Matador Resources (NYSE:MTDR) Stake Cut by US Bancorp DE

US Bancorp DE lessened its holdings in shares of Matador Resources (NYSE:MTDR) by 2.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 13,174 shares of the energy company’s stock after selling 351 shares during the period. US Bancorp DE’s holdings in Matador Resources were worth $651,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Denver PWM LLC purchased a new position in Matador Resources during the second quarter valued at approximately $27,000. Covestor Ltd boosted its stake in shares of Matador Resources by 121.4% during the 1st quarter. Covestor Ltd now owns 414 shares of the energy company’s stock valued at $28,000 after buying an additional 227 shares during the period. Quarry LP grew its holdings in shares of Matador Resources by 47.5% during the 2nd quarter. Quarry LP now owns 779 shares of the energy company’s stock valued at $46,000 after acquiring an additional 251 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Matador Resources by 191.8% in the first quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock worth $47,000 after acquiring an additional 466 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Matador Resources by 28.7% in the third quarter. GAMMA Investing LLC now owns 1,403 shares of the energy company’s stock worth $69,000 after acquiring an additional 313 shares during the last quarter. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. lowered their target price on Matador Resources from $77.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Capital One Financial raised Matador Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $80.00 to $84.00 in a research note on Thursday, July 25th. Wolfe Research began coverage on shares of Matador Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Truist Financial decreased their target price on shares of Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Finally, Benchmark restated a “buy” rating and set a $62.00 price target on shares of Matador Resources in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Matador Resources presently has a consensus rating of “Moderate Buy” and an average target price of $74.92.

Insider Buying and Selling

In related news, CEO Joseph Wm Foran acquired 2,500 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were bought at an average cost of $49.97 per share, with a total value of $124,925.00. Following the completion of the acquisition, the chief executive officer now owns 40,251 shares of the company’s stock, valued at $2,011,342.47. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Robert T. Macalik acquired 500 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $50.25 per share, with a total value of $25,125.00. Following the completion of the purchase, the chief accounting officer now owns 29,800 shares of the company’s stock, valued at $1,497,450. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph Wm Foran acquired 2,500 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were purchased at an average cost of $49.97 per share, with a total value of $124,925.00. Following the acquisition, the chief executive officer now owns 40,251 shares of the company’s stock, valued at approximately $2,011,342.47. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 11,105 shares of company stock valued at $562,306 over the last ninety days. 6.10% of the stock is owned by company insiders.

Matador Resources Stock Performance

Shares of NYSE MTDR opened at $56.58 on Monday. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08. The company has a market cap of $7.06 billion, a P/E ratio of 7.49 and a beta of 3.26. The business’s 50 day moving average is $52.01 and its two-hundred day moving average is $57.12. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.71.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm had revenue of $770.20 million during the quarter, compared to the consensus estimate of $836.69 million. During the same period in the prior year, the firm earned $1.86 EPS. The business’s revenue was up 9.8% on a year-over-year basis. On average, equities analysts expect that Matador Resources will post 7.45 EPS for the current year.

Matador Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.77%. This is a positive change from Matador Resources’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 15th. Matador Resources’s dividend payout ratio is presently 10.60%.

Matador Resources 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.