Delphi Management Inc. MA Takes $898,000 Position in Matador Resources (NYSE:MTDR)

Delphi Management Inc. MA acquired a new stake in Matador Resources (NYSE:MTDR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,066 shares of the energy company’s stock, valued at approximately $898,000.

Several other institutional investors and hedge funds have also modified their holdings of MTDR. Corient Private Wealth LLC raised its holdings in Matador Resources by 16.8% in the 4th quarter. Corient Private Wealth LLC now owns 18,166 shares of the energy company’s stock worth $1,033,000 after purchasing an additional 2,616 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Matador Resources by 4.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 27,554 shares of the energy company’s stock worth $1,567,000 after acquiring an additional 1,096 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Matador Resources by 6.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,665 shares of the energy company’s stock worth $265,000 after acquiring an additional 281 shares during the last quarter. TD Asset Management Inc acquired a new stake in shares of Matador Resources in the fourth quarter worth approximately $1,581,000. Finally, Rafferty Asset Management LLC boosted its stake in shares of Matador Resources by 11.9% in the fourth quarter. Rafferty Asset Management LLC now owns 130,380 shares of the energy company’s stock worth $7,413,000 after acquiring an additional 13,862 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Price Performance

NYSE:MTDR opened at $49.41 on Tuesday. Matador Resources has a 52 week low of $47.15 and a 52 week high of $71.08. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $6.17 billion, a P/E ratio of 6.77 and a beta of 3.27. The stock’s fifty day moving average is $54.70 and its two-hundred day moving average is $60.09.

Matador Resources (NYSE:MTDR) last posted its earnings results on Tuesday, July 23rd. The energy company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.29. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The company had revenue of $847.14 million for the quarter, compared to the consensus estimate of $822.55 million. During the same quarter in the previous year, the business earned $1.42 earnings per share. The company’s revenue for the quarter was up 32.8% on a year-over-year basis. Equities analysts expect that Matador Resources will post 7.63 EPS for the current year.

Matador Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were issued a $0.20 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.62%. Matador Resources’s dividend payout ratio is presently 10.96%.

Insider Activity at Matador Resources

In other news, CEO Joseph Wm Foran acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $51.47 per share, for a total transaction of $128,675.00. Following the acquisition, the chief executive officer now owns 37,751 shares of the company’s stock, valued at $1,943,043.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Joseph Wm Foran acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $51.47 per share, for a total transaction of $128,675.00. Following the acquisition, the chief executive officer now owns 37,751 shares of the company’s stock, valued at $1,943,043.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian J. Willey acquired 1,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $50.50 per share, for a total transaction of $75,750.00. Following the acquisition, the chief financial officer now directly owns 1,500 shares in the company, valued at approximately $75,750. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 12,300 shares of company stock worth $634,615. 6.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MTDR has been the topic of a number of research analyst reports. Capital One Financial raised Matador Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $80.00 to $84.00 in a research note on Thursday, July 25th. JPMorgan Chase & Co. lowered their price target on Matador Resources from $83.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. TD Cowen boosted their price objective on Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Mizuho lowered their price objective on Matador Resources from $85.00 to $74.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Finally, Wolfe Research began coverage on Matador Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.83.

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.