Value Holdings Management CO. LLC Invests $41.53 Million in Matador Resources Company $MTDR

Value Holdings Management CO. LLC bought a new stake in shares of Matador Resources Company (NYSE:MTDR) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 834,308 shares of the energy company’s stock, valued at approximately $41,532,000. Matador Resources accounts for about 6.9% of Value Holdings Management CO. LLC’s portfolio, making the stock its 4th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its stake in Matador Resources by 1,104.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock worth $103,000 after purchasing an additional 1,845 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Matador Resources by 361.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the energy company’s stock worth $45,000 after buying an additional 690 shares during the period. Sivia Capital Partners LLC purchased a new stake in Matador Resources during the second quarter valued at about $255,000. Arrowstreet Capital Limited Partnership purchased a new stake in Matador Resources during the second quarter valued at about $5,126,000. Finally, EverSource Wealth Advisors LLC boosted its holdings 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 worth $156,000 after buying an additional 2,885 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Trading Up 0.7%

Matador Resources stock opened at $58.42 on Friday. Matador Resources Company has a 12 month low of $37.14 and a 12 month high of $66.84. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 0.67. The stock has a market cap of $7.23 billion, a P/E ratio of 10.02 and a beta of 0.76. The company’s fifty day simple moving average is $51.37 and its 200-day simple moving average is $54.40.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.53. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.06 billion. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.Matador Resources’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period last year, the company earned $1.53 earnings per share. As a group, sell-side analysts forecast that Matador Resources Company will post 7.19 EPS for the current fiscal year.

Matador Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 10th. Matador Resources’s dividend payout ratio is presently 25.73%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Roth Capital raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Monday, June 22nd. Citigroup reduced their price target on shares of Matador Resources from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Zacks Research lowered shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Mizuho upgraded shares of Matador Resources to a “strong-buy” rating in a research report on Friday, July 31st. Finally, Morgan Stanley lowered their price objective on shares of Matador Resources from $75.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.07.

Insider Transactions at Matador Resources

In other news, CFO Christopher P. Calvert purchased 1,500 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was bought at an average cost of $53.24 per share, with a total value of $79,860.00. Following the purchase, the chief financial officer directly owned 41,500 shares of the company’s stock, valued at approximately $2,209,460. This trade represents a 3.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Joseph Wm Foran purchased 10,000 shares of Matador Resources stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average price of $52.16 per share, with a total value of $521,600.00. Following the completion of the acquisition, the chief executive officer owned 25,617 shares in the company, valued at $1,336,182.72. The trade was a 64.03% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 31,996 shares of company stock valued at $1,675,663. 5.90% of the stock is currently owned by company insiders.

Matador Resources Profile

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.