UBS Group AG Sells 100,271 Shares of Matador Resources Company $MTDR

UBS Group AG cut its position in shares of Matador Resources Company (NYSE:MTDR) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 646,496 shares of the energy company’s stock after selling 100,271 shares during the quarter. UBS Group AG’s holdings in Matador Resources were worth $27,437,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its position in shares of Matador Resources by 184.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 30,836 shares of the energy company’s stock valued at $1,309,000 after purchasing an additional 20,011 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Matador Resources by 3.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,032,602 shares of the energy company’s stock worth $46,395,000 after acquiring an additional 37,889 shares during the last quarter. Neo Ivy Capital Management bought a new position in Matador Resources during the 3rd quarter worth approximately $871,000. CIBC Bancorp USA Inc. bought a new position in Matador Resources during the 3rd quarter worth approximately $61,615,000. Finally, Aquatic Capital Management LLC grew its position in Matador Resources by 264.8% during the 3rd quarter. Aquatic Capital Management LLC now owns 111,727 shares of the energy company’s stock worth $5,020,000 after acquiring an additional 81,102 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Trading Down 0.6%

NYSE MTDR opened at $55.22 on Friday. Matador Resources Company has a fifty-two week low of $37.14 and a fifty-two week high of $66.84. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.75 and a current ratio of 0.73. The stock has a 50 day simple moving average of $58.70 and a two-hundred day simple moving average of $48.56. The stock has a market cap of $6.86 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 1.73 and a beta of 0.81.

Matador Resources (NYSE:MTDR) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.53 earnings per share 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 during the quarter, compared to analysts’ expectations of $871.57 million. During the same quarter last year, the business posted $1.99 EPS. The business’s revenue was down 33.8% on a year-over-year basis. On average, analysts forecast that Matador Resources Company will post 7.25 earnings per share for the current year.

Matador Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be issued a $0.375 dividend. The ex-dividend date is Friday, May 8th. This represents a $1.50 annualized dividend and a yield of 2.7%. Matador Resources’s dividend payout ratio (DPR) is 24.59%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MTDR shares. Mizuho reduced their price target on Matador Resources from $76.00 to $74.00 and set an “outperform” rating on the stock in a research report on Thursday. Roth Mkm restated a “neutral” rating and set a $65.00 price target (up from $52.00) on shares of Matador Resources in a research report on Wednesday, April 8th. Weiss Ratings upgraded Matador Resources from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. UBS Group raised their price target on Matador Resources from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Finally, Royal Bank Of Canada reduced their price target on Matador Resources from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Matador Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.92.

Matador Resources 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.