Matador Resources Company $MTDR Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lowered its holdings in Matador Resources Company (NYSE:MTDR) by 3.9% during the second quarter, Holdings Channel reports. The fund owned 669,795 shares of the energy company’s stock after selling 27,420 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Matador Resources were worth $31,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Matador Resources by 7.6% in the first quarter. Vanguard Group Inc. now owns 13,511,643 shares of the energy company’s stock worth $690,310,000 after acquiring an additional 956,090 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Matador Resources by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 5,464,857 shares of the energy company’s stock worth $279,192,000 after buying an additional 20,134 shares in the last quarter. LSV Asset Management boosted its holdings in Matador Resources by 50.9% during the first quarter. LSV Asset Management now owns 2,289,379 shares of the energy company’s stock worth $116,964,000 after buying an additional 772,071 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Matador Resources by 30.5% during the first quarter. Wellington Management Group LLP now owns 2,043,715 shares of the energy company’s stock worth $104,413,000 after buying an additional 477,236 shares in the last quarter. Finally, Beck Mack & Oliver LLC boosted its holdings in Matador Resources by 6.8% during the first quarter. Beck Mack & Oliver LLC now owns 1,514,928 shares of the energy company’s stock worth $77,398,000 after buying an additional 96,562 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Stock Performance

MTDR opened at $45.03 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 6.59 and a beta of 1.41. Matador Resources Company has a 52-week low of $35.19 and a 52-week high of $64.04. The firm’s fifty day simple moving average is $47.84 and its two-hundred day simple moving average is $46.75.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, July 22nd. The energy company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.24. The business had revenue of $895.31 million for the quarter, compared to the consensus estimate of $892.86 million. Matador Resources had a net margin of 22.57% and a return on equity of 16.53%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $2.05 earnings per share. Equities analysts anticipate that Matador Resources Company will post 8.53 earnings per share for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, August 15th. Matador Resources’s dividend payout ratio (DPR) is currently 18.30%.

Analyst Upgrades and Downgrades

MTDR has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Matador Resources from $60.00 to $62.00 and gave the stock an “equal weight” rating in a report on Monday, August 18th. TD Cowen raised shares of Matador Resources to a “strong-buy” rating in a report on Monday, July 7th. UBS Group lowered their price target on shares of Matador Resources from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, August 20th. Mizuho lowered their price target on shares of Matador Resources from $73.00 to $69.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Matador Resources in a report on Saturday, September 27th. One equities 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.50.

Insider Transactions at Matador Resources

In other Matador Resources news, EVP William Thomas Elsener purchased 600 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were purchased at an average cost of $48.46 per share, with a total value of $29,076.00. Following the completion of the purchase, the executive vice president owned 112,069 shares in the company, valued at approximately $5,430,863.74. This represents a 0.54% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, COO Christopher P. Calvert purchased 1,000 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was acquired at an average cost of $47.77 per share, for a total transaction of $47,770.00. Following the completion of the purchase, the chief operating officer owned 37,500 shares of the company’s stock, valued at approximately $1,791,375. This represents a 2.74% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 11,380 shares of company stock valued at $549,188. Corporate insiders own 5.80% of the company’s stock.

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.