UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 4,336 Shares of Matador Resources (NYSE:MTDR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Matador Resources (NYSE:MTDR) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 207,043 shares of the energy company’s stock after selling 4,336 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Matador Resources were worth $10,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MTDR. CWM LLC grew its position in shares of Matador Resources by 9.6% in the 2nd quarter. CWM LLC now owns 3,869 shares of the energy company’s stock worth $231,000 after buying an additional 339 shares during the period. Securian Asset Management Inc. increased its stake in shares of Matador Resources by 1.9% during the second quarter. Securian Asset Management Inc. now owns 9,255 shares of the energy company’s stock valued at $552,000 after purchasing an additional 170 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Matador Resources by 4.0% during the second quarter. Wedge Capital Management L L P NC now owns 74,399 shares of the energy company’s stock valued at $4,434,000 after purchasing an additional 2,865 shares during the last quarter. Hunter Perkins Capital Management LLC boosted its position in shares of Matador Resources by 29.1% in the 2nd quarter. Hunter Perkins Capital Management LLC now owns 23,305 shares of the energy company’s stock worth $1,389,000 after purchasing an additional 5,255 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Matador Resources by 2,053.3% in the 2nd quarter. Blue Trust Inc. now owns 8,075 shares of the energy company’s stock worth $481,000 after buying an additional 7,700 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MTDR shares. Truist Financial lowered their price objective on Matador Resources from $86.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, September 30th. KeyCorp dropped their price target on shares of Matador Resources from $76.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price objective on shares of Matador Resources from $77.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their target price on shares of Matador Resources from $89.00 to $87.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 1st. Finally, BMO Capital Markets raised their price target on shares of Matador Resources from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $75.08.

Insiders Place Their Bets

In related news, EVP Glenn W. Stetson purchased 1,000 shares of Matador Resources stock in a transaction on Wednesday, October 30th. The stock was acquired at an average price of $51.33 per share, for a total transaction of $51,330.00. Following the completion of the transaction, the executive vice president now directly owns 85,935 shares in the company, valued at $4,411,043.55. This represents a 1.18 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Gaines Baty acquired 500 shares of the stock in a transaction dated Friday, September 13th. The shares were bought at an average cost of $50.58 per share, for a total transaction of $25,290.00. Following the completion of the transaction, the director now owns 67,617 shares in the company, valued at approximately $3,420,067.86. This represents a 0.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 1,805 shares of company stock worth $92,151. Company insiders own 6.10% of the company’s stock.

Matador Resources Price Performance

NYSE MTDR opened at $55.30 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. Matador Resources has a 1-year low of $47.15 and a 1-year high of $71.08. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 7.32 and a beta of 3.26. The business’s fifty day moving average price is $55.00 and its 200-day moving average price is $56.46.

Matador Resources (NYSE:MTDR) last announced its earnings results on Tuesday, October 22nd. The energy company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.11. The business had revenue of $770.20 million for the quarter, compared to analysts’ expectations of $836.69 million. Matador Resources had a return on equity of 20.01% and a net margin of 27.45%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $1.86 earnings per share. On average, equities analysts predict that Matador Resources will post 7.5 earnings per share for the current year.

Matador Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a dividend of $0.25 per share. This is a boost from Matador Resources’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Friday, November 15th. Matador Resources’s dividend payout ratio is currently 13.25%.

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.