Carlson Capital L.P. Has $2.13 Million Position in Matador Resources Company $MTDR

Carlson Capital L.P. lifted its stake in Matador Resources Company (NYSE:MTDR) by 73.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,757 shares of the energy company’s stock after acquiring an additional 14,257 shares during the quarter. Matador Resources makes up 0.7% of Carlson Capital L.P.’s portfolio, making the stock its 17th biggest holding. Carlson Capital L.P.’s holdings in Matador Resources were worth $2,133,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp grew its stake in Matador Resources by 1,104.8% in the first quarter. Jones Financial Companies Lllp now owns 2,012 shares of the energy company’s stock valued at $103,000 after purchasing an additional 1,845 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of 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 purchasing an additional 690 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Matador Resources during the 2nd quarter worth about $255,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Matador Resources during the 2nd quarter valued at about $5,126,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Matador Resources by 767.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the energy company’s stock valued at $156,000 after buying an additional 2,885 shares during the last quarter. 91.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on MTDR. Morgan Stanley dropped their price objective on Matador Resources from $75.00 to $66.00 and set an “equal weight” rating on the stock in a report on Monday, June 29th. Weiss Ratings cut shares of Matador Resources from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. UBS Group decreased their target price on shares of Matador Resources from $56.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, July 27th. Citigroup dropped their price target on shares of Matador Resources from $72.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, Roth Capital upgraded shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Monday, June 22nd. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.00.

Insider Transactions at Matador Resources

In other news, CFO Christopher P. Calvert acquired 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average cost of $53.24 per share, with a total value of $79,860.00. Following the acquisition, the chief financial officer owned 41,500 shares in the company, valued at approximately $2,209,460. This represents a 3.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Glenn W. Stetson bought 500 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average price of $53.41 per share, for a total transaction of $26,705.00. Following the completion of the purchase, the chief operating officer directly owned 95,470 shares in the company, valued at $5,099,052.70. The trade was a 0.53% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 11,907 shares of company stock worth $635,712. 5.90% of the stock is owned by insiders.

Matador Resources Stock Performance

Shares of NYSE MTDR opened at $49.83 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.70 and a current ratio of 0.73. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 12.81 and a beta of 0.74. The business’s 50-day simple moving average is $52.00 and its 200-day simple moving average is $53.43. Matador Resources Company has a 52 week low of $37.14 and a 52 week high of $66.84.

Matador Resources (NYSE:MTDR) last posted its earnings results on Wednesday, May 6th. The energy company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.29. The firm had revenue of $941.60 million during the quarter, compared to analyst estimates of $871.57 million. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The company’s revenue for the quarter was down 33.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.99 EPS. As a group, equities research analysts expect that Matador Resources Company will post 6.81 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, August 10th. Matador Resources’s payout ratio is presently 38.56%.

About Matador Resources

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.