their price target on shares of Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a report on Monday. Stephens dropped their price objective on Matador Resources from $83.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Wolfe Research assumed coverage on Matador Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Benchmark reaffirmed a “buy” rating and issued a $62.00 price target on shares of Matador Resources in a report on Wednesday, July 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of Matador Resources in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.17.

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.