NINE MASTS CAPITAL Ltd Takes $292,000 Position in Matador Resources (NYSE:MTDR)

NINE MASTS CAPITAL Ltd purchased a new position in shares of Matador Resources (NYSE:MTDR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,900 shares of the energy company’s stock, valued at approximately $292,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Covestor Ltd boosted its position in Matador Resources by 121.4% in the first quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after buying an additional 227 shares in the last quarter. Denver PWM LLC bought a new position in shares of Matador Resources in the 2nd quarter valued at $27,000. Rise Advisors LLC acquired a new stake in shares of Matador Resources during the 1st quarter valued at $34,000. Lindbrook Capital LLC grew its position in Matador Resources by 84.3% during the 1st quarter. Lindbrook Capital LLC now owns 597 shares of the energy company’s stock worth $40,000 after acquiring an additional 273 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Matador Resources by 191.8% in the 1st quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock worth $47,000 after purchasing an additional 466 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $49.49 on Thursday. The business has a 50-day moving average price of $57.64 and a two-hundred day moving average price of $61.32. Matador Resources has a 1-year low of $48.22 and a 1-year high of $71.08. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.41. The company has a market cap of $6.18 billion, a P/E ratio of 6.78 and a beta of 3.27.

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

Matador Resources Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MTDR. Mizuho lifted their price target on Matador Resources from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Stephens cut their target price on shares of Matador Resources from $83.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. TD Cowen upped their price target on shares of Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Truist Financial cut their price target on shares of Matador Resources from $91.00 to $86.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Finally, Wolfe Research began coverage on Matador Resources in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Matador Resources has a consensus rating of “Moderate Buy” and a consensus target price of $78.17.

Insider Buying and Selling

In related news, CEO Joseph Wm Foran acquired 2,500 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was purchased at an average cost of $49.97 per share, with a total value of $124,925.00. Following the acquisition, the chief executive officer now owns 40,251 shares of the company’s stock, valued at approximately $2,011,342.47. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Joseph Wm Foran bought 2,500 shares of Matador Resources stock in a transaction dated Monday, September 9th. The stock was purchased at an average cost of $49.97 per share, with a total value of $124,925.00. Following the transaction, the chief executive officer now directly owns 40,251 shares of the company’s stock, valued at $2,011,342.47. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Bryan A. Erman purchased 1,750 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were bought at an average price of $55.90 per share, with a total value of $97,825.00. Following the purchase, the executive vice president now owns 1,750 shares in the company, valued at $97,825. The disclosure for this purchase can be found here. Insiders have purchased a total of 13,550 shares of company stock valued at $707,150 over the last ninety days. 6.10% of the stock is owned by corporate insiders.

Matador Resources 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.