Invesco Ltd. Cuts Stock Position in Matador Resources (NYSE:MTDR)

Invesco Ltd. decreased its holdings in Matador Resources (NYSE:MTDR) by 41.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 801,671 shares of the energy company’s stock after selling 574,950 shares during the quarter. Invesco Ltd. owned 0.64% of Matador Resources worth $45,102,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TCTC Holdings LLC boosted its position in Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company’s stock valued at $28,000 after buying an additional 175 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Matador Resources by 68.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company’s stock valued at $29,000 after acquiring an additional 207 shares in the last quarter. Atria Investments Inc boosted its holdings in Matador Resources by 3.1% in the fourth quarter. Atria Investments Inc now owns 8,188 shares of the energy company’s stock valued at $461,000 after purchasing an additional 249 shares during the period. EverSource Wealth Advisors LLC grew its stake in Matador Resources by 108.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company’s stock worth $28,000 after purchasing an additional 256 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in Matador Resources by 0.8% during the 4th quarter. Arizona State Retirement System now owns 34,413 shares of the energy company’s stock worth $1,936,000 after purchasing an additional 280 shares during the period. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MTDR shares. Morgan Stanley decreased their price objective on Matador Resources from $84.00 to $68.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Wolfe Research upgraded shares of Matador Resources from a “peer perform” rating to an “outperform” rating and set a $72.00 price target for the company in a report on Friday, January 3rd. TD Cowen raised their price objective on shares of Matador Resources from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. decreased their price objective on shares of Matador Resources from $65.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Finally, Stephens dropped 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. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.36.

Insider Buying and Selling at Matador Resources

In other news, Director Paul W. Harvey acquired 600 shares of the company’s stock in a transaction on Friday, February 21st. The shares were bought at an average cost of $55.20 per share, with a total value of $33,120.00. Following the purchase, the director now owns 27,917 shares of the company’s stock, valued at $1,541,018.40. This represents a 2.20 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Van H. Singleton II acquired 2,000 shares of the business’s stock in a transaction on Friday, February 21st. The shares were purchased at an average price of $53.21 per share, with a total value of $106,420.00. Following the transaction, the insider now owns 289,135 shares in the company, valued at $15,384,873.35. The trade was a 0.70 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 21,350 shares of company stock worth $1,100,769. 6.10% of the stock is owned by company insiders.

Matador Resources Stock Down 0.7 %

Matador Resources stock opened at $38.96 on Wednesday. The stock has a 50-day simple moving average of $49.25 and a 200-day simple moving average of $54.01. The company has a market capitalization of $4.88 billion, a P/E ratio of 5.46 and a beta of 2.74. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 0.93. Matador Resources has a fifty-two week low of $35.19 and a fifty-two week high of $67.72.

Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). The firm had revenue of $970.37 million during the quarter, compared to analyst estimates of $967.10 million. Matador Resources had a net margin of 25.26% and a return on equity of 18.52%. Equities research analysts expect that Matador Resources 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, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.3125 per share. This is an increase from Matador Resources’s previous quarterly dividend of $0.25. This represents a $1.25 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Friday, February 28th. Matador Resources’s dividend payout ratio (DPR) is presently 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.