AlphaQuest LLC Decreases Stock Holdings in Matador Resources Company $MTDR

AlphaQuest LLC trimmed its position in Matador Resources Company (NYSE:MTDR) by 52.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,814 shares of the energy company’s stock after selling 2,005 shares during the quarter. AlphaQuest LLC’s holdings in Matador Resources were worth $93,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MTDR. Northern Trust Corp grew its holdings in Matador Resources by 22.9% in the 4th quarter. Northern Trust Corp now owns 1,166,077 shares of the energy company’s stock worth $65,603,000 after acquiring an additional 217,339 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Matador Resources in the 4th quarter worth $961,000. Comerica Bank grew its holdings in Matador Resources by 13.2% in the 4th quarter. Comerica Bank now owns 79,711 shares of the energy company’s stock worth $4,485,000 after acquiring an additional 9,279 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Matador Resources by 15.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 24,960 shares of the energy company’s stock worth $1,404,000 after acquiring an additional 3,420 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new stake in Matador Resources in the 4th quarter worth $374,000. Institutional investors own 91.98% of the company’s stock.

Insider Transactions at Matador Resources

In other Matador Resources news, CEO Joseph Wm Foran purchased 5,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of $49.17 per share, with a total value of $245,850.00. Following the transaction, the chief executive officer directly owned 6,606 shares in the company, valued at approximately $324,817.02. The trade was a 311.33% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Bank of America assumed coverage on shares of Matador Resources in a report on Monday, May 19th. They issued a “buy” rating and a $56.00 price target on the stock. TD Cowen raised shares of Matador Resources to a “strong-buy” rating in a report on Monday, July 7th. Mizuho cut their target price on shares of Matador Resources from $74.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 13th. KeyCorp boosted their price target on shares of Matador Resources from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, Raymond James Financial boosted their price target on shares of Matador Resources from $60.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.60.

Matador Resources Trading Up 1.7%

Shares of NYSE MTDR opened at $51.21 on Wednesday. Matador Resources Company has a 1 year low of $35.19 and a 1 year high of $64.04. The stock has a market cap of $6.38 billion, a P/E ratio of 7.50 and a beta of 1.49. The firm has a 50-day moving average of $49.35 and a 200 day moving average of $47.26. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.81.

Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Tuesday, July 22nd. The energy company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.24. Matador Resources had a net margin of 22.57% and a return on equity of 16.53%. The company had revenue of $895.31 million during the quarter, compared to analysts’ expectations of $892.86 million. During the same period last year, the company posted $2.05 EPS. Matador Resources’s revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts expect that Matador Resources Company will post 8.53 EPS for the current fiscal year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 15th. Matador Resources’s dividend payout ratio (DPR) is 18.30%.

Matador Resources Company 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.