Voya Investment Management LLC Has $435,000 Stake in Matador Resources Company $MTDR

Voya Investment Management LLC lowered its stake in Matador Resources Company (NYSE:MTDR) by 68.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,689 shares of the energy company’s stock after selling 20,866 shares during the quarter. Voya Investment Management LLC’s holdings in Matador Resources were worth $435,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Matador Resources by 298.5% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534 shares of the energy company’s stock valued at $25,000 after purchasing an additional 400 shares during the last quarter. Kestra Investment Management LLC grew its stake in shares of Matador Resources by 225.2% during the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock worth $25,000 after buying an additional 358 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Matador Resources by 93.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the energy company’s stock worth $26,000 after buying an additional 267 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Matador Resources by 182.0% during the second quarter. Allworth Financial LP now owns 564 shares of the energy company’s stock worth $27,000 after buying an additional 364 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Matador Resources in the 2nd quarter valued at $29,000. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Matador Resources

In related news, Director Shelley F. Appel acquired 1,389 shares of Matador Resources stock in a transaction dated Thursday, November 6th. The stock was bought at an average price of $38.01 per share, with a total value of $52,795.89. Following the transaction, the director directly owned 5,084 shares in the company, valued at $193,242.84. This represents a 37.59% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Susan M. Ward bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average price of $39.04 per share, for a total transaction of $195,200.00. Following the transaction, the director directly owned 14,923 shares in the company, valued at $582,593.92. This trade represents a 50.39% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 37,346 shares of company stock worth $1,463,396 over the last quarter. 5.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MTDR has been the subject of a number of recent research reports. Citigroup started coverage on Matador Resources in a report on Monday, December 8th. They issued a “buy” rating and a $53.00 target price for the company. Mizuho raised their price objective on shares of Matador Resources from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, December 12th. BMO Capital Markets reissued an “outperform” rating on shares of Matador Resources in a report on Thursday, December 18th. UBS Group raised their price target on shares of Matador Resources from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Matador Resources in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $61.77.

Matador Resources Stock Up 2.1%

Shares of NYSE MTDR opened at $43.33 on Friday. Matador Resources Company has a 52-week low of $35.19 and a 52-week high of $64.04. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.69 and a current ratio of 0.73. The company’s 50 day moving average price is $41.59 and its 200-day moving average price is $45.67. The company has a market capitalization of $5.38 billion, a P/E ratio of 6.92 and a beta of 1.09.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, October 21st. The energy company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.14. The business had revenue of $939.02 million during the quarter, compared to the consensus estimate of $893.22 million. Matador Resources had a net margin of 20.46% and a return on equity of 14.80%. Matador Resources’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.89 earnings per share. Equities analysts forecast that Matador Resources Company will post 8.53 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 10th were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.5%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.31. Matador Resources’s dividend payout ratio (DPR) is presently 23.96%.

Matador Resources Company 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.