Matador Resources (NYSE:MTDR) Shares Sold by Xponance Inc.

Xponance Inc. lowered its position in shares of Matador Resources (NYSE:MTDR) by 16.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,396 shares of the energy company’s stock after selling 2,702 shares during the quarter. Xponance Inc.’s holdings in Matador Resources were worth $798,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd increased its position in shares of Matador Resources by 121.4% during the first quarter. Covestor Ltd now owns 414 shares of the energy company’s stock worth $28,000 after purchasing an additional 227 shares in the last quarter. Denver PWM LLC acquired a new stake in Matador Resources during the 2nd quarter worth $27,000. Rise Advisors LLC acquired a new stake in shares of Matador Resources in the first quarter valued at about $34,000. Lindbrook Capital LLC raised its position in shares of Matador Resources by 84.3% in the first quarter. Lindbrook Capital LLC now owns 597 shares of the energy company’s stock valued at $40,000 after buying an additional 273 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Matador Resources by 191.8% in the first quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company’s stock worth $47,000 after buying an additional 466 shares in the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Insider Activity at Matador Resources

In other news, CEO Joseph Wm Foran bought 2,500 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $51.47 per share, for a total transaction of $128,675.00. Following the acquisition, the chief executive officer now directly owns 37,751 shares of the company’s stock, valued at approximately $1,943,043.97. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Matador Resources news, CEO Joseph Wm Foran purchased 2,500 shares of Matador Resources stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $51.47 per share, with a total value of $128,675.00. Following the completion of the transaction, the chief executive officer now owns 37,751 shares of the company’s stock, valued at $1,943,043.97. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian J. Willey acquired 1,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $50.50 per share, with a total value of $75,750.00. Following the acquisition, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at approximately $75,750. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 12,300 shares of company stock worth $634,615. 6.10% of the stock is currently owned by company insiders.

Matador Resources Trading Up 4.1 %

NYSE MTDR opened at $49.36 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.82. The stock has a market capitalization of $6.16 billion, a P/E ratio of 6.76 and a beta of 3.27. The firm’s 50-day moving average is $54.97 and its two-hundred day moving average is $60.25. Matador Resources has a 12 month low of $47.15 and a 12 month high of $71.08.

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

Matador Resources Dividend Announcement

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

Wall Street Analysts Forecast Growth

MTDR has been the subject of a number of recent research reports. Stephens increased their price objective on shares of Matador Resources from $74.00 to $76.00 and gave the company an “overweight” rating in a report on Friday. Wolfe Research assumed coverage on Matador Resources in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Wells Fargo & Company boosted their price objective on Matador Resources from $88.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Truist Financial cut their target price on Matador Resources from $91.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, TD Cowen boosted their price target on shares of Matador Resources from $85.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.75.

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.