Matador Resources (NYSE:MTDR) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its position in shares of Matador Resources (NYSE:MTDR) by 19.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,660 shares of the energy company’s stock after selling 5,119 shares during the period. ProShare Advisors LLC’s holdings in Matador Resources were worth $1,231,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MTDR. Vanguard Group Inc. raised its holdings in Matador Resources by 0.9% during the first quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company’s stock worth $742,797,000 after purchasing an additional 103,713 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Matador Resources by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,734,819 shares of the energy company’s stock valued at $282,196,000 after acquiring an additional 356,506 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Matador Resources by 31.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,206,041 shares of the energy company’s stock valued at $125,435,000 after acquiring an additional 531,504 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Matador Resources by 11.8% during the first quarter. Clearbridge Investments LLC now owns 2,035,702 shares of the energy company’s stock worth $135,924,000 after purchasing an additional 215,298 shares during the last quarter. Finally, Wasatch Advisors LP increased its position in shares of Matador Resources by 7.3% during the first quarter. Wasatch Advisors LP now owns 1,176,802 shares of the energy company’s stock worth $78,575,000 after purchasing an additional 79,920 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Insider Buying and Selling at Matador Resources

In related news, Director Robert Gaines Baty purchased 500 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of $50.58 per share, for a total transaction of $25,290.00. Following the acquisition, the director now directly owns 67,617 shares of the company’s stock, valued at approximately $3,420,067.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Joseph Wm Foran purchased 2,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of $55.96 per share, for a total transaction of $111,920.00. Following the acquisition, the chief executive officer now directly owns 35,251 shares in the company, valued at approximately $1,972,645.96. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Gaines Baty acquired 500 shares of Matador Resources stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average cost of $50.58 per share, with a total value of $25,290.00. Following the completion of the acquisition, the director now owns 67,617 shares of the company’s stock, valued at approximately $3,420,067.86. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 12,300 shares of company stock valued at $634,615. 6.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MTDR shares. Mizuho decreased their target price on Matador Resources from $85.00 to $74.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Stephens raised their target price on shares of Matador Resources from $74.00 to $76.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company upped their price target on shares of Matador Resources from $88.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Benchmark reissued a “buy” rating and set a $62.00 price objective on shares of Matador Resources in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Matador Resources in a report on Friday. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $76.75.

Matador Resources Trading Up 4.1 %

NYSE MTDR opened at $49.36 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $6.16 billion, a P/E ratio of 6.76 and a beta of 3.27. Matador Resources has a 52-week low of $47.15 and a 52-week high of $71.08. The firm has a 50-day moving average price of $54.97 and a 200 day moving average price of $60.25.

Matador Resources (NYSE:MTDR) last released its earnings results on Tuesday, July 23rd. The energy company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.29. The company had revenue of $847.14 million for the quarter, compared to analysts’ expectations of $822.55 million. Matador Resources had a return on equity of 21.12% and a net margin of 29.01%. The firm’s quarterly revenue was up 32.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.42 EPS. Equities research analysts expect that Matador Resources will post 7.63 EPS for the current year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Thursday, August 15th. Matador Resources’s payout ratio is 10.96%.

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.