Matador Resources Company $MTDR Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lowered its stake in shares of Matador Resources Company (NYSE:MTDR) by 6.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 699,661 shares of the energy company’s stock after selling 48,705 shares during the period. Boston Trust Walden Corp’s holdings in Matador Resources were worth $44,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. CIBC Bancorp USA Inc. acquired a new stake in Matador Resources in the 3rd quarter worth about $61,615,000. Wellington Management Group LLP raised its holdings in shares of Matador Resources by 65.0% during the fourth quarter. Wellington Management Group LLP now owns 3,406,182 shares of the energy company’s stock valued at $144,558,000 after acquiring an additional 1,342,145 shares during the last quarter. Encompass Capital Advisors LLC purchased a new position in shares of Matador Resources in the fourth quarter valued at approximately $53,249,000. Balyasny Asset Management L.P. lifted its position in shares of Matador Resources by 2,495.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 552,856 shares of the energy company’s stock valued at $23,463,000 after acquiring an additional 531,551 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of Matador Resources by 12.9% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,365,997 shares of the energy company’s stock worth $142,853,000 after acquiring an additional 385,000 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analyst Upgrades and Downgrades

MTDR has been the subject of several research reports. TD Cowen boosted their price target on Matador Resources from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, March 17th. Morgan Stanley decreased 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. Zacks Research lowered shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Roth Mkm raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $65.00 target price for the company in a report on Monday, June 22nd. Finally, BMO Capital Markets increased their target price on shares of Matador Resources from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.38.

Insider Buying and Selling

In other news, CFO Christopher P. Calvert purchased 1,500 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was acquired at an average price of $53.24 per share, with a total value of $79,860.00. Following the purchase, the chief financial officer directly owned 41,500 shares in the company, valued at approximately $2,209,460. This represents a 3.75% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Joseph Wm Foran purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average price of $53.07 per share, with a total value of $106,140.00. Following the acquisition, the chief executive officer directly owned 11,479 shares in the company, valued at approximately $609,190.53. The trade was a 21.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 11,907 shares of company stock worth $635,712. Insiders own 5.90% of the company’s stock.

Matador Resources Stock Up 2.3%

Shares of NYSE:MTDR opened at $50.16 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average of $55.35 and a two-hundred day moving average of $52.12. The stock has a market cap of $6.23 billion, a P/E ratio of 12.89 and a beta of 0.74. 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 quarterly earnings results on Wednesday, May 6th. The energy company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.24 by $0.29. Matador Resources had a return on equity of 11.20% and a net margin of 14.41%.The business had revenue of $941.60 million for the quarter, compared to analyst estimates of $871.57 million. During the same quarter in the previous year, the firm earned $1.99 EPS. The company’s quarterly revenue was down 33.8% compared to the same quarter last year. On average, research analysts expect that Matador Resources Company will post 7.25 earnings per share for the current year.

Matador Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, May 8th. Matador Resources’s dividend payout ratio (DPR) is presently 38.56%.

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.