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

Delphi Management Inc. MA acquired a new position in shares of Matador Resources (NYSE:MTDR) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,066 shares of the energy company’s stock, valued at approximately $898,000.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on MTDR. Benchmark reissued a “buy” rating and issued a $62.00 target price on shares of Matador Resources in a research report on Wednesday, July 24th. Stephens upped their target price on Matador Resources from $74.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday. TD Cowen increased their price objective on Matador Resources from $85.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Truist Financial decreased their price objective on Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Monday. Finally, Capital One Financial raised Matador Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $80.00 to $84.00 in a research report on Thursday, July 25th. Two analysts have rated the stock with a hold rating and twelve have issued 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 Stock Performance

Shares of MTDR stock opened at $49.41 on Tuesday. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 6.77 and a beta of 3.27. The stock has a 50 day simple moving average of $54.70 and a 200-day simple moving average of $60.09. Matador Resources has a 12-month low of $47.15 and a 12-month 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.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, July 23rd. The energy company reported $2.05 earnings per share (EPS) for the quarter, topping 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 business had revenue of $847.14 million during the quarter, compared to the consensus estimate of $822.55 million. During the same period in the prior year, the business posted $1.42 EPS. The company’s revenue for the quarter was up 32.8% on a year-over-year basis. On average, equities analysts forecast 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 paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.62%. The ex-dividend date was Thursday, August 15th. Matador Resources’s payout ratio is currently 10.96%.

Insider Activity at Matador Resources

In other news, EVP Bryan A. Erman acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $50.35 per share, with a total value of $50,350.00. Following the purchase, the executive vice president now directly owns 2,750 shares of the company’s stock, valued at approximately $138,462.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Robert T. Macalik bought 500 shares of the stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of $54.50 per share, for a total transaction of $27,250.00. Following the acquisition, the chief accounting officer now owns 29,300 shares in the company, valued at $1,596,850. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bryan A. Erman bought 1,000 shares of the stock in a transaction on Friday, September 6th. The shares were bought at an average price of $50.35 per share, for a total transaction of $50,350.00. Following the acquisition, the executive vice president now owns 2,750 shares in the company, valued at approximately $138,462.50. The disclosure for this purchase can be found here. Insiders bought 12,300 shares of company stock valued at $634,615 in the last ninety days. Corporate insiders own 6.10% of the company’s stock.

About Matador Resources

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.