Matador Resources (NYSE:MTDR) Stock Holdings Reduced by Capital Fund Management S.A.

Capital Fund Management S.A. lowered its holdings in shares of Matador Resources (NYSE:MTDR) by 29.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,300 shares of the energy company’s stock after selling 9,569 shares during the quarter. Capital Fund Management S.A.’s holdings in Matador Resources were worth $1,311,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Bessemer Group Inc. lifted its position in shares of Matador Resources by 5.2% in the 4th quarter. Bessemer Group Inc. now owns 363,813 shares of the energy company’s stock worth $20,469,000 after acquiring an additional 17,863 shares during the period. DRW Securities LLC acquired a new position in shares of Matador Resources during the fourth quarter valued at $2,219,000. Raymond James Financial Inc. acquired a new position in Matador Resources in the fourth quarter valued at approximately $22,509,000. Renaissance Group LLC grew its stake in shares of Matador Resources by 11.7% during the fourth quarter. Renaissance Group LLC now owns 51,695 shares of the energy company’s stock worth $2,908,000 after purchasing an additional 5,412 shares during the period. Finally, Cerity Partners LLC raised its holdings in Matador Resources by 8.9% in the fourth quarter. Cerity Partners LLC now owns 75,251 shares of the energy company’s stock worth $3,860,000 after purchasing an additional 6,169 shares during the period. 91.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MTDR shares. Raymond James lowered their price target on shares of Matador Resources from $77.00 to $67.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. Royal Bank of Canada decreased their target price on Matador Resources from $70.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Truist Financial boosted their price objective on shares of Matador Resources from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 13th. Stephens reduced their target price on Matador Resources from $90.00 to $86.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Wells Fargo & Company decreased their price objective on shares of Matador Resources from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 25th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $73.36.

Insider Activity at Matador Resources

In other news, insider Van H. Singleton II bought 2,000 shares of the company’s stock in a transaction on Friday, February 21st. The shares were acquired at an average cost of $53.21 per share, with a total value of $106,420.00. Following the completion of the transaction, the insider now owns 289,135 shares of the company’s stock, valued at approximately $15,384,873.35. This trade represents a 0.70 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Glenn W. Stetson acquired 1,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were acquired at an average cost of $53.06 per share, with a total value of $53,060.00. Following the transaction, the executive vice president now owns 91,680 shares in the company, valued at approximately $4,864,540.80. This trade represents a 1.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 21,350 shares of company stock valued at $1,100,769. 6.10% of the stock is owned by corporate insiders.

Matador Resources Stock Down 0.7 %

Shares of NYSE MTDR opened at $38.96 on Wednesday. The stock has a market capitalization of $4.88 billion, a P/E ratio of 5.46 and a beta of 2.74. The firm’s 50 day simple moving average is $49.25 and its two-hundred day simple moving average is $54.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. Matador Resources has a one year low of $35.19 and a one year high of $67.72.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). The company had revenue of $970.37 million for the quarter, compared to analysts’ expectations of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. As a group, analysts expect that Matador Resources will post 8.53 EPS for the current fiscal year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.3125 dividend. The ex-dividend date was Friday, February 28th. This is a boost from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a yield of 3.21%. Matador Resources’s payout ratio is 17.51%.

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.