98,242 Shares in Matador Resources (NYSE:MTDR) Bought by Dash Acquisitions Inc.

Dash Acquisitions Inc. bought a new position in Matador Resources (NYSE:MTDR) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 98,242 shares of the energy company’s stock, valued at approximately $6,450,000. Matador Resources accounts for approximately 2.0% of Dash Acquisitions Inc.’s investment portfolio, making the stock its 17th biggest holding. Dash Acquisitions Inc. owned 0.08% of Matador Resources as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its holdings in 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 worth $125,435,000 after acquiring an additional 531,504 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in 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 worth $24,309,000 after acquiring an additional 424,665 shares during the last quarter. Wellington Management Group LLP grew its holdings in 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 worth $60,572,000 after acquiring an additional 329,522 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Matador Resources by 87.0% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 612,160 shares of the energy company’s stock valued at $34,808,000 after purchasing an additional 284,805 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Matador Resources by 6.3% during the 4th quarter. Victory Capital Management Inc. now owns 3,430,593 shares of the energy company’s stock valued at $195,064,000 after purchasing an additional 202,303 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Matador Resources Stock Up 0.4 %

Matador Resources stock traded up $0.25 during trading hours on Tuesday, hitting $59.93. The stock had a trading volume of 1,403,198 shares, compared to its average volume of 1,522,390. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $7.48 billion, a P/E ratio of 8.29 and a beta of 3.29. Matador Resources has a 12-month low of $49.12 and a 12-month high of $71.08. The stock’s 50-day moving average price is $61.04 and its 200-day moving average price is $60.79.

Matador Resources (NYSE:MTDR) last issued its earnings results on Tuesday, April 23rd. The energy company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.32. The business had revenue of $787.70 million during the quarter, compared to analysts’ expectations of $740.99 million. Matador Resources had a net margin of 28.89% and a return on equity of 20.62%. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.50 earnings per share. Equities research analysts anticipate that Matador Resources will post 7.86 EPS for the current fiscal year.

Matador Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.80 annualized dividend and a dividend yield of 1.33%. Matador Resources’s payout ratio is 10.96%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MTDR shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 target price on shares of Matador Resources in a research note on Tuesday, March 5th. Truist Financial lifted their target price on shares of Matador Resources from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Stephens assumed coverage on shares of Matador Resources in a research note on Friday, June 21st. They set an “overweight” rating and a $83.00 target price on the stock. TD Cowen lifted their price target on shares of Matador Resources from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Finally, Benchmark lowered their price target on shares of Matador Resources from $71.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Matador Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.09.

Insider Activity

In related news, EVP Bryan A. Erman acquired 1,750 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was purchased at an average cost of $55.90 per share, with a total value of $97,825.00. Following the completion of the acquisition, the executive vice president now directly owns 1,750 shares of the company’s stock, valued at $97,825. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.10% of the stock is owned by corporate insiders.

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.